Royal Caribbean Cruises (NYSE:RCL) Raised to Hold at StockNews.com

Royal Caribbean Cruises (NYSE:RCL) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

A number of other equities research analysts have also issued reports on RCL. Wells Fargo & Company upped their target price on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Stifel Nicolaus upped their target price on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, October 11th. Macquarie upped their target price on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Barclays upped their target price on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Tigress Financial upped their target price on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and an average target price of $224.38.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $241.62 on Tuesday. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The firm has a 50-day moving average of $205.42 and a two-hundred day moving average of $173.61. The stock has a market cap of $64.97 billion, a P/E ratio of 24.83, a PEG ratio of 0.63 and a beta of 2.59. Royal Caribbean Cruises has a 1-year low of $105.36 and a 1-year high of $245.91.

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, beating analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.85 EPS. On average, research analysts expect that Royal Caribbean Cruises will post 11.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total value of $53,732,600.00. Following the completion of the transaction, the director now directly owns 18,556,860 shares in the company, valued at $4,335,253,633.20. This trade represents a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Henry L. Pujol sold 6,723 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer now owns 9,964 shares of the company’s stock, valued at $2,077,593.64. This trade represents a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 404,332 shares of company stock worth $94,299,521. 7.95% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RCL. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Royal Caribbean Cruises by 19.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,821 shares of the company’s stock valued at $670,000 after acquiring an additional 779 shares in the last quarter. Bluefin Capital Management LLC bought a new stake in Royal Caribbean Cruises during the first quarter worth approximately $243,000. Atria Investments Inc bought a new stake in Royal Caribbean Cruises during the first quarter worth approximately $1,190,000. Cetera Investment Advisers boosted its holdings in Royal Caribbean Cruises by 162.4% during the first quarter. Cetera Investment Advisers now owns 48,241 shares of the company’s stock worth $6,706,000 after buying an additional 29,854 shares in the last quarter. Finally, Cetera Advisors LLC boosted its holdings in Royal Caribbean Cruises by 51.6% during the first quarter. Cetera Advisors LLC now owns 11,629 shares of the company’s stock worth $1,617,000 after buying an additional 3,958 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.

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.