Royal Caribbean Cruises Ltd. (NYSE:RCL) Receives $155.07 Consensus PT from Brokerages

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) have been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $161.13.

A number of brokerages have recently commented on RCL. Wells Fargo & Company upped their price target on Royal Caribbean Cruises from $159.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Bank of America lifted their price target on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Citigroup upped their price objective on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday. Truist Financial lifted their target price on Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st.

Royal Caribbean Cruises Price Performance

Shares of RCL stock opened at $160.21 on Friday. The firm’s 50 day moving average price is $146.13 and its two-hundred day moving average price is $133.12. The stock has a market cap of $41.23 billion, a PE ratio of 20.65, a PEG ratio of 0.48 and a beta of 2.56. Royal Caribbean Cruises has a 52-week low of $78.35 and a 52-week high of $161.69. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.44. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The firm’s revenue was up 29.2% on a year-over-year basis. During the same period last year, the company earned ($0.23) EPS. As a group, analysts forecast that Royal Caribbean Cruises will post 11.1 EPS for the current year.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,584 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the transaction, the director now directly owns 179,117 shares in the company, valued at $27,576,853.32. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Michael W. Bayley sold 24,201 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $140.21, for a total value of $3,393,222.21. Following the completion of the sale, the chief executive officer now directly owns 98,850 shares of the company’s stock, valued at $13,859,758.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard D. Fain sold 19,584 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $153.96, for a total value of $3,015,152.64. Following the transaction, the director now owns 179,117 shares of the company’s stock, valued at $27,576,853.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,884 shares of company stock valued at $22,052,985. 7.95% of the stock is owned by insiders.

Hedge Funds Weigh In On Royal Caribbean Cruises

Several institutional investors and hedge funds have recently modified their holdings of the stock. BKM Wealth Management LLC bought a new position in Royal Caribbean Cruises in the 4th quarter valued at about $26,000. Scarborough Advisors LLC acquired a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $26,000. Creekmur Asset Management LLC bought a new stake in Royal Caribbean Cruises in the 4th quarter valued at $30,000. Turtle Creek Wealth Advisors LLC bought a new stake in Royal Caribbean Cruises in the 4th quarter valued at $33,000. Finally, West Branch Capital LLC grew its holdings in Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after buying an additional 100 shares in the last quarter. 87.53% of the stock is currently 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.