Royal Caribbean Cruises (NYSE:RCL) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Royal Caribbean Cruises (NYSE:RCL) from a sell rating to a hold rating in a research note released on Tuesday morning.

A number of other analysts have also weighed in on RCL. Morgan Stanley increased their target price on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an equal weight rating in a report on Wednesday, August 7th. The Goldman Sachs Group increased their target price on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a buy rating in a report on Wednesday, July 17th. Citigroup increased their target price on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the stock a buy rating in a report on Wednesday, June 26th. UBS Group increased their target price on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a buy rating in a report on Wednesday, July 31st. Finally, Argus increased their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a buy rating in a research note on Wednesday, May 29th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Royal Caribbean Cruises presently has an average rating of Moderate Buy and a consensus price target of $184.13.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $182.81 on Tuesday. The company has a 50-day simple moving average of $161.04 and a two-hundred day simple moving average of $150.46. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. Royal Caribbean Cruises has a 12-month low of $78.35 and a 12-month high of $184.41. The firm has a market cap of $47.05 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 0.50 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.45. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 earnings per share. On average, equities analysts forecast that Royal Caribbean Cruises will post 11.66 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently announced a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio is currently 20.62%.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CFO Naftali Holtz purchased 5,350 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the purchase, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises 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 transaction, the insider now owns 27,388 shares in the company, valued at approximately $4,620,629.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Naftali Holtz purchased 5,350 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the purchase, the chief financial officer now directly owns 48,256 shares in the company, valued at $6,755,840. The disclosure for this purchase can be found here. Corporate insiders own 7.95% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RCL. Unique Wealth Strategies LLC bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at $27,000. Versant Capital Management Inc increased its holdings in Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after acquiring an additional 172 shares during the last quarter. Scarborough Advisors LLC bought a new stake in Royal Caribbean Cruises in the 4th quarter valued at $26,000. AlphaMark Advisors LLC increased its holdings in Royal Caribbean Cruises by 233.3% in the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after acquiring an additional 140 shares during the last quarter. Finally, Creekmur Asset Management LLC bought a new stake in Royal Caribbean Cruises in the 4th quarter valued at $30,000. 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.