Royal Caribbean Cruises (NYSE:RCL) Downgraded to “Sell” at StockNews.com

Royal Caribbean Cruises (NYSE:RCL) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

Several other research firms have also recently weighed in on RCL. Argus increased their price objective on Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Mizuho lifted their price target on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Truist Financial upped their price objective on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Macquarie lifted their target price on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Finally, Barclays increased their price target on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $182.31.

Royal Caribbean Cruises Trading Up 1.1 %

Shares of Royal Caribbean Cruises stock traded up $1.82 on Monday, hitting $169.78. The stock had a trading volume of 2,078,241 shares, compared to its average volume of 2,502,338. The stock’s 50-day simple moving average is $159.92 and its two-hundred day simple moving average is $148.27. Royal Caribbean Cruises has a one year low of $78.35 and a one year high of $173.40. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. The stock has a market cap of $43.69 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 0.47 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.82 earnings per share. As a group, sell-side analysts predict that Royal Caribbean Cruises will post 11.65 EPS for the current year.

Insider Buying and Selling

In other news, CFO Naftali Holtz acquired 5,350 shares of Royal Caribbean Cruises stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the purchase, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the transaction, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Naftali Holtz acquired 5,350 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the transaction, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at $6,755,840. The disclosure for this purchase can be found here. 7.95% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Royal Caribbean Cruises

Hedge funds have recently bought and sold shares of the business. Scarborough Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at about $26,000. Unique Wealth Strategies LLC purchased a new stake in Royal Caribbean Cruises in the second quarter worth approximately $27,000. Creekmur Asset Management LLC bought a new stake in Royal Caribbean Cruises in the 4th quarter worth approximately $30,000. Versant Capital Management Inc grew its position in Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 172 shares during the period. Finally, AlphaMark Advisors LLC raised its stake in Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after buying an additional 140 shares during the last quarter. 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.