Analysts Set Royal Caribbean Cruises Ltd. (NYSE:RCL) Target Price at $283.53

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eighteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $282.33.

A number of equities research analysts have issued reports on RCL shares. BNP Paribas started coverage on shares of Royal Caribbean Cruises in a report on Thursday. They set an "outperform" rating and a $262.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Morgan Stanley raised their target price on Royal Caribbean Cruises from $210.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. Barclays lifted their target price on Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Finally, Loop Capital raised shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 price target on the stock in a report on Wednesday, March 5th.

Insider Buying and Selling

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 14,992 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $261.86, for a total transaction of $3,925,805.12. Following the transaction, the insider now directly owns 21,155 shares of the company's stock, valued at approximately $5,539,648.30. This trade represents a 41.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 19,500 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $256.68, for a total transaction of $5,005,260.00. Following the completion of the sale, the director now directly owns 185,021 shares of the company's stock, valued at $47,491,190.28. This trade represents a 9.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 109,492 shares of company stock worth $28,571,705 in the last quarter. 7.95% of the stock is owned by insiders.

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Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RCL. Brown Brothers Harriman & Co. grew its position in Royal Caribbean Cruises by 618.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock worth $27,000 after acquiring an additional 99 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new stake in Royal Caribbean Cruises in the third quarter valued at approximately $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $35,000. Bay Harbor Wealth Management LLC bought a new position in shares of Royal Caribbean Cruises in the fourth quarter worth approximately $36,000. Finally, Truvestments Capital LLC purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL traded down $9.89 during midday trading on Tuesday, reaching $207.35. The company had a trading volume of 2,547,926 shares, compared to its average volume of 2,316,863. The company's 50 day moving average price is $238.63 and its 200 day moving average price is $223.27. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises has a 52-week low of $125.06 and a 52-week high of $277.08. The stock has a market cap of $55.80 billion, a P/E ratio of 19.40, a P/E/G ratio of 0.90 and a beta of 2.53.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. During the same period in the previous year, the company posted $1.25 EPS. As a group, sell-side analysts anticipate that Royal Caribbean Cruises will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 7th will be issued a $0.75 dividend. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.55. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, March 7th. Royal Caribbean Cruises's dividend payout ratio is presently 28.06%.

Royal Caribbean Cruises declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 12th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 1.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

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.