Royal Caribbean Cruises (NYSE:RCL) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Royal Caribbean Cruises (NYSE:RCL) had its target price upped by The Goldman Sachs Group from $220.00 to $245.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 16.52% from the company’s current price.

Other analysts also recently issued research reports about the stock. Macquarie increased their target price on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Morgan Stanley increased their price objective on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Susquehanna boosted their target price on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. increased their price target on Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Barclays boosted their price objective on Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $205.20.

Royal Caribbean Cruises Trading Up 0.1 %

NYSE RCL traded up $0.17 during trading hours on Wednesday, reaching $210.27. The company’s stock had a trading volume of 1,873,808 shares, compared to its average volume of 2,395,034. Royal Caribbean Cruises has a 52 week low of $83.25 and a 52 week high of $214.12. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. The stock has a market cap of $54.11 billion, a P/E ratio of 22.96, a P/E/G ratio of 0.58 and a beta of 2.61. The firm has a fifty day simple moving average of $178.28 and a 200-day simple moving average of $160.35.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.15. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. Royal Caribbean Cruises’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.85 earnings per share. Equities analysts forecast that Royal Caribbean Cruises will post 11.61 earnings per share for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In related news, CFO Naftali Holtz bought 5,350 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $140.00 per share, with a total value of $749,000.00. Following the completion of the transaction, the chief financial officer now directly owns 48,256 shares in the company, valued at approximately $6,755,840. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Vagn O. Sorensen sold 5,800 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the transaction, the director now owns 25,837 shares in the company, valued at approximately $4,095,164.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Naftali Holtz bought 5,350 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was bought at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the purchase, the chief financial officer now owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.95% of the stock is owned by insiders.

Hedge Funds Weigh In On Royal Caribbean Cruises

Several institutional investors have recently bought and sold shares of the company. FSM Wealth Advisors LLC raised its stake in shares of Royal Caribbean Cruises by 3.2% in the third quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock valued at $290,000 after buying an additional 51 shares during the period. Venture Visionary Partners LLC increased its stake in shares of Royal Caribbean Cruises by 4.8% in the third quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company’s stock worth $242,000 after purchasing an additional 62 shares in the last quarter. Ignite Planners LLC raised its position in shares of Royal Caribbean Cruises by 4.3% in the third quarter. Ignite Planners LLC now owns 1,856 shares of the company’s stock valued at $329,000 after purchasing an additional 77 shares during the period. Meeder Asset Management Inc. boosted its holdings in Royal Caribbean Cruises by 50.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock worth $37,000 after buying an additional 78 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its stake in Royal Caribbean Cruises by 1.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,095 shares of the company’s stock valued at $1,291,000 after buying an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

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.