Stifel Nicolaus Issues Positive Forecast for Royal Caribbean Cruises (NYSE:RCL) Stock Price

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) had its target price hoisted by analysts at Stifel Nicolaus from $250.00 to $310.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' price target would suggest a potential upside of 20.11% from the company's current price.

RCL has been the subject of a number of other research reports. Truist Financial boosted their price objective on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Citigroup upped their target price on Royal Caribbean Cruises from $253.00 to $257.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Tigress Financial increased their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Barclays boosted their price objective on Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group upped their price objective on Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $233.63.

Royal Caribbean Cruises Stock Up 2.8 %

NYSE:RCL traded up $6.95 during mid-day trading on Friday, reaching $258.09. The stock had a trading volume of 1,896,459 shares, compared to its average volume of 1,553,753. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The company has a market capitalization of $69.40 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 0.66 and a beta of 2.59. Royal Caribbean Cruises has a 1-year low of $113.10 and a 1-year high of $258.21. The stock's 50 day simple moving average is $213.77 and its two-hundred day simple moving average is $177.76.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping the consensus estimate of $5.05 by $0.15. The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business's revenue was up 17.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.85 EPS. Equities analysts anticipate that Royal Caribbean Cruises will post 11.64 EPS for the current year.

Insiders Place Their Bets

In other news, Director Richard D. Fain sold 25,000 shares of the firm's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the completion of the transaction, the director now owns 204,521 shares in the company, valued at approximately $42,953,500.42. This trade represents a 10.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the transaction, the director now directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 404,332 shares of company stock worth $94,299,521. 7.95% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RCL. Wedge Capital Management L L P NC lifted its stake in Royal Caribbean Cruises by 2.6% during the third quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company's stock valued at $51,349,000 after buying an additional 7,298 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Royal Caribbean Cruises by 17.2% during the second quarter. QRG Capital Management Inc. now owns 38,613 shares of the company's stock valued at $6,156,000 after acquiring an additional 5,655 shares during the period. Souders Financial Advisors purchased a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at approximately $800,000. Swiss National Bank boosted 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 during the period. Finally, New Wave Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises in the 2nd quarter worth approximately $611,000. 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.