Royal Caribbean Cruises Ltd. (NYSE:RCL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Royal Caribbean Cruises Ltd. (NYSE:RCL) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $141.71.

A number of equities analysts have weighed in on RCL shares. Stifel Nicolaus upped their price objective on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. UBS Group upped their price objective on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Macquarie raised their price target 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 boosted their price target on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, April 26th.

Insider Transactions at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 9,944 shares of Royal Caribbean Cruises 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 sale, the chief accounting officer now owns 16,687 shares in the company, valued at approximately $2,356,705.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the sale, the chief accounting officer now directly owns 16,687 shares in the company, valued at $2,356,705.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael W. Bayley sold 11,753 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,697 shares of company stock worth $9,749,357. 8.70% of the stock is currently owned by insiders.

Institutional Trading of Royal Caribbean Cruises

Several hedge funds have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. grew its stake in Royal Caribbean Cruises by 303.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 89,930 shares of the company’s stock worth $8,286,000 after purchasing an additional 67,657 shares in the last quarter. Raymond James & Associates grew its stake in Royal Caribbean Cruises by 11.7% during the 3rd quarter. Raymond James & Associates now owns 77,250 shares of the company’s stock worth $7,118,000 after purchasing an additional 8,093 shares in the last quarter. Independent Advisor Alliance grew its stake in Royal Caribbean Cruises by 16.0% during the 3rd quarter. Independent Advisor Alliance now owns 8,224 shares of the company’s stock worth $758,000 after purchasing an additional 1,132 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Royal Caribbean Cruises by 0.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,533,566 shares of the company’s stock worth $141,303,000 after purchasing an additional 10,095 shares in the last quarter. Finally, Forsta AP Fonden grew its stake in Royal Caribbean Cruises by 65.9% during the 3rd quarter. Forsta AP Fonden now owns 14,100 shares of the company’s stock worth $1,299,000 after purchasing an additional 5,600 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Performance

RCL opened at $138.21 on Friday. 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 firm has a fifty day moving average price of $131.98 and a 200 day moving average price of $118.89. Royal Caribbean Cruises has a 1 year low of $70.58 and a 1 year high of $143.62. The stock has a market cap 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 posted its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. The company 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 firm’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.23) earnings per share. Equities research analysts anticipate that Royal Caribbean Cruises will post 11.13 earnings per share for the current year.

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.