Brokerages Set Royal Caribbean Cruises Ltd. (NYSE:RCL) PT at $243.25

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the sixteen brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $243.25.

Several research analysts have commented on the company. Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a report on Tuesday, November 26th. They set an "outperform" rating and a $290.00 price objective on the stock. Stifel Nicolaus upped their price objective on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Citigroup raised their target price on shares of Royal Caribbean Cruises from $257.00 to $283.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price objective on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company upped their target price on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th.

Royal Caribbean Cruises Trading Up 0.7 %

NYSE:RCL traded up $1.67 during midday trading on Thursday, hitting $227.00. 2,140,699 shares of the company traded hands, compared to its average volume of 1,927,659. The firm has a market capitalization of $61.03 billion, a P/E ratio of 23.33, a P/E/G ratio of 0.65 and a beta of 2.59. The firm's fifty day moving average is $235.32 and its 200-day moving average is $192.63. Royal Caribbean Cruises has a 12-month low of $113.10 and a 12-month high of $258.70. 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 (NYSE:RCL - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the prior year, the firm posted $3.85 earnings per share. The business's revenue for the quarter was up 17.5% on a year-over-year basis. On average, sell-side analysts predict that Royal Caribbean Cruises will post 11.65 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.20 annualized dividend and a yield of 0.97%. Royal Caribbean Cruises's payout ratio is presently 22.61%.

Insider Activity

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now owns 9,964 shares in the company, valued at approximately $2,077,593.64. This trade represents a 40.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the business's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total value of $53,732,600.00. Following the completion of the transaction, the director now directly owns 18,556,860 shares of the company's stock, valued at approximately $4,335,253,633.20. This trade represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 404,332 shares of company stock valued at $94,299,521. Company insiders own 7.95% of the company's stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC boosted its holdings in Royal Caribbean Cruises by 76.1% during the third quarter. Sanctuary Advisors LLC now owns 28,991 shares of the company's stock worth $5,142,000 after buying an additional 12,530 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Royal Caribbean Cruises by 2.6% in the third quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company's stock worth $51,349,000 after acquiring an additional 7,298 shares during the period. Souders Financial Advisors purchased a new stake in shares of Royal Caribbean Cruises during the 3rd quarter worth about $800,000. Swiss National Bank grew its position in shares of Royal Caribbean Cruises by 0.5% during the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company's stock valued at $128,699,000 after acquiring an additional 3,800 shares during the period. Finally, New Wave Wealth Advisors LLC purchased a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $611,000. Institutional investors and hedge funds 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.