Royal Caribbean Cruises (NYSE:RCL) Stock Price Expected to Rise, Susquehanna Analyst Says

Royal Caribbean Cruises (NYSE:RCL) had its price objective hoisted by analysts at Susquehanna from $245.00 to $305.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s price target would suggest a potential upside of 13.16% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Wells Fargo & Company raised 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 note on Monday. Truist Financial boosted their price target on Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Mizuho reissued an “outperform” rating and issued a $253.00 target price (down previously from $255.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus lifted their price target on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus target price of $271.06.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock traded up $4.28 during mid-day trading on Wednesday, reaching $269.53. The company had a trading volume of 687,768 shares, compared to its average volume of 2,382,887. The stock’s 50-day simple moving average is $238.47 and its 200-day simple moving average is $200.21. The company has a market capitalization of $72.47 billion, a P/E ratio of 27.70, 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 has a 1 year low of $113.10 and a 1 year high of $271.31.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. During the same quarter in the prior year, the firm posted $1.25 earnings per share. On average, equities analysts predict that Royal Caribbean Cruises will post 11.66 EPS for the current year.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the sale, the director now directly owns 18,556,860 shares in the company, valued at approximately $4,335,253,633.20. This trade represents a 1.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the transaction, the executive vice president now owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. This represents 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 90 days. Corporate insiders own 7.95% of the company’s stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its stake in shares of Royal Caribbean Cruises by 93.4% during the second quarter. Public Sector Pension Investment Board now owns 8,127 shares of the company’s stock valued at $1,296,000 after acquiring an additional 3,925 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Royal Caribbean Cruises by 144.4% in the second quarter. NewEdge Advisors LLC now owns 14,115 shares of the company’s stock valued at $2,250,000 after purchasing an additional 8,340 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises during the 2nd quarter valued at approximately $260,000. Truist Financial Corp increased its holdings in Royal Caribbean Cruises by 19.2% during the 2nd quarter. Truist Financial Corp now owns 20,958 shares of the company’s stock worth $3,341,000 after purchasing an additional 3,369 shares during the last quarter. Finally, Granite Bay Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $253,000. Hedge funds and other 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.