Susquehanna Increases Royal Caribbean Cruises (NYSE:RCL) Price Target to $305.00

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) had its price objective upped by investment analysts at Susquehanna from $245.00 to $305.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "positive" rating on the stock. Susquehanna's price target points to a potential upside of 10.93% from the company's current price.

Other analysts also recently issued research reports about the company. Mizuho reissued an "outperform" rating and issued a $253.00 price objective (down previously from $255.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 23rd. Sanford C. Bernstein began coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, November 26th. They issued an "outperform" rating and a $290.00 target price on the stock. StockNews.com upgraded shares of Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research report on Tuesday, November 26th. Wells Fargo & Company lifted their price objective on shares of Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Argus increased their target price on Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a "buy" rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $274.19.

Royal Caribbean Cruises Stock Up 2.2 %

Royal Caribbean Cruises stock traded up $5.85 during midday trading on Wednesday, hitting $274.94. 2,122,939 shares of the stock were exchanged, compared to its average volume of 2,477,346. The company has a 50 day moving average price of $239.12 and a two-hundred day moving average price of $200.69. Royal Caribbean Cruises has a 1 year low of $113.10 and a 1 year high of $275.05. The firm has a market cap of $73.93 billion, a P/E ratio of 28.26, a P/E/G ratio of 0.50 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. During the same quarter last year, the business earned $1.25 earnings per share. On average, sell-side analysts predict that Royal Caribbean Cruises will post 11.66 earnings per share for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the sale, the director now owns 18,167,507 shares in the company, valued at $4,321,868,240.23. This represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the transaction, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 372,609 shares of company stock valued at $87,647,208 over the last ninety days. 7.95% of the stock is owned by insiders.

Hedge Funds Weigh In On Royal Caribbean Cruises

Large investors have recently modified their holdings of the business. D1 Capital Partners L.P. grew its holdings in Royal Caribbean Cruises by 3.8% during the third quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company's stock worth $278,502,000 after purchasing an additional 58,159 shares during the period. Swiss National Bank raised its stake in Royal Caribbean Cruises by 0.5% in the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company's stock worth $128,699,000 after purchasing an additional 3,800 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its position in shares of Royal Caribbean Cruises by 2.3% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company's stock valued at $104,918,000 after acquiring an additional 13,520 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Royal Caribbean Cruises by 3.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 569,890 shares of the company's stock worth $131,468,000 after acquiring an additional 18,868 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Royal Caribbean Cruises by 10,599.0% in the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company's stock valued at $72,696,000 after acquiring an additional 406,048 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

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.