Royal Caribbean Cruises (NYSE:RCL) Given New $287.00 Price Target at Barclays

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) had its target price increased by equities research analysts at Barclays from $245.00 to $287.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price objective indicates a potential upside of 17.06% from the stock's previous close.

Other equities research analysts also recently issued reports about the stock. Tigress Financial boosted their target price on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Macquarie raised their target price on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. The Goldman Sachs Group upped their price target on Royal Caribbean Cruises from $245.00 to $275.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Sanford C. Bernstein assumed coverage on Royal Caribbean Cruises in a research note on Tuesday, November 26th. They set an "outperform" rating and a $290.00 price objective on the stock. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $239.75.

Royal Caribbean Cruises Stock Up 0.4 %

RCL stock traded up $1.02 during trading on Friday, reaching $245.17. 1,931,702 shares of the stock were exchanged, compared to its average volume of 2,326,271. The firm's 50 day moving average is $222.37 and its 200 day moving average is $181.90. The firm has a market cap of $65.92 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 0.65 and a beta of 2.59. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises has a twelve month low of $113.10 and a twelve month high of $258.70.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the company posted $3.85 earnings per share. The company's quarterly revenue was up 17.5% on a year-over-year basis. As a group, research analysts forecast that Royal Caribbean Cruises will post 11.65 EPS for the current year.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the completion of the transaction, the director now owns 18,556,860 shares in the company, valued at approximately $4,335,253,633.20. This represents a 1.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of the business's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the sale, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 404,332 shares of company stock worth $94,299,521 in the last quarter. Insiders own 7.95% of the company's stock.

Institutional Trading of Royal Caribbean Cruises

Institutional investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. lifted its holdings in Royal Caribbean Cruises by 20.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 8,215 shares of the company's stock worth $1,310,000 after purchasing an additional 1,381 shares in the last quarter. Swedbank AB purchased a new stake in shares of Royal Caribbean Cruises in the second quarter worth about $402,000. Assenagon Asset Management S.A. boosted its position in shares of Royal Caribbean Cruises by 17.9% in the second quarter. Assenagon Asset Management S.A. now owns 5,201 shares of the company's stock valued at $829,000 after acquiring an additional 789 shares during the period. Blue Trust Inc. grew its stake in Royal Caribbean Cruises by 168.5% during the second quarter. Blue Trust Inc. now owns 384 shares of the company's stock valued at $61,000 after acquiring an additional 241 shares in the last quarter. Finally, Brookstone Capital Management increased its holdings in Royal Caribbean Cruises by 3.7% during the 2nd quarter. Brookstone Capital Management now owns 6,470 shares of the company's stock worth $1,064,000 after acquiring an additional 231 shares during the period. 87.53% of the stock is currently 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.