Susquehanna Boosts Royal Caribbean Cruises (NYSE:RCL) Price Target to $160.00

Royal Caribbean Cruises (NYSE:RCL) had its target price lifted by equities research analysts at Susquehanna from $150.00 to $160.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s price objective indicates a potential upside of 15.00% from the stock’s current price.

Several other brokerages have also recently commented on RCL. Morgan Stanley boosted their target price on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Barclays boosted their target price on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Macquarie boosted their target price on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus price target of $138.18.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock traded up $1.66 during midday trading on Friday, hitting $139.13. The company’s stock had a trading volume of 832,176 shares, compared to its average volume of 2,758,702. Royal Caribbean Cruises has a 1-year low of $59.38 and a 1-year high of $141.70. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16. The company has a 50-day moving average price of $129.71 and a two-hundred day moving average price of $117.11. The company has a market cap of $35.71 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 0.50 and a beta of 2.52.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the company earned ($0.23) EPS. The business’s revenue was up 29.2% on a year-over-year basis. As a group, sell-side analysts predict that Royal Caribbean Cruises will post 10.06 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

A number of institutional investors have recently modified their holdings of RCL. BKM Wealth Management LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter worth $26,000. Scarborough Advisors LLC purchased a new stake in Royal Caribbean Cruises during the fourth quarter valued at about $26,000. ST Germain D J Co. Inc. boosted its position in Royal Caribbean Cruises by 65.0% during the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock valued at $30,000 after buying an additional 130 shares during the period. Creekmur Asset Management LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $30,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $33,000. 87.53% of the stock is owned by institutional investors.

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.