Royal Caribbean Cruises (NYSE:RCL) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Royal Caribbean Cruises (NYSE:RCL) from a sell rating to a hold rating in a report issued on Tuesday morning.

Several other equities research analysts have also commented on RCL. JPMorgan Chase & Co. upped their price target on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an overweight rating in a research report on Monday, September 16th. Stifel Nicolaus increased their price target on shares of Royal Caribbean Cruises from $180.00 to $200.00 and gave the stock a buy rating in a research report on Friday, July 19th. Bank of America boosted their price objective on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a neutral rating in a research report on Tuesday, July 23rd. Truist Financial raised 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, Susquehanna boosted their price target on Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a positive rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of Moderate Buy and a consensus target price of $184.13.

Royal Caribbean Cruises Stock Down 2.9 %

RCL opened at $177.51 on Tuesday. The stock has a market capitalization of $45.68 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 0.50 and a beta of 2.61. The firm has a 50 day moving average price of $161.41 and a 200-day moving average price of $150.68. Royal Caribbean Cruises has a twelve month low of $78.35 and a twelve month high of $184.41. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 EPS. Equities research analysts forecast that Royal Caribbean Cruises will post 11.66 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

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

Insider Transactions at Royal Caribbean Cruises

In other news, CFO Naftali Holtz acquired 5,350 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $140.00 per share, with a total value of $749,000.00. Following the acquisition, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at $6,755,840. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the transaction, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Naftali Holtz acquired 5,350 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were bought at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the transaction, the chief financial officer now owns 48,256 shares of the company’s stock, valued at $6,755,840. The disclosure for this purchase can be found here. Insiders own 7.95% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

Several large investors have recently modified their holdings of RCL. Unique Wealth Strategies LLC bought a new position in Royal Caribbean Cruises during the 2nd quarter valued at about $27,000. Versant Capital Management Inc lifted its stake in shares of Royal Caribbean Cruises by 905.3% during the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 172 shares during the last quarter. Scarborough Advisors LLC bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $26,000. AlphaMark Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares during the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in Royal Caribbean Cruises during the 4th quarter valued at $30,000. 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.