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

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

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus raised their target price on Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a report on Friday, October 11th. JPMorgan Chase & Co. raised their price objective on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Mizuho upped their target price on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Barclays raised their price target on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley upped their price objective 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Royal Caribbean Cruises Stock Up 1.3 %

Shares of RCL opened at $234.67 on Monday. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. The firm has a market cap of $63.10 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 0.61 and a beta of 2.59. The company’s 50-day moving average price is $196.62 and its 200 day moving average price is $169.67. Royal Caribbean Cruises has a 12-month low of $102.77 and a 12-month high of $238.10.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data 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. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter last year, the company posted $3.85 EPS. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. On average, sell-side analysts forecast that Royal Caribbean Cruises will post 11.64 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. This represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Henry L. Pujol sold 6,723 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the sale, the chief accounting officer now directly owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. This represents a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,796 shares of company stock worth $7,170,759 in the last 90 days. Company insiders own 7.95% of the company’s stock.

Institutional Trading of Royal Caribbean Cruises

Hedge funds have recently made changes to their positions in the company. Plato Investment Management Ltd acquired a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC acquired a new stake in Royal Caribbean Cruises in the third quarter valued at $27,000. DiNuzzo Private Wealth Inc. lifted its holdings in Royal Caribbean Cruises by 257.4% in the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after acquiring an additional 121 shares during the period. Unique Wealth Strategies LLC purchased a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth $27,000. Finally, LRI Investments LLC acquired a new position in shares of Royal Caribbean Cruises during the 3rd quarter worth $31,000. Institutional investors and hedge funds 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.