Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fifteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $155.07.
Several research firms have recently weighed in on RCL. Macquarie boosted their target price on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, March 15th. Susquehanna boosted their target price on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a "positive" rating in a research report on Friday, April 26th. Barclays boosted their target price on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an "overweight" rating in a research report on Friday, April 26th. Truist Financial boosted their target price on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, May 29th. Finally, Argus lifted their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a "buy" rating in a report on Wednesday, May 29th.
Read Our Latest Research Report on RCL
Royal Caribbean Cruises Stock Up 0.6 %
Royal Caribbean Cruises stock traded up $0.91 during midday trading on Friday, hitting $151.12. 2,066,752 shares of the stock were exchanged, compared to its average volume of 1,614,286. Royal Caribbean Cruises has a 1 year low of $78.35 and a 1 year high of $157.58. The firm has a market cap of $38.89 billion, a P/E ratio of 19.47, a P/E/G ratio of 0.45 and a beta of 2.56. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. The company has a 50 day moving average price of $144.24 and a two-hundred day moving average price of $132.39.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.44. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The company's revenue was up 29.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.23) EPS. On average, sell-side analysts predict that Royal Caribbean Cruises will post 11.09 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Richard D. Fain sold 19,584 shares of the business's stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total value of $3,015,152.64. Following the sale, the director now directly owns 179,117 shares in the company, valued at approximately $27,576,853.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Richard D. Fain sold 19,584 shares of the business's stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the sale, the director now owns 179,117 shares in the company, valued at $27,576,853.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael W. Bayley sold 49,155 shares of the business's stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $147.67, for a total transaction of $7,258,718.85. Following the sale, the chief executive officer now owns 49,695 shares in the company, valued at approximately $7,338,460.65. The disclosure for this sale can be found here. Insiders have sold 152,884 shares of company stock worth $22,052,985 in the last ninety days. 7.95% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. BKM Wealth Management LLC acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new stake in Royal Caribbean Cruises in the fourth quarter worth approximately $26,000. Creekmur Asset Management LLC bought a new stake in Royal Caribbean Cruises in the fourth quarter worth approximately $30,000. Turtle Creek Wealth Advisors LLC bought a new stake in Royal Caribbean Cruises in the fourth quarter worth approximately $33,000. Finally, West Branch Capital LLC grew its position in Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company's stock worth $39,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.
About Royal Caribbean Cruises
(Get Free Report
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.
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