Royal Caribbean Cruises Ltd. (NYSE:RCL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Royal Caribbean Cruises Ltd. (NYSE:RCLGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $214.00.

Several brokerages recently commented on RCL. StockNews.com downgraded Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research note on Wednesday. Barclays raised their price target on Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday. Macquarie lifted their price objective on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group increased their target price on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley lifted their price target on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th.

View Our Latest Report on Royal Caribbean Cruises

Insider Transactions at Royal Caribbean Cruises

In related news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the sale, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the sale, the director now directly owns 204,521 shares of the company’s stock, valued at approximately $42,953,500.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,596 shares of company stock worth $8,090,059 in the last three months. Insiders own 7.95% of the company’s stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

A number of institutional investors and hedge funds have recently modified their holdings of the company. Capital International Investors increased its position in Royal Caribbean Cruises by 1.0% during the first quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock worth $4,114,203,000 after buying an additional 286,868 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Royal Caribbean Cruises by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock worth $3,532,143,000 after acquiring an additional 132,079 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Royal Caribbean Cruises by 24.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock valued at $326,616,000 after acquiring an additional 400,565 shares during the period. D1 Capital Partners L.P. lifted its holdings in Royal Caribbean Cruises by 105.7% during the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock valued at $241,075,000 after purchasing an additional 777,103 shares during the last quarter. Finally, Capital International Inc. CA boosted its position in Royal Caribbean Cruises by 3.3% during the first quarter. Capital International Inc. CA now owns 601,917 shares of the company’s stock worth $83,672,000 after purchasing an additional 19,065 shares during the period. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $202.06 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $54.33 billion, a P/E ratio of 20.77, a PEG ratio of 0.61 and a beta of 2.61. The business has a 50-day moving average of $181.04 and a 200-day moving average of $161.52. Royal Caribbean Cruises has a 1 year low of $86.75 and a 1 year high of $214.12.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.85 earnings per share. On average, equities analysts anticipate that Royal Caribbean Cruises will post 11.6 EPS for the current year.

Royal Caribbean Cruises Company Profile

(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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Analyst Recommendations for Royal Caribbean Cruises (NYSE:RCL)

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