Barclays Issues Pessimistic Forecast for Royal Caribbean Cruises (NYSE:RCL) Stock Price

Royal Caribbean Cruises (NYSE:RCL) had its price objective cut by analysts at Barclays from $361.00 to $351.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 27.77% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Thursday, January 29th. Morgan Stanley decreased their target price on shares of Royal Caribbean Cruises from $330.00 to $310.00 and set an “equal weight” rating for the company in a research note on Thursday. The Goldman Sachs Group lifted their target price on shares of Royal Caribbean Cruises from $310.00 to $370.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Truist Financial lifted their target price on shares of Royal Caribbean Cruises from $318.00 to $327.00 and gave the company a “hold” rating in a research note on Tuesday, March 24th. Finally, TD Cowen reissued a “buy” rating on shares of Royal Caribbean Cruises in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $350.05.

Royal Caribbean Cruises Stock Down 0.4%

Shares of NYSE:RCL traded down $1.17 during trading on Friday, reaching $274.72. 546,314 shares of the company traded hands, compared to its average volume of 2,496,568. The firm has a fifty day simple moving average of $297.30 and a 200 day simple moving average of $290.94. The firm has a market cap of $74.32 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 0.92 and a beta of 1.93. Royal Caribbean Cruises has a 1-year low of $185.14 and a 1-year high of $366.50. The company has a quick ratio of 0.16, a current ratio of 0.18 and a debt-to-equity ratio of 1.77.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, January 29th. The company reported $2.80 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.80. The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.28 billion. Royal Caribbean Cruises had a net margin of 23.80% and a return on equity of 45.06%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS. Analysts anticipate that Royal Caribbean Cruises will post 14.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, CEO Jason T. Liberty sold 90,910 shares of Royal Caribbean Cruises stock in a transaction on Friday, February 13th. The shares were sold at an average price of $326.81, for a total value of $29,710,297.10. Following the transaction, the chief executive officer owned 218,822 shares in the company, valued at $71,513,217.82. This trade represents a 29.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Arne Alexander Wilhelmsen sold 356,026 shares of Royal Caribbean Cruises stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $318.39, for a total transaction of $113,355,118.14. Following the completion of the transaction, the director owned 16,681,386 shares in the company, valued at $5,311,186,488.54. This trade represents a 2.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,967,319 shares of company stock worth $626,681,935 in the last quarter. Insiders own 6.95% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Montag A & Associates Inc. raised its holdings in Royal Caribbean Cruises by 184.4% in the 4th quarter. Montag A & Associates Inc. now owns 91 shares of the company’s stock worth $25,000 after acquiring an additional 59 shares during the period. Ares Financial Consulting LLC bought a new position in Royal Caribbean Cruises in the 4th quarter worth $26,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Royal Caribbean Cruises during the 4th quarter worth about $26,000. Kemnay Advisory Services Inc. bought a new position in shares of Royal Caribbean Cruises during the 4th quarter worth about $27,000. Finally, Quattro Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the 4th quarter worth about $27,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.