Wells Fargo & Company Upgrades Royal Caribbean Cruises (NYSE:RCL) to “Strong-Buy”

Royal Caribbean Cruises (NYSE:RCL) was upgraded by equities researchers at Wells Fargo & Company to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on RCL. Wall Street Zen cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a report on Tuesday, October 28th. Tigress Financial upped their price target on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. decreased their price objective on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Finally, Bank of America boosted their price objective on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.82.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL traded down $0.46 on Monday, reaching $255.54. 612,955 shares of the company’s stock were exchanged, compared to its average volume of 2,378,471. Royal Caribbean Cruises has a twelve month low of $164.01 and a twelve month high of $366.50. The company has a fifty day moving average of $300.59 and a 200-day moving average of $301.75. The company has a market capitalization of $69.69 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 0.84 and a beta of 2.04. The company has a current ratio of 0.16, a quick ratio of 0.21 and a debt-to-equity ratio of 1.67.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $5.20 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. On average, research analysts predict that Royal Caribbean Cruises will post 14.9 EPS for the current fiscal year.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $281.76, for a total value of $309,936.00. Following the completion of the transaction, the director directly owned 14,234 shares in the company, valued at approximately $4,010,571.84. This trade represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.95% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RCL. Capital International Investors increased its position in Royal Caribbean Cruises by 0.9% in the 3rd quarter. Capital International Investors now owns 32,949,976 shares of the company’s stock valued at $10,662,989,000 after acquiring an additional 308,330 shares during the period. Vanguard Group Inc. grew 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 worth $9,728,810,000 after purchasing an additional 461,990 shares during the last quarter. State Street Corp increased its holdings in Royal Caribbean Cruises by 0.8% in the third quarter. State Street Corp now owns 10,576,751 shares of the company’s stock valued at $3,433,052,000 after purchasing an additional 84,202 shares during the period. Geode Capital Management LLC raised its position in Royal Caribbean Cruises by 6.6% during the 2nd quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company’s stock worth $2,079,877,000 after purchasing 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 worth $1,038,997,000 after buying an additional 284,037 shares during the period. Institutional investors own 87.53% of the company’s stock.

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.