Royal Caribbean Cruises (NYSE:RCL) Now Covered by Analysts at Loop Capital

Loop Capital assumed coverage on shares of Royal Caribbean Cruises (NYSE:RCL) in a research report issued on Tuesday,Benzinga reports. The firm set a “hold” rating and a $250.00 price target on the stock. Loop Capital’s price objective would suggest a potential downside of 5.25% from the company’s current price.

Several other equities analysts also recently issued reports on RCL. Barclays increased their price objective on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. UBS Group raised their price target on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a “buy” rating in a research note on Tuesday. The Goldman Sachs Group cut their price objective on Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 target price on the stock. Finally, Mizuho reiterated an “outperform” rating and set a $253.00 price target (down from $255.00) on shares of Royal Caribbean Cruises in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.59.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock traded up $3.01 during mid-day trading on Tuesday, hitting $263.87. The company had a trading volume of 1,501,047 shares, compared to its average volume of 2,440,684. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $70.95 billion, a price-to-earnings ratio of 24.68, a P/E/G ratio of 0.98 and a beta of 2.59. The company’s fifty day moving average is $240.77 and its 200-day moving average is $203.04. Royal Caribbean Cruises has a 12-month low of $113.10 and a 12-month high of $277.08.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same quarter last year, the firm earned $1.25 EPS. Equities research analysts predict that Royal Caribbean Cruises will post 14.96 EPS for the current year.

Insider Buying and Selling

In related news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the completion of the transaction, the director now owns 18,556,860 shares of the company’s stock, valued at approximately $4,335,253,633.20. This trade represents a 1.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total value of $763,922.72. Following the transaction, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. This trade represents a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 372,609 shares of company stock worth $87,647,208. Company insiders own 7.95% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RCL. Hemington Wealth Management grew its position in shares of Royal Caribbean Cruises by 9.0% during the fourth quarter. Hemington Wealth Management now owns 533 shares of the company’s stock worth $123,000 after buying an additional 44 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Royal Caribbean Cruises by 2.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,360 shares of the company’s stock valued at $544,000 after acquiring an additional 50 shares in the last quarter. Bartlett & CO. Wealth Management LLC lifted its stake in Royal Caribbean Cruises by 12.3% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 457 shares of the company’s stock worth $106,000 after acquiring an additional 50 shares during the last quarter. DT Investment Partners LLC grew its holdings in Royal Caribbean Cruises by 16.7% during the 4th quarter. DT Investment Partners LLC now owns 350 shares of the company’s stock worth $81,000 after acquiring an additional 50 shares in the last quarter. Finally, FSM Wealth Advisors LLC increased its position in shares of Royal Caribbean Cruises by 3.2% in the 3rd quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock valued at $290,000 after purchasing an additional 51 shares during the last quarter. 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.