Royal Caribbean Cruises Ltd. (NYSE:RCL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) have been assigned an average rating of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $274.19.

RCL has been the topic of a number of research analyst reports. Barclays boosted their target price on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Wells Fargo & Company increased their price objective on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Citigroup boosted their target price on Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. increased their price target on Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Sanford C. Bernstein started coverage on Royal Caribbean Cruises in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 price objective on the stock.

Royal Caribbean Cruises Stock Performance

RCL stock opened at $266.48 on Monday. The company has a quick ratio of 0.16, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. The firm has a market cap of $71.65 billion, a PE ratio of 24.93, a P/E/G ratio of 0.55 and a beta of 2.59. The business has a 50 day moving average of $240.36 and a 200-day moving average of $202.10. Royal Caribbean Cruises has a 12-month low of $113.10 and a 12-month high of $277.08.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm posted $1.25 earnings per share. As a group, sell-side analysts expect that Royal Caribbean Cruises will post 15 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were given a $0.55 dividend. The ex-dividend date was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.83%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.58%.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the completion of the sale, the director now directly owns 18,556,860 shares in the company, valued at $4,335,253,633.20. The trade was a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the transaction, the executive vice president now directly owns 22,348 shares in the company, valued at $5,243,287.76. The trade was a 12.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 372,609 shares of company stock valued at $87,647,208. Company insiders own 7.95% of the company’s stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in shares of 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 buying an additional 406,048 shares in the last quarter. AustralianSuper Pty Ltd grew its position in Royal Caribbean Cruises by 2,042.8% during the fourth quarter. AustralianSuper Pty Ltd now owns 122,887 shares of the company’s stock valued at $28,349,000 after acquiring an additional 117,152 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Royal Caribbean Cruises by 138.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock worth $28,703,000 after acquiring an additional 93,899 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at $14,544,000. Finally, Dakota Wealth Management grew its holdings in shares of Royal Caribbean Cruises by 3,935.2% during the 3rd quarter. Dakota Wealth Management now owns 76,871 shares of the company’s stock valued at $13,635,000 after purchasing an additional 74,966 shares during the last quarter. 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.