Royal Caribbean Cruises (NYSE:RCL) Stock Price Expected to Rise, Macquarie Analyst Says

Royal Caribbean Cruises (NYSE:RCL) had its price objective increased by Macquarie from $189.00 to $250.00 in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages also recently commented on RCL. Morgan Stanley raised their target price on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Stifel Nicolaus raised their price objective on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, October 11th. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. The Goldman Sachs Group raised their price objective on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Susquehanna lifted their price target on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus price target of $214.00.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $202.06 on Wednesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.17 and a current ratio of 0.19. The company has a market capitalization of $54.33 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 0.61 and a beta of 2.61. The company’s 50 day simple moving average is $181.04 and its 200 day simple moving average is $161.52. Royal Caribbean Cruises has a 1 year low of $86.75 and a 1 year high of $214.12.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. Royal Caribbean Cruises’s revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.85 earnings per share. On average, sell-side analysts predict that Royal Caribbean Cruises will post 11.6 EPS for the current year.

Insider Activity at Royal Caribbean Cruises

In related news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the sale, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the sale, the chief accounting officer now directly owns 9,964 shares in the company, valued at approximately $2,077,593.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the sale, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,596 shares of company stock worth $8,090,059 in the last ninety days. 7.95% of the stock is owned by insiders.

Institutional Trading of Royal Caribbean Cruises

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lindbrook Capital LLC raised its position in shares of Royal Caribbean Cruises by 11.8% during the 3rd quarter. Lindbrook Capital LLC now owns 1,206 shares of the company’s stock worth $214,000 after buying an additional 127 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Royal Caribbean Cruises in the 3rd quarter worth approximately $549,000. Hollencrest Capital Management acquired a new position in shares of Royal Caribbean Cruises in the 3rd quarter worth approximately $130,000. Capital Performance Advisors LLP acquired a new position in shares of Royal Caribbean Cruises in the 3rd quarter worth approximately $61,000. Finally, Hanseatic Management Services Inc. grew its stake in shares of Royal Caribbean Cruises by 23.4% in the 3rd quarter. Hanseatic Management Services Inc. now owns 491 shares of the company’s stock worth $87,000 after purchasing an additional 93 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

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.