Royal Caribbean Cruises (NYSE:RCL) Stock Price Expected to Rise, Tigress Financial Analyst Says

Royal Caribbean Cruises (NYSE:RCL) had its price target lifted by Tigress Financial from $210.00 to $270.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Tigress Financial’s price target suggests a potential upside of 21.54% from the stock’s previous close.

Several other research analysts have also weighed in on RCL. Mizuho boosted their price target on Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Wells Fargo & Company boosted their price target on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Truist Financial lifted their target price on Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. UBS Group lifted their target price on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Susquehanna lifted their target price on Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $218.00.

Royal Caribbean Cruises Stock Down 2.0 %

Royal Caribbean Cruises stock traded down $4.49 during midday trading on Thursday, reaching $222.15. The stock had a trading volume of 1,098,338 shares, compared to its average volume of 2,389,355. The firm’s fifty day simple moving average is $183.91 and its 200-day simple moving average is $163.56. Royal Caribbean Cruises has a 1-year low of $92.15 and a 1-year high of $227.12. The stock has a market capitalization of $59.73 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 0.54 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19.

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, beating analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the firm earned $3.85 EPS. Royal Caribbean Cruises’s revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, analysts expect that Royal Caribbean Cruises will post 11.65 EPS for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now directly owns 9,964 shares of the company’s stock, valued at $2,077,593.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now directly owns 9,964 shares of the company’s stock, valued at $2,077,593.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the transaction, the director now directly owns 25,837 shares of the company’s stock, valued at $4,095,164.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,596 shares of company stock valued at $8,090,059 in the last three months. Corporate insiders own 7.95% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

A number of institutional investors have recently modified their holdings of RCL. Plato Investment Management Ltd acquired a new position in Royal Caribbean Cruises in the 3rd quarter worth about $26,000. Unique Wealth Strategies LLC acquired a new position in Royal Caribbean Cruises in the 2nd quarter worth about $27,000. Versant Capital Management Inc increased its holdings in Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 172 shares in the last quarter. DiNuzzo Private Wealth Inc. grew its position in shares of Royal Caribbean Cruises by 257.4% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after buying an additional 121 shares during the last quarter. Finally, AlphaMark Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 233.3% in the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds 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.