Royal Caribbean Cruises Ltd. (NYSE:RCL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Royal Caribbean Cruises Ltd. (NYSE:RCL) has received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $146.13.

RCL has been the subject of several analyst reports. UBS Group increased their target price on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a report on Friday, February 16th. Morgan Stanley boosted their target price on Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Barclays increased their price target on Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Macquarie boosted their price objective on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Finally, Bank of America raised their target price on Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $141.67 on Friday. The stock has a market cap of $36.46 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 0.41 and a beta of 2.49. 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 has a fifty-two week low of $73.93 and a fifty-two week high of $143.93. The firm’s 50-day simple moving average is $133.15 and its 200 day simple moving average is $120.60.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the company earned ($0.23) earnings per share. The company’s revenue for the quarter was up 29.2% on a year-over-year basis. As a group, research analysts anticipate that Royal Caribbean Cruises will post 11.15 earnings per share for the current fiscal year.

Insider Transactions at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now owns 16,687 shares of the company’s stock, valued at $2,356,705.01. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now directly owns 16,687 shares of the company’s stock, valued at approximately $2,356,705.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,697 shares of company stock valued at $9,749,357. 7.95% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BKM Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at $26,000. Scarborough Advisors LLC purchased a new stake in Royal Caribbean Cruises during the fourth quarter valued at about $26,000. Creekmur Asset Management LLC bought a new stake in Royal Caribbean Cruises during the fourth quarter worth about $30,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter worth about $33,000. Finally, West Branch Capital LLC increased its position in shares of Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after purchasing an additional 100 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other 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.