Barclays Boosts Royal Caribbean Cruises (NYSE:RCL) Price Target to $165.00

Royal Caribbean Cruises (NYSE:RCL) had its target price increased by Barclays from $154.00 to $165.00 in a report issued on Friday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other brokerages have also recently commented on RCL. The Goldman Sachs Group reiterated a buy rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Morgan Stanley raised their target price on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an equal weight rating in a research note on Wednesday, February 7th. Wells Fargo & Company raised their target price on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an overweight rating in a research note on Monday, February 26th. Macquarie raised their target price on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an outperform rating in a research note on Friday, March 15th. Finally, Mizuho initiated coverage on shares of Royal Caribbean Cruises in a research note on Wednesday, April 17th. They set a buy rating and a $164.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $138.76.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $140.59 on Friday. The stock has a market cap of $36.09 billion, a P/E ratio of 18.12, a P/E/G ratio of 0.46 and a beta of 2.52. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. The company has a fifty day moving average price of $130.20 and a two-hundred day moving average price of $117.47. Royal Caribbean Cruises has a one year low of $59.38 and a one year high of $141.70.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The company’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.23) earnings per share. As a group, equities analysts predict that Royal Caribbean Cruises will post 10.8 EPS for the current year.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the transaction, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the sale, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the sale, the chief executive officer now directly owns 166,537 shares in the company, valued at $19,319,957.37. The disclosure for this sale can be found here. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several hedge funds and other institutional investors have recently made changes to their positions in RCL. State of Alaska Department of Revenue grew its holdings in shares of Royal Caribbean Cruises by 2.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 28,010 shares of the company’s stock valued at $2,580,000 after purchasing an additional 750 shares during the last quarter. Oak Thistle LLC acquired a new stake in Royal Caribbean Cruises during the 3rd quarter worth approximately $688,000. Czech National Bank boosted its position in Royal Caribbean Cruises by 58.2% during the 3rd quarter. Czech National Bank now owns 41,191 shares of the company’s stock worth $3,795,000 after buying an additional 15,158 shares during the period. Asset Management One Co. Ltd. boosted its position in Royal Caribbean Cruises by 2.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 104,442 shares of the company’s stock worth $9,623,000 after buying an additional 2,907 shares during the period. Finally, Simplicity Solutions LLC boosted its position in Royal Caribbean Cruises by 1.6% during the 3rd quarter. Simplicity Solutions LLC now owns 22,764 shares of the company’s stock worth $2,097,000 after buying an additional 350 shares during the period. 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.