Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Get Free Report) have earned a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $112.38.
Several equities analysts recently issued reports on the company. Barclays boosted their price target on Royal Caribbean Cruises from $113.00 to $132.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. JPMorgan Chase & Co. lifted their price target on shares of Royal Caribbean Cruises from $100.00 to $103.00 in a research note on Monday, June 12th. StockNews.com started coverage on shares of Royal Caribbean Cruises in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Morgan Stanley lifted their target price on shares of Royal Caribbean Cruises from $70.00 to $100.00 and gave the company an “equal weight” rating in a research report on Friday, August 4th. Finally, Tigress Financial increased their price target on shares of Royal Caribbean Cruises from $102.00 to $139.00 in a research report on Tuesday, August 15th.
Get Our Latest Report on RCL
Royal Caribbean Cruises Trading Down 1.9 %
Shares of Royal Caribbean Cruises stock opened at $94.34 on Friday. Royal Caribbean Cruises has a 1 year low of $36.92 and a 1 year high of $112.95. The company’s fifty day simple moving average is $100.98 and its 200-day simple moving average is $85.73. The company has a market cap of $24.17 billion, a price-to-earnings ratio of -294.80 and a beta of 2.47. The company has a current ratio of 0.20, a quick ratio of 0.18 and a debt-to-equity ratio of 5.28.
Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last issued its quarterly earnings results on Thursday, July 27th. The company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.24. Royal Caribbean Cruises had a negative net margin of 0.47% and a positive return on equity of 6.76%. The firm had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same period in the prior year, the firm earned ($2.08) EPS. The business’s revenue was up 61.3% on a year-over-year basis. As a group, sell-side analysts expect that Royal Caribbean Cruises will post 6.16 EPS for the current year.
Insider Buying and Selling
In other Royal Caribbean Cruises news, CFO Naftali Holtz sold 5,949 shares of Royal Caribbean Cruises stock in a transaction on Friday, July 28th. The stock was sold at an average price of $110.62, for a total value of $658,078.38. Following the completion of the transaction, the chief financial officer now owns 30,967 shares in the company, valued at approximately $3,425,569.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Naftali Holtz sold 5,949 shares of Royal Caribbean Cruises stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $110.62, for a total value of $658,078.38. Following the completion of the transaction, the chief financial officer now directly owns 30,967 shares of the company’s stock, valued at $3,425,569.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Henry L. Pujol sold 18,908 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $106.74, for a total transaction of $2,018,239.92. Following the transaction, the chief accounting officer now owns 23,521 shares in the company, valued at approximately $2,510,631.54. The disclosure for this sale can be found here. Insiders have sold a total of 44,857 shares of company stock worth $4,650,818 in the last three months. Insiders own 8.70% of the company’s stock.
Institutional Trading of Royal Caribbean Cruises
Hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Gravity Asset Management Inc. bought a new position in Royal Caribbean Cruises in the 2nd quarter valued at $693,000. SOA Wealth Advisors LLC. bought a new position in Royal Caribbean Cruises in the second quarter valued at about $29,000. Raleigh Capital Management Inc. bought a new stake in Royal Caribbean Cruises during the 2nd quarter worth about $30,000. Hollencrest Capital Management raised its holdings in Royal Caribbean Cruises by 494.2% during the 2nd quarter. Hollencrest Capital Management now owns 309 shares of the company’s stock worth $32,000 after purchasing an additional 257 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its position in Royal Caribbean Cruises by 496.2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 316 shares of the company’s stock valued at $33,000 after purchasing an additional 263 shares during the period. Institutional investors and hedge funds own 75.64% of the company’s stock.
About Royal Caribbean Cruises
(Get Free Report
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 13, 2023, it operated 64 ships. The company was founded in 1968 and is headquartered in Miami, Florida.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Royal Caribbean Cruises, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Royal Caribbean Cruises wasn’t on the list.
While Royal Caribbean Cruises currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here