Royal Caribbean Cruises (NYSE:RCL) Cut to Sell at StockNews.com

StockNews.com cut shares of Royal Caribbean Cruises (NYSE:RCL) from a hold rating to a sell rating in a research report released on Monday.

RCL has been the topic of several other research reports. Morgan Stanley upped their price objective on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an equal weight rating in a research report on Wednesday, August 7th. The Goldman Sachs Group upped their target price on Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a buy rating in a report on Wednesday, July 17th. Susquehanna raised their price target 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. Citigroup lifted their price objective on Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a buy rating in a report on Wednesday, June 26th. Finally, Tigress Financial raised their target price on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a buy rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Royal Caribbean Cruises presently has a consensus rating of Moderate Buy and a consensus target price of $182.31.

Royal Caribbean Cruises Trading Up 0.1 %

Shares of RCL opened at $168.55 on Monday. The company’s fifty day simple moving average is $160.14 and its 200-day simple moving average is $148.72. The company has a market cap of $43.38 billion, a P/E ratio of 21.72, a P/E/G ratio of 0.47 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 has a twelve month low of $78.35 and a twelve month high of $173.40.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the company posted $1.82 EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. As a group, analysts expect that Royal Caribbean Cruises will post 11.65 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 20.62%.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the sale, the director now owns 25,837 shares in the company, valued at $4,095,164.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the transaction, the director now owns 25,837 shares of the company’s stock, valued at $4,095,164.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the sale, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

A number of institutional investors and hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. increased its holdings in Royal Caribbean Cruises by 50.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock worth $37,000 after buying an additional 78 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of Royal Caribbean Cruises by 1.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,095 shares of the company’s stock valued at $1,291,000 after acquiring an additional 81 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Royal Caribbean Cruises by 38.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 293 shares of the company’s stock worth $47,000 after acquiring an additional 82 shares during the period. Parallel Advisors LLC raised its holdings in shares of Royal Caribbean Cruises by 3.9% during the second quarter. Parallel Advisors LLC now owns 2,213 shares of the company’s stock worth $353,000 after purchasing an additional 84 shares during the last quarter. Finally, Kowal Investment Group LLC lifted its position in Royal Caribbean Cruises by 4.0% during the first quarter. Kowal Investment Group LLC now owns 2,286 shares of the company’s stock valued at $318,000 after purchasing an additional 87 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.