Royal Caribbean Cruises (NYSE:RCL) Stock Rating Upgraded by StockNews.com

Royal Caribbean Cruises (NYSE:RCL) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

A number of other research firms have also commented on RCL. Citigroup raised their price objective on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Sanford C. Bernstein started coverage on shares of Royal Caribbean Cruises in a research note on Tuesday. They issued an “outperform” rating and a $290.00 price objective for the company. UBS Group raised their price objective on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. raised their price objective on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Finally, Truist Financial increased their target price on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Three investment 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, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.38.

Royal Caribbean Cruises Trading Down 1.2 %

Shares of NYSE:RCL opened at $241.62 on Tuesday. The stock has a market capitalization of $64.97 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 0.63 and a beta of 2.59. Royal Caribbean Cruises has a 1-year low of $105.36 and a 1-year high of $245.91. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The company has a 50 day moving average price of $205.42 and a 200 day moving average price of $173.61.

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. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the business posted $3.85 EPS. The company’s revenue was up 17.5% on a year-over-year basis. On average, research analysts anticipate that Royal Caribbean Cruises will post 11.64 EPS for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the transaction, the executive vice president now owns 22,348 shares of the company’s stock, valued at $5,243,287.76. The trade was a 12.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the transaction, the director now directly owns 18,556,860 shares of the company’s stock, valued at approximately $4,335,253,633.20. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 404,332 shares of company stock valued at $94,299,521. Insiders own 7.95% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in Royal Caribbean Cruises during the 3rd quarter worth $109,000. World Investment Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the 3rd quarter worth about $7,107,000. Sanctuary Advisors LLC increased its holdings in shares of Royal Caribbean Cruises by 76.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 28,991 shares of the company’s stock worth $5,142,000 after purchasing an additional 12,530 shares during the period. Anchor Investment Management LLC increased its holdings in shares of Royal Caribbean Cruises by 175.0% during the 3rd quarter. Anchor Investment Management LLC now owns 319 shares of the company’s stock worth $57,000 after purchasing an additional 203 shares during the period. Finally, SOA Wealth Advisors LLC. increased its holdings in shares of Royal Caribbean Cruises by 33.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 300 shares of the company’s stock worth $53,000 after purchasing an additional 75 shares during the period. 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.