Royal Caribbean Cruises (NYSE:RCL) Price Target Increased to $160.00 by Analysts at Susquehanna

Royal Caribbean Cruises (NYSE:RCL) had its price objective lifted by Susquehanna from $150.00 to $160.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a positive rating on the stock.

Several other research firms have also commented on RCL. Mizuho started coverage on Royal Caribbean Cruises in a research report on Wednesday, April 17th. They issued a buy rating and a $164.00 price target for the company. Wells Fargo & Company boosted their price target on Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an overweight rating in a research report on Monday, February 26th. Barclays boosted their price target on Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an overweight rating in a research report on Friday. Morgan Stanley boosted their price target on Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an equal weight rating in a research report on Wednesday, February 7th. Finally, UBS Group upped their target price on Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a buy rating in a research report 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 company’s stock. According to data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of Moderate Buy and a consensus price target of $138.76.

Royal Caribbean Cruises Trading Up 2.3 %

Shares of NYSE RCL opened at $140.59 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54. The business has a fifty day simple moving average of $130.20 and a two-hundred day simple moving average of $117.47. The firm has a market cap of $36.09 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 0.46 and a beta of 2.52. Royal Caribbean Cruises has a twelve month low of $59.38 and a twelve month high of $141.70.

Royal Caribbean Cruises (NYSE:RCL) last issued 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. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. Royal Caribbean Cruises’s revenue was up 29.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.23) EPS. Analysts expect that Royal Caribbean Cruises will post 10.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, 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 transaction of $1,363,465.53. Following the sale, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Jason T. Liberty sold 50,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 153,017 shares in the company, valued at $21,365,763.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael W. Bayley sold 11,753 shares of the company’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 completion of the sale, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The disclosure for this sale can be found here. Company insiders own 8.70% of the company’s stock.

Institutional Trading of Royal Caribbean Cruises

Hedge funds have recently modified their holdings of the stock. BKM Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth about $26,000. Scarborough Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth about $26,000. ST Germain D J Co. Inc. boosted its stake in shares of Royal Caribbean Cruises by 65.0% in the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after buying an additional 130 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth about $30,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth about $33,000. Hedge funds and other institutional investors 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.