Brokerages Set Royal Caribbean Cruises Ltd. (NYSE:RCL) PT at $155.07

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) have earned a consensus rating of “Moderate Buy” from the sixteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $161.13.

RCL has been the topic of a number of recent research reports. UBS Group lifted their target price on shares of Royal Caribbean Cruises from $154.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Mizuho upped their target price on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a “buy” rating in a report on Friday, April 26th. Wells Fargo & Company increased their target price on shares of Royal Caribbean Cruises from $159.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Macquarie boosted their price target on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Finally, Barclays increased their price objective on Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th.

Insiders Place Their Bets

In other news, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the sale, the chief executive officer now owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Henry L. Pujol sold 9,944 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the sale, the chief accounting officer now directly owns 16,687 shares of the company’s stock, valued at approximately $2,356,705.01. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the transaction, the chief executive officer now owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,884 shares of company stock worth $22,052,985. 7.95% of the stock is owned by company insiders.

Institutional Trading of Royal Caribbean Cruises

Several large investors have recently modified their holdings of the business. Capital International Investors boosted its stake in shares of Royal Caribbean Cruises by 1.0% during the 1st quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock worth $4,114,203,000 after purchasing an additional 286,868 shares during the last quarter. Vanguard Group Inc. boosted its position in Royal Caribbean Cruises by 0.5% during the first quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock worth $3,532,143,000 after acquiring an additional 132,079 shares during the last quarter. Norges Bank purchased a new stake in Royal Caribbean Cruises in the 4th quarter worth approximately $323,251,000. Northern Trust Corp raised its holdings in Royal Caribbean Cruises by 6.8% in the 3rd quarter. Northern Trust Corp now owns 2,335,667 shares of the company’s stock valued at $215,208,000 after acquiring an additional 148,532 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Royal Caribbean Cruises by 2.8% during the 4th quarter. Swiss National Bank now owns 760,938 shares of the company’s stock worth $98,534,000 after purchasing an additional 20,600 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $160.21 on Friday. Royal Caribbean Cruises has a 12 month low of $78.35 and a 12 month high of $161.69. The firm has a market capitalization of $41.23 billion, a P/E ratio of 20.65, a P/E/G ratio of 0.48 and a beta of 2.56. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. The company’s fifty day moving average price is $146.13 and its 200 day moving average price is $133.12.

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. As a group, sell-side analysts predict that Royal Caribbean Cruises will post 11.1 earnings per share for the current fiscal year.

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.