Royal Caribbean Cruises (NYSE:RCL) PT Raised to $159.00 at Wells Fargo & Company

Royal Caribbean Cruises (NYSE:RCL) had its price objective lifted by equities research analysts at Wells Fargo & Company from $153.00 to $159.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 13.09% from the company’s current price.

RCL has been the topic of several other research reports. Stifel Nicolaus lifted their price target on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Susquehanna lifted their price target on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Friday. Barclays lifted their price target on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday. Mizuho lifted their price target on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Macquarie lifted their price objective on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $138.76.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $140.59 on Friday. Royal Caribbean Cruises has a 12 month low of $59.38 and a 12 month high of $141.70. The stock has a market cap of $36.09 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 0.46 and a beta of 2.52. The stock’s 50 day moving average price is $130.20 and its 200 day moving average price is $117.67. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.44. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.23) earnings per share. Equities research analysts anticipate that Royal Caribbean Cruises will post 10.8 earnings per share for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In related news, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction on Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the sale, the chief executive officer now owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction on Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the sale, the chief executive officer now owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The disclosure for this sale can be found here. 8.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BKM Wealth Management LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth $26,000. Scarborough Advisors LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth $26,000. Creekmur Asset Management LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth $33,000. Finally, West Branch Capital LLC lifted its position in Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

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.