Royal Caribbean Cruises (NYSE:RCL) PT Raised to $145.00

Royal Caribbean Cruises (NYSE:RCL) had its target price boosted by equities research analysts at Bank of America from $135.00 to $145.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Bank of America‘s price target would suggest a potential upside of 4.91% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Susquehanna lifted their target price on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a “positive” rating in a report on Friday, April 26th. The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Macquarie increased their target price on shares of 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 boosted their price target on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Wells Fargo & Company upped their price objective on Royal Caribbean Cruises from $153.00 to $159.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.71.

Royal Caribbean Cruises Stock Up 0.6 %

Shares of NYSE RCL traded up $0.83 during mid-day trading on Thursday, reaching $138.21. The company had a trading volume of 2,091,140 shares, compared to its average volume of 3,018,203. The firm has a 50 day simple moving average of $131.98 and a two-hundred day simple moving average of $118.89. Royal Caribbean Cruises has a 52-week low of $70.58 and a 52-week high of $143.62. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. The stock has a market cap of $35.57 billion, a P/E ratio of 17.81, a PEG ratio of 0.45 and a beta of 2.49.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the company posted ($0.23) earnings per share. The business’s quarterly revenue was up 29.2% compared to the same quarter last year. Sell-side analysts predict that Royal Caribbean Cruises will post 11.13 earnings per share for the current year.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total value of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now directly owns 16,687 shares of the company’s stock, valued at $2,356,705.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 153,017 shares in the company, valued at approximately $21,365,763.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Henry L. Pujol sold 9,944 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total value of $1,404,391.12. Following the transaction, the chief accounting officer now directly owns 16,687 shares in the company, valued at approximately $2,356,705.01. The disclosure for this sale can be found here. Insiders have sold 71,697 shares of company stock valued at $9,749,357 over the last quarter. Corporate insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

Several institutional investors have recently added to or reduced their stakes in the business. BKM Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at $26,000. Scarborough Advisors LLC acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at $26,000. Creekmur Asset Management LLC purchased a new stake in Royal Caribbean Cruises during the 4th quarter worth $30,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at $33,000. Finally, Hanseatic Management Services Inc. purchased a new position in Royal Caribbean Cruises in the third quarter valued at about $36,000. 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.