Royal Caribbean Cruises (NYSE:RCL) Given New $250.00 Price Target at Macquarie

Royal Caribbean Cruises (NYSE:RCL) had its price target lifted by Macquarie from $189.00 to $250.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also weighed in on RCL. Truist Financial upped their price target on Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Wells Fargo & Company upped their price target on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research report on Wednesday. Susquehanna upped their price target on Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, July 30th. Stifel Nicolaus upped their price target on Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, UBS Group upped their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average price target of $214.00.

Royal Caribbean Cruises Stock Down 0.8 %

Shares of Royal Caribbean Cruises stock opened at $208.34 on Wednesday. The stock’s fifty day moving average is $179.29 and its 200-day moving average is $160.68. The firm has a market capitalization of $53.62 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 0.58 and a beta of 2.61. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. Royal Caribbean Cruises has a 12-month low of $83.25 and a 12-month high of $214.12.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. Royal Caribbean Cruises’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.85 earnings per share. Equities analysts anticipate that Royal Caribbean Cruises will post 11.61 earnings per share for the current year.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the sale, the director now owns 25,837 shares in the company, valued at approximately $4,095,164.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the transaction, the director now owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at $4,620,629.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Royal Caribbean Cruises

Several large investors have recently made changes to their positions in RCL. D1 Capital Partners L.P. lifted its position in shares of Royal Caribbean Cruises by 105.7% during the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock worth $241,075,000 after purchasing an additional 777,103 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Royal Caribbean Cruises by 10,599.0% in the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after acquiring an additional 406,048 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Royal Caribbean Cruises by 24.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock valued at $326,616,000 after acquiring an additional 400,565 shares in the last quarter. Capital International Investors raised its holdings in Royal Caribbean Cruises by 1.0% in the 1st quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock valued at $4,114,203,000 after acquiring an additional 286,868 shares in the last quarter. Finally, Forest Avenue Capital Management LP acquired a new position in Royal Caribbean Cruises in the 2nd quarter valued at approximately $35,038,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

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.