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

StockNews.com upgraded shares of Royal Caribbean Cruises (NYSE:RCL) from a sell rating to a hold rating in a research report report published on Tuesday.

Several other research firms have also weighed in on RCL. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $180.00 to $200.00 and gave the stock a buy rating in a research report on Friday, July 19th. UBS Group boosted their target price on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a buy rating in a research report on Wednesday, July 31st. Tigress Financial lifted their price target on Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a buy rating in a research note on Friday, August 2nd. Susquehanna boosted their target price on Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a positive rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. boosted their target price on Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an overweight rating in a research note on Monday, September 16th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $184.13.

Royal Caribbean Cruises Stock Up 3.0 %

Shares of NYSE:RCL opened at $182.81 on Tuesday. The firm has a market cap of $47.05 billion, a P/E ratio of 23.56, a P/E/G ratio of 0.50 and a beta of 2.61. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. Royal Caribbean Cruises has a 12-month low of $78.35 and a 12-month high of $184.41. The business has a fifty day simple moving average of $161.04 and a 200 day simple moving average of $150.46.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.45. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. Royal Caribbean Cruises’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the company earned $1.82 EPS. Analysts predict that Royal Caribbean Cruises will post 11.66 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

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

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CFO Naftali Holtz bought 5,350 shares of the stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $140.00 per share, with a total value of $749,000.00. Following the acquisition, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Naftali Holtz purchased 5,350 shares of the firm’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 in the company, valued at approximately $6,755,840. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the transaction, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. The disclosure for this sale can be found here. Insiders own 7.95% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RCL. Franklin Resources Inc. grew its position in Royal Caribbean Cruises by 12.0% in the fourth quarter. Franklin Resources Inc. now owns 166,632 shares of the company’s stock worth $21,577,000 after acquiring an additional 17,815 shares in the last quarter. US Bancorp DE grew its position in Royal Caribbean Cruises by 11.7% in the fourth quarter. US Bancorp DE now owns 14,929 shares of the company’s stock worth $1,933,000 after acquiring an additional 1,562 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in Royal Caribbean Cruises by 16.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 18,556 shares of the company’s stock worth $2,303,000 after acquiring an additional 2,662 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Royal Caribbean Cruises by 9.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 64,348 shares of the company’s stock worth $8,332,000 after acquiring an additional 5,586 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in Royal Caribbean Cruises by 399.4% in the fourth quarter. Hsbc Holdings PLC now owns 117,178 shares of the company’s stock worth $15,248,000 after acquiring an additional 93,715 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

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.