Royal Caribbean Cruises Ltd. (NYSE:RCL) CAO Sells $1,404,391.12 in Stock

Royal Caribbean Cruises Ltd. (NYSE:RCL) CAO Henry L. Pujol sold 9,944 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now owns 16,687 shares of the company’s stock, valued at $2,356,705.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Royal Caribbean Cruises Stock Up 0.6 %

RCL opened at $138.21 on Friday. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19. The stock has a fifty day moving average of $132.31 and a 200-day moving average of $119.25. Royal Caribbean Cruises Ltd. has a fifty-two week low of $70.58 and a fifty-two week high of $143.62. The company has a market capitalization of $35.57 billion, a P/E ratio of 17.81, a P/E/G ratio of 0.45 and a beta of 2.49.

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 14.28% and a return on equity of 51.54%. 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. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post 11.13 EPS for the current year.

Institutional Investors Weigh In On Royal Caribbean Cruises

A number of large investors have recently added to or reduced their stakes in RCL. BKM Wealth Management LLC acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at $26,000. Scarborough Advisors LLC acquired a new position in Royal Caribbean Cruises in the fourth quarter valued at about $26,000. Creekmur Asset Management LLC bought a new stake in Royal Caribbean Cruises during the fourth quarter worth about $30,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises during the fourth quarter worth about $33,000. Finally, Hanseatic Management Services Inc. acquired a new stake in Royal Caribbean Cruises during the third quarter worth about $36,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on RCL shares. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Morgan Stanley boosted 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. Susquehanna raised their target price 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, April 26th. Stifel Nicolaus boosted their price target on Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, UBS Group upped their price objective 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. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.71.

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.