Mizuho Increases Royal Caribbean Cruises (NYSE:RCL) Price Target to $381.00

Royal Caribbean Cruises (NYSE:RCL) had its price objective upped by investment analysts at Mizuho from $378.00 to $381.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price objective would indicate a potential upside of 37.14% from the stock’s current price.

Other analysts have also recently issued reports about the company. UBS Group reduced their target price on Royal Caribbean Cruises from $353.00 to $304.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Citigroup reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a research report on Wednesday, January 14th. Susquehanna set a $350.00 target price on shares of Royal Caribbean Cruises and gave the stock a “positive” rating in a research note on Thursday, October 30th. Bank of America increased their price target on Royal Caribbean Cruises from $325.00 to $330.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Finally, Truist Financial lowered their target price on Royal Caribbean Cruises from $333.00 to $321.00 and set a “hold” rating on the stock in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $326.23.

Royal Caribbean Cruises Trading Up 2.9%

Royal Caribbean Cruises stock opened at $277.82 on Thursday. Royal Caribbean Cruises has a 52 week low of $164.01 and a 52 week high of $366.50. The stock has a 50-day simple moving average of $275.75 and a 200 day simple moving average of $305.73. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.14 and a current ratio of 0.16. The stock has a market capitalization of $75.76 billion, a P/E ratio of 18.68, a PEG ratio of 0.74 and a beta of 1.94.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.16 billion. During the same quarter in the previous year, the business posted $5.20 earnings per share. Royal Caribbean Cruises’s quarterly revenue was up 5.2% on a year-over-year basis. 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. Analysts expect that Royal Caribbean Cruises will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises declared that its board has initiated a stock repurchase plan on Wednesday, December 10th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $281.76, for a total transaction of $309,936.00. Following the completion of the sale, the director directly owned 14,234 shares in the company, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.95% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RCL. Capital International Investors raised its stake in Royal Caribbean Cruises by 0.9% during the 3rd quarter. Capital International Investors now owns 32,949,976 shares of the company’s stock valued at $10,662,989,000 after purchasing an additional 308,330 shares during the period. Vanguard Group Inc. raised its stake in shares of Royal Caribbean Cruises by 1.6% in the third quarter. Vanguard Group Inc. now owns 30,066,167 shares of the company’s stock valued at $9,728,810,000 after acquiring an additional 461,990 shares during the period. State Street Corp boosted its position in shares of Royal Caribbean Cruises by 0.8% during the third quarter. State Street Corp now owns 10,576,751 shares of the company’s stock valued at $3,433,052,000 after buying an additional 84,202 shares during the period. Geode Capital Management LLC grew its position in Royal Caribbean Cruises by 6.6% in the 2nd quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company’s stock valued at $2,079,877,000 after acquiring an additional 415,230 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Royal Caribbean Cruises by 9.4% during the 2nd quarter. Invesco Ltd. now owns 3,317,996 shares of the company’s stock valued at $1,038,997,000 after buying an additional 284,037 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

About Royal Caribbean Cruises

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel?agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.