Royal Caribbean Cruises (NYSE:RCL) Price Target Raised to $154.00

Royal Caribbean Cruises (NYSE:RCL) had its target price hoisted by Barclays from $150.00 to $154.00 in a research report report published on Thursday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other analysts have also issued reports about the company. Stifel Nicolaus raised their target price on Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a buy rating in a report on Thursday, February 22nd. Wells Fargo & Company increased their price target on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an overweight rating in a report on Monday, February 26th. Morgan Stanley raised their price target on shares of 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. Tigress Financial increased their target price on shares of Royal Caribbean Cruises from $139.00 to $155.00 and gave the stock a buy rating in a research note on Thursday, December 21st. Finally, Argus raised their target price on Royal Caribbean Cruises from $95.00 to $142.00 and gave the company a buy rating in a research report on Thursday, December 21st. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises presently has a consensus rating of Moderate Buy and a consensus target price of $135.25.

Royal Caribbean Cruises Stock Performance

RCL opened at $127.67 on Thursday. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 4.03. Royal Caribbean Cruises has a 12-month low of $59.37 and a 12-month high of $141.70. The firm has a 50 day moving average of $127.42 and a two-hundred day moving average of $114.74. The firm has a market capitalization of $32.77 billion, a PE ratio of 20.53, a P/E/G ratio of 0.48 and a beta of 2.52.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same quarter last year, the company posted ($1.12) earnings per share. The firm’s revenue was up 28.0% compared to the same quarter last year. On average, analysts anticipate that Royal Caribbean Cruises will post 10.08 EPS for the current year.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, February 13th. The shares were 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 owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Dagco Inc. acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at about $25,000. BKM Wealth Management LLC purchased a new stake in Royal Caribbean Cruises in the fourth quarter valued at $26,000. Scarborough Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at $26,000. Creekmur Asset Management LLC purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter worth $30,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth about $33,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

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.