Royal Caribbean Cruises (NYSE:RCL) Receives New Coverage from Analysts at Mizuho

Mizuho assumed coverage on shares of Royal Caribbean Cruises (NYSE:RCL) in a report issued on Wednesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $164.00 price target on the stock.

Other equities analysts have also issued research reports about the stock. UBS Group boosted their target price on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a buy rating in a report on Friday, February 16th. Barclays raised their target price on Royal Caribbean Cruises from $150.00 to $154.00 and gave the stock an overweight rating in a research note on Thursday, April 11th. Susquehanna boosted their price target on Royal Caribbean Cruises from $120.00 to $150.00 and gave the company a positive rating in a research note on Wednesday, January 31st. Wells Fargo & Company raised their price objective on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an overweight rating in a research report on Monday, February 26th. Finally, Argus boosted their target price on shares of Royal Caribbean Cruises from $95.00 to $142.00 and gave the company a buy rating in a research report on Thursday, December 21st. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $136.94.

Royal Caribbean Cruises Stock Up 1.1 %

NYSE:RCL opened at $127.97 on Wednesday. Royal Caribbean Cruises has a one year low of $59.37 and a one year high of $141.70. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16. The company has a market cap of $32.85 billion, a PE ratio of 20.57, a P/E/G ratio of 0.46 and a beta of 2.52. The firm’s 50 day simple moving average is $127.83 and its 200 day simple moving average is $115.46.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Thursday, February 1st. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.36 billion. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. Royal Caribbean Cruises’s revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.12) earnings per share. On average, research analysts anticipate that Royal Caribbean Cruises will post 10.01 earnings per share for the current year.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the sale, the chief executive officer now owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.70% of the stock is currently owned by company insiders.

Institutional Trading of Royal Caribbean Cruises

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dagco Inc. bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at about $25,000. BKM Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter worth $26,000. Scarborough Advisors LLC bought a new position in Royal Caribbean Cruises during the fourth quarter valued at approximately $26,000. Creekmur Asset Management LLC bought a new position in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $30,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new position in Royal Caribbean Cruises during the fourth quarter valued at $33,000. Institutional investors own 87.53% of the company’s stock.

About Royal Caribbean Cruises

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.