Royal Caribbean Cruises (NYSE:RCL) Earns Hold Rating from Analysts at Loop Capital

Loop Capital assumed coverage on shares of Royal Caribbean Cruises (NYSE:RCL) in a research report sent to investors on Tuesday, MarketBeat.com reports. The brokerage issued a hold rating and a $250.00 target price on the stock.

Other equities research analysts also recently issued reports about the company. Macquarie increased their price target on Royal Caribbean Cruises from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Susquehanna lifted their price target on Royal Caribbean Cruises from $245.00 to $305.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Truist Financial upped their price target on Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a report on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 price objective on the stock. Finally, StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $280.59.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $270.35 on Tuesday. The stock’s fifty day moving average price is $241.66 and its 200 day moving average price is $204.16. The company has a market cap of $72.69 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 0.98 and a beta of 2.59. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. Royal Caribbean Cruises has a 1 year low of $113.10 and a 1 year high of $277.08.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. During the same quarter in the prior year, the company posted $1.25 EPS. As a group, equities research analysts forecast that Royal Caribbean Cruises will post 14.96 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s payout ratio is 20.58%.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the sale, the director now owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the sale, the executive vice president now directly owns 22,348 shares of the company’s stock, valued at $5,243,287.76. This represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 372,609 shares of company stock valued at $87,647,208 over the last 90 days. 7.95% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

A number of hedge funds have recently modified their holdings of the company. D1 Capital Partners L.P. grew its holdings in shares of Royal Caribbean Cruises by 3.8% in the third quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company’s stock valued at $278,502,000 after purchasing an additional 58,159 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Royal Caribbean Cruises by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,519,000 shares of the company’s stock worth $350,418,000 after buying an additional 48,480 shares during the period. National Pension Service boosted its stake in Royal Caribbean Cruises by 138.9% during the fourth quarter. National Pension Service now owns 864,049 shares of the company’s stock worth $199,327,000 after buying an additional 502,349 shares during the period. Swiss National Bank boosted its stake in Royal Caribbean Cruises by 0.5% during the third quarter. Swiss National Bank now owns 725,638 shares of the company’s stock worth $128,699,000 after buying an additional 3,800 shares during the period. Finally, Disciplined Growth Investors Inc. MN boosted its stake in Royal Caribbean Cruises by 2.3% during the third quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock worth $104,918,000 after buying an additional 13,520 shares during the period. 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.