Royal Caribbean Cruises (NYSE:RCL) Price Target Raised to $160.00

Royal Caribbean Cruises (NYSE:RCL) had its price target upped by Susquehanna from $150.00 to $160.00 in a research report report published on Friday, Benzinga reports. Susquehanna currently has a positive rating on the stock.

Other research analysts have also issued reports about the company. Morgan Stanley raised their price target on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an equal weight rating in a report on Wednesday, February 7th. Mizuho initiated coverage on Royal Caribbean Cruises in a report on Wednesday, April 17th. They set a buy rating and a $164.00 target price on the stock. Barclays lifted their target price on Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an overweight rating in a report on Friday. Macquarie lifted their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an outperform rating in a report on Friday, March 15th. Finally, UBS Group lifted their target price on Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a buy rating in a report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $138.76.

Royal Caribbean Cruises Stock Performance

RCL stock opened at $140.59 on Friday. The stock has a market capitalization of $36.09 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 0.47 and a beta of 2.52. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19. Royal Caribbean Cruises has a 1 year low of $59.38 and a 1 year high of $141.70. The stock’s fifty day moving average is $130.20 and its two-hundred day moving average is $117.87.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The company’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period last year, the company earned ($0.23) earnings per share. On average, research analysts predict that Royal Caribbean Cruises will post 10.8 EPS for the current year.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the sale, the chief executive officer now directly owns 166,537 shares in the company, valued at approximately $19,319,957.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the sale, the chief executive officer now directly owns 153,017 shares in the company, valued at approximately $21,365,763.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the sale, the chief executive officer now owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The disclosure for this sale can be found here. 8.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

Institutional investors have recently bought and sold shares of the business. Capital International Investors lifted its holdings in shares of Royal Caribbean Cruises by 1.2% during the 4th quarter. Capital International Investors now owns 29,309,587 shares of the company’s stock valued at $3,795,368,000 after buying an additional 351,747 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Royal Caribbean Cruises by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 25,277,193 shares of the company’s stock valued at $3,273,144,000 after buying an additional 359,770 shares in the last quarter. Norges Bank bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $323,251,000. Northern Trust Corp grew its stake in shares of Royal Caribbean Cruises by 6.8% in the 3rd quarter. Northern Trust Corp now owns 2,335,667 shares of the company’s stock valued at $215,208,000 after buying an additional 148,532 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Royal Caribbean Cruises by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,533,566 shares of the company’s stock valued at $141,303,000 after buying an additional 10,095 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

About Royal Caribbean Cruises

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.