Royal Caribbean Cruises (NYSE:RCL) Earns Outperform Rating from Analysts at Sanford C. Bernstein

Equities researchers at Sanford C. Bernstein started coverage on shares of Royal Caribbean Cruises (NYSE:RCL) in a report released on Tuesday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $290.00 price target on the stock. Sanford C. Bernstein’s price target points to a potential upside of 20.02% from the company’s previous close.

Several other research firms have also recently weighed in on RCL. Stifel Nicolaus raised their price objective on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Macquarie boosted their price objective on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley increased their price objective on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. UBS Group boosted their target price on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, StockNews.com cut Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $224.38.

Royal Caribbean Cruises Stock Down 1.2 %

Shares of RCL opened at $241.62 on Tuesday. The company has a market capitalization 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 one year low of $105.36 and a one year high of $245.91. The business’s 50 day simple moving average is $205.42 and its 200-day simple moving average is $173.61. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.85 earnings per share. As a group, sell-side analysts predict that Royal Caribbean Cruises will post 11.64 EPS for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the sale, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the sale, the director now owns 18,167,507 shares in the company, valued at $4,321,868,240.23. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 404,332 shares of company stock valued at $94,299,521. Corporate insiders own 7.95% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Plato Investment Management Ltd bought a new stake in Royal Caribbean Cruises in the 3rd quarter valued at $26,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Royal Caribbean Cruises during the third quarter worth $27,000. DiNuzzo Private Wealth Inc. boosted its position in shares of Royal Caribbean Cruises by 257.4% in the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after acquiring an additional 121 shares during the period. Unique Wealth Strategies LLC acquired a new position in shares of Royal Caribbean Cruises in the second quarter valued at about $27,000. Finally, LRI Investments LLC bought a new position in Royal Caribbean Cruises during the third quarter worth about $31,000. 87.53% of the stock is 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.