Wells Fargo & Company Cuts Royal Caribbean Cruises (NYSE:RCL) Price Target to $316.00

Royal Caribbean Cruises (NYSE:RCL) had its target price reduced by Wells Fargo & Company from $320.00 to $316.00 in a research note published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts also recently commented on RCL. Barclays lowered their price target on shares of Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. JPMorgan Chase & Co. decreased their price target on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Mizuho reduced their price target on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a report on Monday, October 20th. William Blair restated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.09.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $265.95 on Monday. Royal Caribbean Cruises has a twelve month low of $164.01 and a twelve month high of $366.50. The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 1.67. The firm has a market cap of $72.53 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 0.80 and a beta of 1.91. The business has a 50-day moving average price of $287.20 and a 200-day moving average price of $303.41.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.68 by $0.07. The firm had revenue of $5.14 billion for 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 company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $5.20 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS and its Q4 2025 guidance at 2.740-2.790 EPS. As a group, equities research analysts predict that Royal Caribbean Cruises will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were issued a $1.00 dividend. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises’s payout ratio is 26.90%.

Insider Activity at Royal Caribbean Cruises

In other news, Director Maritza Gomez Montiel sold 1,100 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction of $309,936.00. Following the completion of 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 SEC, which can be accessed through this hyperlink. Insiders own 6.95% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

Institutional investors and hedge funds have recently made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises in the second quarter valued at $27,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Royal Caribbean Cruises during the second quarter worth $31,000. 1 North Wealth Services LLC purchased a new stake in shares of Royal Caribbean Cruises in the second quarter valued at about $31,000. Evolution Wealth Management Inc. purchased a new stake in Royal Caribbean Cruises in the 2nd quarter valued at approximately $31,000. Finally, Trust Co. of Toledo NA OH acquired a new position in Royal Caribbean Cruises during the second quarter worth $32,000. 87.53% of the stock is owned by institutional investors and hedge funds.

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.