Royal Caribbean Cruises (NYSE:RCL) Upgraded to “Hold” at StockNews.com

Royal Caribbean Cruises (NYSE:RCL) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

RCL has been the subject of a number of other research reports. Bank of America increased their target price on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Stifel Nicolaus lifted their target price on Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, October 11th. The Goldman Sachs Group upped their price target on Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays lifted their price target on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Macquarie increased their price objective on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average target price of $224.38.

Royal Caribbean Cruises Stock Up 1.7 %

Shares of NYSE:RCL traded up $4.11 during trading on Tuesday, hitting $244.50. 1,615,252 shares of the company’s stock traded hands, compared to its average volume of 2,356,407. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. The company has a 50-day moving average price of $203.96 and a 200-day moving average price of $173.13. Royal Caribbean Cruises has a 52 week low of $103.99 and a 52 week high of $245.91. The company has a market cap of $65.74 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 0.64 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the previous year, the firm posted $3.85 earnings per share. The business’s revenue was up 17.5% on a year-over-year basis. As a group, research analysts forecast that Royal Caribbean Cruises will post 11.64 EPS for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the sale, the executive vice president now owns 22,348 shares in the company, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the completion of the transaction, the director now directly owns 18,556,860 shares in the company, valued at $4,335,253,633.20. This trade represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 407,405 shares of company stock valued at $94,817,966 in the last quarter. Company insiders own 7.95% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

A number of institutional investors have recently added to or reduced their stakes in RCL. Wilmington Savings Fund Society FSB acquired a new position in shares of Royal Caribbean Cruises during the third quarter worth $109,000. World Investment Advisors LLC bought a new stake in Royal Caribbean Cruises during the 3rd quarter worth $7,107,000. Sanctuary Advisors LLC increased its holdings in Royal Caribbean Cruises by 76.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 28,991 shares of the company’s stock worth $5,142,000 after purchasing an additional 12,530 shares in the last quarter. Anchor Investment Management LLC raised its position in Royal Caribbean Cruises by 175.0% in the third quarter. Anchor Investment Management LLC now owns 319 shares of the company’s stock valued at $57,000 after purchasing an additional 203 shares during the last quarter. Finally, SOA Wealth Advisors LLC. boosted its stake in shares of Royal Caribbean Cruises by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 300 shares of the company’s stock valued at $53,000 after purchasing an additional 75 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

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.