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

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

Other research analysts have also recently issued research reports about the stock. Mizuho initiated coverage on shares of Royal Caribbean Cruises in a report on Wednesday, April 17th. They issued a buy rating and a $164.00 target price on the stock. The Goldman Sachs Group reiterated a buy rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Susquehanna boosted their price target on Royal Caribbean Cruises from $120.00 to $150.00 and gave the company a positive rating in a report on Wednesday, January 31st. UBS Group increased their price objective on Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a buy rating in a report on Friday, February 16th. Finally, Stifel Nicolaus lifted their price objective 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. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Royal Caribbean Cruises has a consensus rating of Moderate Buy and an average target price of $138.76.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $143.35 on Friday. The company’s fifty day moving average is $130.74 and its 200 day moving average is $118.25. 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 has a 52 week low of $65.10 and a 52 week high of $143.62. The stock has a market cap of $36.89 billion, a PE ratio of 18.47, a PEG ratio of 0.47 and a beta of 2.52.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the company posted ($0.23) EPS. Royal Caribbean Cruises’s revenue for the quarter was up 29.2% on a year-over-year basis. Research analysts anticipate that Royal Caribbean Cruises will post 10.8 earnings per share 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 value of $1,363,465.53. Following the sale, the chief executive officer now owns 166,537 shares in the company, valued at $19,319,957.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was 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 $19,319,957.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction on 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 owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The disclosure for this sale can be found here. 8.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kowal Investment Group LLC increased 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 valued at $318,000 after acquiring an additional 87 shares in the last quarter. West Branch Capital LLC raised its stake in shares of Royal Caribbean Cruises by 50.0% in the fourth 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 last quarter. Toth Financial Advisory Corp raised its stake in shares of Royal Caribbean Cruises by 24.6% in the fourth quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock worth $66,000 after purchasing an additional 100 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Royal Caribbean Cruises by 11.6% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,026 shares of the company’s stock valued at $143,000 after purchasing an additional 107 shares in the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of Royal Caribbean Cruises by 2.7% during the first 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 last quarter. Institutional investors own 87.53% of the company’s stock.

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.