Royal Caribbean Cruises (NYSE:RCL) Rating Increased to Hold at StockNews.com

Royal Caribbean Cruises (NYSE:RCL) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

RCL has been the subject of a number of other research reports. Barclays raised their price objective on Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Argus raised their price objective on Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Truist Financial raised their price objective on Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Stifel Nicolaus raised their price objective on Royal Caribbean Cruises from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Tigress Financial lifted their price target on Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $182.31.

Royal Caribbean Cruises Trading Down 1.2 %

Shares of NYSE:RCL opened at $177.41 on Tuesday. Royal Caribbean Cruises has a 12-month low of $78.35 and a 12-month high of $179.75. The business’s fifty day simple moving average is $160.78 and its 200-day simple moving average is $150.27. The company has a market capitalization of $45.66 billion, a PE ratio of 22.86, a P/E/G ratio of 0.50 and a beta of 2.61. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the business posted $1.82 EPS. The business’s revenue was up 16.4% compared to the same quarter last year. As a group, equities research analysts predict that Royal Caribbean Cruises will post 11.66 earnings per share for the current fiscal year.

Insider Activity

In other Royal Caribbean Cruises news, CFO Naftali Holtz purchased 5,350 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the purchase, the chief financial officer now directly owns 48,256 shares in the company, valued at $6,755,840. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Royal Caribbean Cruises news, CFO Naftali Holtz purchased 5,350 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the purchase, the chief financial officer now directly owns 48,256 shares in the company, valued at $6,755,840. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the transaction, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. The disclosure for this sale can be found here. Insiders own 7.95% of the company’s stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several large investors have recently bought and sold shares of the company. Capital International Investors increased its stake in 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 buying an additional 286,868 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Royal Caribbean Cruises by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock worth $3,532,143,000 after purchasing an additional 132,079 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Royal Caribbean Cruises by 24.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock worth $326,616,000 after purchasing an additional 400,565 shares during the last quarter. D1 Capital Partners L.P. boosted its holdings 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. Finally, Eagle Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $79,392,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

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.