Royal Caribbean Cruises Ltd. (NYSE:RCL) Receives $182.13 Average Brokerage PT

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Get Your Free Report ) have earned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $182.13.

A number of research analysts have recently commented on the stock. Barclays upped their target price on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Truist Financial boosted their price target on Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Mizuho boosted their price target on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Tigress Financial boosted their price objective on Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Macquarie boosted their target price on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th.

Check out our latest research report on RCL

Insider activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CFO Naftali Holtz bought 5,350 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at $6,755,840. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Naftali Holtz purchased 5,350 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of $140.00 per share, with a total value of $749,000.00. Following the completion of the acquisition, the chief financial officer now owns 48,256 shares of the company’s stock, valued at $6,755,840. The acquisition was disclosed in a filing with the SEC, which is available via this link. Also, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. The disclosure for this sale can be found here. Insiders have sold 28,457 shares of company stock worth $4,452,898 in the last three months. 7.95% of shares are held by insiders.

Institutional Trade of Royal Caribbean Cruises

Hedge funds and other institutional investors have recently modified their holdings of the stock. Unique Wealth Strategies LLC purchased a new stake in shares of Royal Caribbean Cruises during the second quarter valued at $27,000. Versant Capital Management Inc raised its stake in shares of Royal Caribbean Cruises by 905.3% during the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after purchasing an additional 172 shares in the last quarter. Scarborough Advisors LLC bought a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at about $26,000. AlphaMark Advisors LLC boosted its stake in Royal Caribbean Cruises by 233.3% in the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares during the period. Finally, Creekmur Asset Management LLC bought a new position in Royal Caribbean Cruises in the 4th quarter valued at approximately $30,000. Institutional investors own 87.53% of the company’s shares.

Royal Caribbean Cruises stock performance

Shares of NYSE RCL opened at $156.55 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.17, and a debt-to-equity ratio of 3.20. The company has a market cap of $40.29 billion, a P/E ratio of 20.17, a P/E/G ratio of 0.47 and a beta of 2.61. Royal Caribbean Cruises has a 12 month low of $78.35 and a 12 month high of $173.37. The stock has a 50-day moving average of $159.07 and a 200-day moving average of $146.50.

Royal Caribbean Cruises (NYSE:RCL – Get Your Free Report ) last issued its quarterly earnings data on Thursday, July 25th. The company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business posted earnings per share of $1.82. As a group, equities research analysts anticipate that Royal Caribbean Cruises will post 11.65 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The company also recently declared a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, September 20. Royal Caribbean Cruises’ dividend payout ratio is 20.62%.

About Royal Caribbean Cruises

(Get a free report

Royal Caribbean Cruises Ltd. operates as a worldwide cruise company. The company operates cruises under the brands Royal Caribbean International, Celebrity Cruises and Silversea Cruises, which cover a wide range of itineraries. As of February 21, 2024, 65 ships were operating. Royal Caribbean Cruises Ltd.

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