Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Get Free Report) have received a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $214.00.
RCL has been the subject of several recent research reports. Morgan Stanley boosted their price target on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Susquehanna increased their price target on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, July 30th. Stifel Nicolaus lifted their price objective on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. StockNews.com downgraded shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Citigroup upped their price target on Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a “buy” rating in a research report on Wednesday.
Get Our Latest Analysis on RCL
Insider Buying and Selling at Royal Caribbean Cruises
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Blair William & Co. IL lifted its holdings in Royal Caribbean Cruises by 37.4% in the first quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock valued at $14,197,000 after acquiring an additional 27,819 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Royal Caribbean Cruises by 2.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock valued at $51,349,000 after acquiring an additional 7,298 shares during the period. QRG Capital Management Inc. boosted its position in shares of Royal Caribbean Cruises by 17.2% during the 2nd quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock worth $6,156,000 after purchasing an additional 5,655 shares during the period. New Wave Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises in the 2nd quarter valued at approximately $611,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Royal Caribbean Cruises by 8.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,575 shares of the company’s stock valued at $6,310,000 after purchasing an additional 2,640 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.
Royal Caribbean Cruises Trading Down 0.8 %
Shares of NYSE RCL opened at $208.34 on Friday. Royal Caribbean Cruises has a twelve month low of $83.25 and a twelve month high of $214.12. The firm has a market cap of $53.62 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 0.58 and a beta of 2.61. The business has a fifty day simple moving average of $179.29 and a two-hundred day simple moving average of $160.68. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20.
Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter last year, the firm posted $3.85 EPS. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. Analysts expect that Royal Caribbean Cruises will post 11.61 earnings per share for the current fiscal 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.
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