Royal Caribbean Cruises Ltd. (NYSE:RCL) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) have earned a consensus rating of “Moderate Buy” from the twenty-one research firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $284.65.

RCL has been the topic of several research reports. Macquarie lowered their price target on shares of Royal Caribbean Cruises from $300.00 to $265.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Loop Capital reiterated a “buy” rating and set a $290.00 target price (up previously from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. Susquehanna cut their price target on Royal Caribbean Cruises from $295.00 to $275.00 and set a “positive” rating for the company in a report on Wednesday, April 30th. Wall Street Zen lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Saturday, June 28th. Finally, Morgan Stanley boosted their target price on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the transaction, the director owned 165,421 shares of the company’s stock, valued at $41,868,055.10. This trade represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.95% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Royal Caribbean Cruises

A number of large investors have recently bought and sold shares of the stock. Dorsey & Whitney Trust CO LLC raised its stake in Royal Caribbean Cruises by 2.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,036 shares of the company’s stock worth $470,000 after purchasing an additional 39 shares during the period. Ostrum Asset Management raised its stake in shares of Royal Caribbean Cruises by 0.3% in the 4th quarter. Ostrum Asset Management now owns 11,610 shares of the company’s stock valued at $2,678,000 after acquiring an additional 40 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Royal Caribbean Cruises by 1.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,730 shares of the company’s stock valued at $630,000 after acquiring an additional 42 shares during the period. Okabena Investment Services Inc. raised its stake in shares of Royal Caribbean Cruises by 0.9% in the 1st quarter. Okabena Investment Services Inc. now owns 4,996 shares of the company’s stock valued at $1,026,000 after acquiring an additional 44 shares during the period. Finally, CWM LLC raised its stake in shares of Royal Caribbean Cruises by 0.4% in the 1st quarter. CWM LLC now owns 12,816 shares of the company’s stock valued at $2,633,000 after acquiring an additional 45 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $328.55 on Thursday. The stock has a fifty day moving average price of $263.32 and a 200 day moving average price of $239.64. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.15 and a current ratio of 0.18. The stock has a market cap of $89.22 billion, a PE ratio of 27.29, a P/E/G ratio of 0.99 and a beta of 2.17. Royal Caribbean Cruises has a 1 year low of $130.08 and a 1 year high of $336.63.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.18. Royal Caribbean Cruises had a return on equity of 47.89% and a net margin of 19.38%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the previous year, the company posted $1.77 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Sell-side analysts forecast that Royal Caribbean Cruises will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.91%. Royal Caribbean Cruises’s dividend payout ratio is currently 24.92%.

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.