Royal Caribbean Cruises (NYSE:RCL) PT Raised to $168.00 at Mizuho

Royal Caribbean Cruises (NYSE:RCL) had its price objective increased by investment analysts at Mizuho from $164.00 to $168.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Mizuho’s price target points to a potential upside of 20.58% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company lifted their target price on Royal Caribbean Cruises from $151.00 to $153.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Morgan Stanley increased their target price on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Susquehanna raised their target price on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a “positive” rating in a research report on Friday. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Finally, UBS Group boosted their price objective on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.41.

Royal Caribbean Cruises Trading Up 1.4 %

Shares of RCL stock traded up $1.86 on Friday, reaching $139.33. 1,198,428 shares of the company’s stock were exchanged, compared to its average volume of 2,765,664. Royal Caribbean Cruises has a 52 week low of $59.38 and a 52 week high of $141.70. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 4.03. The stock has a market capitalization of $35.76 billion, a PE ratio of 22.31, a P/E/G ratio of 0.50 and a beta of 2.52. The company’s fifty day simple moving average is $129.71 and its 200 day simple moving average is $117.11.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period last year, the company earned ($0.23) EPS. Royal Caribbean Cruises’s quarterly revenue was up 29.2% compared to the same quarter last year. As a group, analysts forecast that Royal Caribbean Cruises will post 10.06 EPS for the current year.

Insider Activity at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the sale, the chief executive officer now directly owns 166,537 shares in the company, valued at approximately $19,319,957.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RCL. BKM Wealth Management LLC purchased a new position in Royal Caribbean Cruises in the 4th quarter valued at about $26,000. Scarborough Advisors LLC purchased a new position in Royal Caribbean Cruises in the 4th quarter worth approximately $26,000. ST Germain D J Co. Inc. lifted its stake in Royal Caribbean Cruises by 65.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Creekmur Asset Management LLC purchased a new position in Royal Caribbean Cruises in the 4th quarter worth approximately $30,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in Royal Caribbean Cruises in the 4th quarter worth approximately $33,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

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.