Royal Caribbean Cruises (NYSE:RCL) Price Target Increased to $165.00 by Analysts at Barclays

Royal Caribbean Cruises (NYSE:RCL) had its target price boosted by Barclays from $154.00 to $165.00 in a research note published on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also issued reports on RCL. Mizuho initiated coverage on shares of Royal Caribbean Cruises in a research note on Wednesday, April 17th. They set a buy rating and a $164.00 target price for the company. UBS Group lifted their price objective on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a buy rating in a research note on Friday, February 16th. Morgan Stanley lifted their price objective on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an equal weight rating in a research note on Wednesday, February 7th. The Goldman Sachs Group reaffirmed a buy rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Finally, Susquehanna lifted their price objective on shares of Royal Caribbean Cruises from $120.00 to $150.00 and gave the company a positive rating in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of Moderate Buy and an average target price of $138.76.

Royal Caribbean Cruises Trading Up 2.3 %

Shares of NYSE:RCL opened at $140.59 on Friday. The firm has a fifty day moving average of $130.20 and a two-hundred day moving average of $117.47. The firm has a market capitalization of $36.09 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 0.46 and a beta of 2.52. Royal Caribbean Cruises has a 12-month low of $59.38 and a 12-month high of $141.70. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The company’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.23) EPS. On average, equities analysts expect that Royal Caribbean Cruises will post 10.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the transaction, the chief executive officer now owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the transaction, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the transaction, the chief executive officer now owns 153,017 shares in the company, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Kowal Investment Group LLC increased its holdings in shares of Royal Caribbean Cruises by 4.0% during the 1st quarter. Kowal Investment Group LLC now owns 2,286 shares of the company’s stock worth $318,000 after purchasing an additional 87 shares during the period. West Branch Capital LLC increased its stake in Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 100 shares during the period. Toth Financial Advisory Corp increased its stake in Royal Caribbean Cruises by 24.6% in the fourth quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock valued at $66,000 after acquiring an additional 100 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Royal Caribbean Cruises by 11.6% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,026 shares of the company’s stock valued at $143,000 after acquiring an additional 107 shares during the period. Finally, Ballentine Partners LLC increased its stake in Royal Caribbean Cruises by 2.7% in the first quarter. Ballentine Partners LLC now owns 4,304 shares of the company’s stock valued at $598,000 after acquiring an additional 115 shares during the period. 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.