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 published on Thursday.

RCL has been the topic of several other reports. Bank of America lifted their price objective on Royal Caribbean Cruises from $205.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Mizuho upped their price objective on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Wells Fargo & Company increased their price objective on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Finally, The Goldman Sachs Group lifted their price objective on Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.00.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock traded up $4.99 on Thursday, hitting $225.51. The company had a trading volume of 891,337 shares, compared to its average volume of 2,385,597. Royal Caribbean Cruises has a twelve month low of $92.15 and a twelve month high of $228.08. The firm has a market cap of $60.64 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 0.60 and a beta of 2.59. The company has a 50-day moving average price of $183.91 and a 200-day moving average price of $163.56. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating 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 company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the business earned $3.85 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. As a group, equities research analysts predict that Royal Caribbean Cruises will post 11.65 earnings per share for the current fiscal year.

Insider Activity

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction that occurred 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the sale, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard D. Fain sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the transaction, the director now owns 204,521 shares of the company’s stock, valued at $42,953,500.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,596 shares of company stock valued at $8,090,059. 7.95% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several hedge funds and other institutional investors have recently made changes to their positions in RCL. FSM Wealth Advisors LLC boosted its stake in Royal Caribbean Cruises by 3.2% in the third quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock valued at $290,000 after acquiring an additional 51 shares in the last quarter. Venturi Wealth Management LLC raised its position in Royal Caribbean Cruises by 20.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 353 shares of the company’s stock worth $63,000 after buying an additional 61 shares during the last quarter. Venture Visionary Partners LLC raised its holdings in Royal Caribbean Cruises by 4.8% during the third quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company’s stock worth $242,000 after purchasing an additional 62 shares in the last quarter. Empower Advisory Group LLC increased its position in Royal Caribbean Cruises by 3.7% during the 3rd quarter. Empower Advisory Group LLC now owns 1,755 shares of the company’s stock worth $311,000 after purchasing an additional 63 shares during the period. Finally, Ipswich Investment Management Co. Inc. raised its stake in shares of Royal Caribbean Cruises by 3.3% during the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 2,201 shares of the company’s stock worth $390,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

About Royal Caribbean Cruises

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.