Royal Caribbean Cruises (NYSE:RCL) PT Raised to $160.00 at Susquehanna

Royal Caribbean Cruises (NYSE:RCL) had its target price upped by Susquehanna from $150.00 to $160.00 in a report issued on Friday morning, Benzinga reports. They currently have a positive rating on the stock.

Other analysts have also issued research reports about the stock. Wells Fargo & Company raised their price objective on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an overweight rating in a report on Monday, February 26th. Mizuho started coverage on shares of Royal Caribbean Cruises in a report on Wednesday, April 17th. They set a buy rating and a $164.00 price objective on the stock. Barclays raised their price objective on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an overweight rating in a research report on Friday. Stifel Nicolaus upped their target price 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. Finally, The Goldman Sachs Group reissued a buy rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $138.76.

Royal Caribbean Cruises Trading Up 2.0 %

Shares of RCL stock opened at $143.35 on Friday. The firm has a fifty day moving average of $130.74 and a 200-day moving average of $118.25. The stock has a market cap of $36.89 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 0.47 and a beta of 2.52. Royal Caribbean Cruises has a 52-week low of $65.10 and a 52-week high of $143.62. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The business’s revenue was up 29.2% on a year-over-year basis. During the same period last year, the business earned ($0.23) earnings per share. On average, equities research analysts forecast that Royal Caribbean Cruises will post 10.8 earnings per share for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

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

Institutional Trading of Royal Caribbean Cruises

Hedge funds and other institutional investors have recently made changes to their positions in the business. BKM Wealth Management LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter worth $26,000. Scarborough Advisors LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter worth about $26,000. Creekmur Asset Management LLC acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter worth about $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter worth about $33,000. Finally, West Branch Capital LLC grew its holdings in shares of Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 100 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

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.