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

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

A number of other brokerages also recently issued reports on RCL. Susquehanna boosted their price objective on Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, July 30th. UBS Group increased their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price objective on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Barclays increased their target price on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their price target on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.38.

Royal Caribbean Cruises Trading Up 1.7 %

Shares of RCL stock traded up $4.11 on Tuesday, hitting $244.50. The company had a trading volume of 1,615,252 shares, compared to its average volume of 2,356,407. Royal Caribbean Cruises has a twelve month low of $103.99 and a twelve month high of $245.91. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The firm has a market cap of $65.74 billion, a P/E ratio of 25.13, a P/E/G ratio of 0.64 and a beta of 2.59. The stock’s 50-day moving average is $203.96 and its two-hundred day moving average is $173.13.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the business earned $3.85 EPS. The company’s revenue was up 17.5% compared to the same quarter last year. On average, equities research analysts anticipate that Royal Caribbean Cruises will post 11.64 earnings per share for the current fiscal year.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total value of $53,732,600.00. Following the completion of the sale, the director now owns 18,556,860 shares of the company’s stock, valued at approximately $4,335,253,633.20. This trade represents a 1.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the sale, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 407,405 shares of company stock worth $94,817,966 in the last quarter. Insiders own 7.95% of the company’s stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

Institutional investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. lifted its holdings in Royal Caribbean Cruises by 19.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,821 shares of the company’s stock worth $670,000 after purchasing an additional 779 shares in the last quarter. Bluefin Capital Management LLC purchased a new position in Royal Caribbean Cruises during the first quarter valued at approximately $243,000. Atria Investments Inc purchased a new stake in Royal Caribbean Cruises in the 1st quarter worth approximately $1,190,000. Cetera Investment Advisers boosted its holdings in Royal Caribbean Cruises by 162.4% in the 1st quarter. Cetera Investment Advisers now owns 48,241 shares of the company’s stock valued at $6,706,000 after purchasing an additional 29,854 shares during the period. Finally, Cetera Advisors LLC grew its position in shares of Royal Caribbean Cruises by 51.6% during the 1st quarter. Cetera Advisors LLC now owns 11,629 shares of the company’s stock valued at $1,617,000 after purchasing an additional 3,958 shares in the last quarter. Hedge funds and other institutional investors 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.