Brokerages Set Royal Caribbean Cruises Ltd. (NYSE:RCL) Price Target at $132.87

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCLGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $132.87.

A number of research firms have recently commented on RCL. Truist Financial reissued a “buy” rating and issued a $134.00 price objective on shares of Royal Caribbean Cruises in a research note on Monday, December 4th. TheStreet raised Royal Caribbean Cruises from a “d+” rating to a “c-” rating in a research note on Tuesday, December 5th. Wells Fargo & Company boosted their price objective on Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Morgan Stanley boosted their price objective on Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Finally, The Goldman Sachs Group began coverage on Royal Caribbean Cruises in a research report on Wednesday, March 13th. They set a “buy” rating and a $162.00 target price on the stock.

Read Our Latest Analysis on RCL

Royal Caribbean Cruises Trading Up 0.2 %

NYSE:RCL opened at $128.92 on Friday. Royal Caribbean Cruises has a 12-month low of $59.37 and a 12-month high of $133.77. The firm has a market capitalization of $33.09 billion, a P/E ratio of 20.73, a P/E/G ratio of 0.48 and a beta of 2.51. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16. The business has a 50 day simple moving average of $123.17 and a 200 day simple moving average of $109.41.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same quarter in the previous year, the firm posted ($1.12) EPS. The business’s revenue for the quarter was up 28.0% compared to the same quarter last year. Equities research analysts predict that Royal Caribbean Cruises will post 10.08 EPS for the current year.

Insider Buying and Selling

In related news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Royal Caribbean Cruises

Large investors have recently made changes to their positions in the business. Capital International Investors raised its holdings in Royal Caribbean Cruises by 3.6% in the 2nd quarter. Capital International Investors now owns 29,671,559 shares of the company’s stock valued at $3,077,810,000 after acquiring an additional 1,040,190 shares in the last quarter. Vanguard Group Inc. raised its holdings in Royal Caribbean Cruises by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 25,277,193 shares of the company’s stock valued at $3,273,144,000 after acquiring an additional 359,770 shares in the last quarter. Geode Capital Management LLC raised its holdings in Royal Caribbean Cruises by 3.7% in the 2nd quarter. Geode Capital Management LLC now owns 4,689,014 shares of the company’s stock valued at $485,146,000 after acquiring an additional 167,280 shares in the last quarter. Capital World Investors raised its holdings in Royal Caribbean Cruises by 1,314.9% in the 1st quarter. Capital World Investors now owns 2,759,035 shares of the company’s stock valued at $231,152,000 after acquiring an additional 2,564,035 shares in the last quarter. Finally, Norges Bank acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at approximately $323,251,000. Institutional investors and hedge funds own 75.64% of the company’s stock.

About Royal Caribbean Cruises

(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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