Royal Caribbean Cruises (NYSE:RCL) PT Raised to $168.00

Royal Caribbean Cruises (NYSE:RCL) had its price target increased by Mizuho from $164.00 to $168.00 in a research report released on Friday, Benzinga reports. They currently have a buy rating on the stock.

RCL has been the subject of a number of other research reports. Macquarie lifted 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. Barclays boosted their price objective on Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an overweight rating in a research note on Friday. Stifel Nicolaus raised their target price on Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a buy rating in a research note on Thursday, February 22nd. The Goldman Sachs Group reissued a buy rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Finally, Susquehanna lifted their price objective on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a positive rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $138.76.

Royal Caribbean Cruises Stock Up 2.0 %

Shares of NYSE:RCL opened at $143.35 on Friday. The business has a fifty day simple moving average of $130.74 and a 200 day simple moving average of $118.25. Royal Caribbean Cruises has a 12-month low of $65.10 and a 12-month high of $143.62. The firm has a market cap of $36.89 billion, a P/E ratio of 18.47, a P/E/G ratio of 0.47 and a beta of 2.52. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.23) earnings per share. Analysts predict that Royal Caribbean Cruises will post 10.8 earnings per share for the current year.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 153,017 shares in the company, valued at approximately $21,365,763.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Royal Caribbean Cruises 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 completion of the sale, the chief executive officer now directly owns 153,017 shares in the company, valued at $21,365,763.71. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael W. Bayley sold 11,753 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the transaction, 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 owned by insiders.

Hedge Funds Weigh In On Royal Caribbean Cruises

A number of large investors have recently added to or reduced their stakes in the business. BKM Wealth Management LLC purchased a new stake in Royal Caribbean Cruises during the fourth quarter valued at about $26,000. Scarborough Advisors LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $26,000. Creekmur Asset Management LLC purchased a new stake in Royal Caribbean Cruises during the 4th quarter valued at about $30,000. Turtle Creek Wealth Advisors LLC bought a new position in Royal Caribbean Cruises during the 4th quarter worth approximately $33,000. Finally, West Branch Capital LLC increased its stake in Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 100 shares during the period. Hedge funds and other 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.