Royal Caribbean Cruises (NYSE:RCL) Price Target Raised to $243.00

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from $213.00 to $243.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 15.60% from the company's current price.

A number of other analysts have also weighed in on RCL. StockNews.com raised shares of Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research note on Tuesday, September 24th. UBS Group upped their price objective on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Mizuho boosted their target price on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. Citigroup boosted their target price on shares of Royal Caribbean Cruises from $204.00 to $253.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Finally, Bank of America boosted their target price on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a "neutral" rating in a report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and an average price target of $199.27.

Royal Caribbean Cruises Stock Up 3.3 %

NYSE:RCL traded up $6.69 during mid-day trading on Tuesday, reaching $210.21. The company's stock had a trading volume of 4,124,566 shares, compared to its average volume of 2,397,752. Royal Caribbean Cruises has a 1 year low of $83.25 and a 1 year high of $214.12. The stock has a fifty day moving average of $177.25 and a 200-day moving average of $159.77. The firm has a market capitalization of $54.10 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 0.58 and a beta of 2.61. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CFO Naftali Holtz purchased 5,350 shares of the business's stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the acquisition, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Vagn O. Sorensen sold 5,800 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the transaction, the director now owns 25,837 shares in the company, valued at approximately $4,095,164.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Naftali Holtz purchased 5,350 shares of the business's stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the acquisition, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 7.95% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several hedge funds have recently bought and sold shares of the stock. Capital International Investors boosted its position in Royal Caribbean Cruises by 1.0% in the 1st quarter. Capital International Investors now owns 29,596,455 shares of the company's stock worth $4,114,203,000 after purchasing an additional 286,868 shares in the last quarter. Vanguard Group Inc. boosted its position in Royal Caribbean Cruises by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company's stock worth $3,532,143,000 after purchasing an additional 132,079 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Royal Caribbean Cruises by 24.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company's stock worth $326,616,000 after purchasing an additional 400,565 shares in the last quarter. D1 Capital Partners L.P. boosted its position in Royal Caribbean Cruises by 105.7% in the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company's stock worth $241,075,000 after purchasing an additional 777,103 shares in the last quarter. Finally, Capital International Inc. CA boosted its position in Royal Caribbean Cruises by 3.3% in the 1st quarter. Capital International Inc. CA now owns 601,917 shares of the company's stock worth $83,672,000 after purchasing an additional 19,065 shares in the last quarter. 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.