Royal Caribbean Cruises (NYSE:RCL) Price Target Increased to $159.00 by Analysts at Wells Fargo & Company

Royal Caribbean Cruises (NYSE:RCL) had its price objective upped by Wells Fargo & Company from $153.00 to $159.00 in a research note issued to investors on Friday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Morgan Stanley raised their price objective 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. Barclays boosted their price objective on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an overweight rating in a report on Friday. Mizuho increased their target price on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a buy rating in a research note on Friday. UBS Group boosted their price target on Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a buy rating in a research note on Friday, February 16th. Finally, Macquarie raised their price objective on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an outperform rating in a research report on Friday, March 15th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $138.76.

Royal Caribbean Cruises Stock Up 2.0 %

RCL stock opened at $143.35 on Friday. The stock has a market capitalization of $36.89 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 0.47 and a beta of 2.52. The company has a 50-day moving average of $130.74 and a two-hundred day moving average of $118.25. Royal Caribbean Cruises has a 52-week low of $65.10 and a 52-week high of $143.62. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16.

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

Insider Activity at Royal Caribbean Cruises

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

Institutional Investors Weigh In On Royal Caribbean Cruises

A number of hedge funds have recently added to or reduced their stakes in RCL. Kowal Investment Group LLC lifted its position in shares of Royal Caribbean Cruises by 4.0% during the first quarter. Kowal Investment Group LLC now owns 2,286 shares of the company’s stock worth $318,000 after purchasing an additional 87 shares in the last quarter. West Branch Capital LLC lifted its holdings in Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after buying an additional 100 shares in the last quarter. Toth Financial Advisory Corp boosted its position in Royal Caribbean Cruises by 24.6% in the 4th quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock valued at $66,000 after buying an additional 100 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Royal Caribbean Cruises by 11.6% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,026 shares of the company’s stock valued at $143,000 after buying an additional 107 shares during the last quarter. Finally, Ballentine Partners LLC increased its stake in shares of Royal Caribbean Cruises by 2.7% in the 1st quarter. Ballentine Partners LLC now owns 4,304 shares of the company’s stock valued at $598,000 after buying an additional 115 shares during the period. Institutional investors 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.