Royal Caribbean Cruises (NYSE:RCL) Price Target Raised to $225.00

Royal Caribbean Cruises (NYSE:RCL) had its price target raised by Morgan Stanley from $210.00 to $225.00 in a research report sent to investors on Monday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted their price target on Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Truist Financial boosted their target price on Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Bank of America raised their price target on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Susquehanna increased their price objective on shares of Royal Caribbean Cruises from $245.00 to $305.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Finally, Argus raised their target price on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus target price of $280.59.

Royal Caribbean Cruises Trading Up 1.3 %

Shares of NYSE:RCL opened at $266.95 on Monday. The business’s 50 day simple moving average is $241.16 and its 200 day simple moving average is $203.72. Royal Caribbean Cruises has a 1 year low of $113.10 and a 1 year high of $277.08. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. The company has a market capitalization of $71.78 billion, a P/E ratio of 24.97, a P/E/G ratio of 0.98 and a beta of 2.59.

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

Royal Caribbean Cruises Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were given a dividend of $0.55 per share. The ex-dividend date was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a yield of 0.82%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 20.58%.

Insider Transactions at Royal Caribbean Cruises

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the transaction, the executive vice president now directly owns 22,348 shares of the company’s stock, valued at $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the sale, the director now directly owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 372,609 shares of company stock valued at $87,647,208. Corporate insiders own 7.95% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RCL. National Pension Service raised its position in shares of Royal Caribbean Cruises by 138.9% during the fourth quarter. National Pension Service now owns 864,049 shares of the company’s stock worth $199,327,000 after purchasing an additional 502,349 shares during the period. International Assets Investment Management LLC increased its stake in Royal Caribbean Cruises by 10,599.0% during the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after purchasing an additional 406,048 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter worth $69,556,000. AustralianSuper Pty Ltd lifted its stake in shares of Royal Caribbean Cruises by 2,042.8% in the fourth quarter. AustralianSuper Pty Ltd now owns 122,887 shares of the company’s stock valued at $28,349,000 after buying an additional 117,152 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Royal Caribbean Cruises by 138.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock valued at $28,703,000 after buying an additional 93,899 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

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.