Royal Caribbean Cruises (NYSE:RCL) Stock Rating Lowered by Wall Street Zen

Royal Caribbean Cruises (NYSE:RCL) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other research analysts have also issued research reports about the company. Barclays dropped their target price on Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a research report on Wednesday. UBS Group raised their price target on Royal Caribbean Cruises from $311.00 to $353.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Bank of America increased their target price on Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. TD Cowen started coverage on Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They issued a “buy” rating and a $405.00 target price on the stock. Finally, Mizuho cut their price target on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $326.86.

Royal Caribbean Cruises Stock Up 0.7%

Shares of RCL opened at $286.65 on Friday. The company has a market cap of $77.86 billion, a PE ratio of 19.28, a P/E/G ratio of 0.84 and a beta of 2.08. The business has a fifty day moving average of $325.66 and a 200 day moving average of $297.88. Royal Caribbean Cruises has a 52-week low of $164.01 and a 52-week high of $366.50. The company has a quick ratio of 0.21, a current ratio of 0.16 and a debt-to-equity ratio of 1.67.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, beating the consensus estimate of $5.68 by $0.07. The business had revenue of $5.14 billion for 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 business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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, sell-side analysts expect that Royal Caribbean Cruises will post 14.9 EPS for the current year.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the sale, the director owned 16,407 shares of the company’s stock, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 16,000 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $311.02, for a total value of $4,976,320.00. Following the sale, the director owned 150,291 shares of the company’s stock, valued at $46,743,506.82. This trade represents a 9.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 6.95% of the company’s stock.

Institutional Trading of Royal Caribbean Cruises

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Gravity Asset Management Inc. purchased a new stake in shares of Royal Caribbean Cruises during the first quarter worth about $25,000. Hughes Financial Services LLC acquired a new stake in Royal Caribbean Cruises in the 1st quarter worth approximately $26,000. Opal Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises in the 2nd quarter worth approximately $27,000. Optimum Investment Advisors purchased a new position in shares of Royal Caribbean Cruises in the first quarter worth $31,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Royal Caribbean Cruises in the second quarter worth $31,000. Hedge funds and other 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.