Royal Caribbean Cruises (NYSE:RCL) Price Target Raised to $168.00 at Mizuho

Royal Caribbean Cruises (NYSE:RCL) had its price objective increased by Mizuho from $164.00 to $168.00 in a report published on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently commented on the stock. Barclays raised their price objective on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an overweight rating in a research note on Friday. Macquarie boosted their price target on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an outperform rating in a research note on Friday, March 15th. Morgan Stanley upped their price target on Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an equal weight rating in a report on Wednesday, February 7th. Susquehanna lifted their price objective on Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a positive rating in a report on Friday. Finally, The Goldman Sachs Group reissued a buy rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $138.76.

Royal Caribbean Cruises Trading Up 2.3 %

NYSE RCL opened at $140.58 on Friday. The stock has a market cap of $36.08 billion, a P/E ratio of 18.12, a P/E/G ratio of 0.46 and a beta of 2.52. Royal Caribbean Cruises has a 12-month low of $59.38 and a 12-month high of $141.70. The company has a fifty day simple moving average of $130.20 and a two-hundred day simple moving average of $117.47. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the company posted ($0.23) earnings per share. Royal Caribbean Cruises’s quarterly revenue was up 29.2% on a year-over-year basis. On average, analysts forecast that Royal Caribbean Cruises will post 10.8 earnings per share for the current year.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the sale, the chief executive officer now directly owns 166,537 shares in the company, valued at $19,319,957.37. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Jason T. Liberty sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the sale, the chief executive officer now directly owns 153,017 shares in the company, valued at approximately $21,365,763.71. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the transaction, the chief executive officer now owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The disclosure for this sale can be found here. Corporate insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. BKM Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth about $26,000. Scarborough Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $26,000. ST Germain D J Co. Inc. raised its stake in shares of Royal Caribbean Cruises by 65.0% in the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock valued at $30,000 after acquiring an additional 130 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $30,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $33,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

About Royal Caribbean Cruises

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.