Wells Fargo & Company Has Lowered Expectations for Royal Caribbean Cruises (NYSE:RCL) Stock Price

Royal Caribbean Cruises (NYSE:RCL) had its price target dropped by investment analysts at Wells Fargo & Company from $320.00 to $316.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 19.16% from the company’s previous close.

Several other equities analysts have also recently commented on RCL. Stifel Nicolaus reduced their price objective on shares of Royal Caribbean Cruises from $420.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Truist Financial cut their price target on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a report on Friday, September 19th. JPMorgan Chase & Co. decreased their price target on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Barclays lowered their price objective on Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Finally, UBS Group dropped their price objective on Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $326.09.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $265.19 on Monday. The firm has a market capitalization of $72.32 billion, a P/E ratio of 17.83, a PEG ratio of 0.84 and a beta of 2.04. Royal Caribbean Cruises has a one year low of $164.01 and a one year high of $366.50. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.21. The business has a fifty day moving average price of $288.43 and a 200-day moving average price of $303.68.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. The business had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.20 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS and its Q4 2025 guidance at 2.740-2.790 EPS. As a group, equities research analysts forecast that Royal Caribbean Cruises will post 14.9 EPS for the current year.

Insider Activity

In other news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $281.76, for a total value of $309,936.00. Following the transaction, the director owned 14,234 shares in the company, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.95% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in Royal Caribbean Cruises by 12.2% in the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after purchasing an additional 143 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of Royal Caribbean Cruises by 22.8% in the first quarter. Arkadios Wealth Advisors now owns 2,452 shares of the company’s stock worth $504,000 after buying an additional 455 shares during the period. IFG Advisory LLC bought a new stake in Royal Caribbean Cruises during the 1st quarter valued at $421,000. PNC Financial Services Group Inc. boosted its position in Royal Caribbean Cruises by 334.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 293,600 shares of the company’s stock valued at $60,317,000 after buying an additional 226,010 shares during the period. Finally, Banco Santander S.A. boosted its position in Royal Caribbean Cruises by 9.6% during the 1st quarter. Banco Santander S.A. now owns 2,075 shares of the company’s stock valued at $426,000 after buying an additional 181 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Company Profile

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.