Royal Caribbean Cruises (NYSE:RCL) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Royal Caribbean Cruises (NYSE:RCL) in a research report released on Tuesday,Benzinga reports. The brokerage issued an overweight rating and a $320.00 target price on the stock.

A number of other equities research analysts have also recently weighed in on RCL. Royal Bank Of Canada set a $360.00 price target on Royal Caribbean Cruises in a report on Friday, October 31st. Tigress Financial boosted their target price on Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Truist Financial dropped their price target on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating for the company in a research report on Friday, September 19th. TD Cowen began coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They issued a “buy” rating and a $405.00 price objective on the stock. Finally, William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $326.82.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $252.89 on Tuesday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.21 and a current ratio of 0.16. Royal Caribbean Cruises has a one year low of $164.01 and a one year high of $366.50. The firm has a market capitalization of $68.97 billion, a P/E ratio of 17.01, a PEG ratio of 0.84 and a beta of 2.04. The company’s fifty day moving average is $298.64 and its two-hundred day moving average is $301.41.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, beating the consensus estimate of $5.68 by $0.07. The firm had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $5.20 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. Analysts forecast that Royal Caribbean Cruises will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a yield of 1.6%. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 26.90%.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $281.76, for a total value of $309,936.00. Following the transaction, the director directly owned 14,234 shares in the company, valued at approximately $4,010,571.84. This represents a 7.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.95% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

A number of institutional investors have recently modified their holdings of RCL. Frazier Financial Advisors LLC boosted its position in Royal Caribbean Cruises by 27.1% during the second quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock worth $43,000 after acquiring an additional 29 shares during the last quarter. Prosperity Financial Group Inc. lifted its stake in shares of Royal Caribbean Cruises by 0.5% during the 2nd quarter. Prosperity Financial Group Inc. now owns 6,936 shares of the company’s stock worth $2,172,000 after purchasing an additional 32 shares during the period. Westside Investment Management Inc. boosted its holdings in shares of Royal Caribbean Cruises by 29.1% during the second quarter. Westside Investment Management Inc. now owns 142 shares of the company’s stock worth $45,000 after purchasing an additional 32 shares during the last quarter. CX Institutional grew its position in shares of Royal Caribbean Cruises by 1.4% in the second quarter. CX Institutional now owns 2,423 shares of the company’s stock valued at $759,000 after purchasing an additional 34 shares during the period. Finally, Versant Capital Management Inc increased its stake in Royal Caribbean Cruises by 6.4% in the third quarter. Versant Capital Management Inc now owns 562 shares of the company’s stock valued at $182,000 after purchasing an additional 34 shares during the last quarter. 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.