Royal Caribbean Cruises (NYSE:RCL) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Royal Caribbean Cruises (NYSE:RCL) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning.

A number of other brokerages have also recently issued reports on RCL. The Goldman Sachs Group boosted their target price on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group upped their price target on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Citigroup upped their price target on shares of Royal Caribbean Cruises from $253.00 to $257.00 and gave the stock a “buy” rating in a report on Wednesday. Tigress Financial upped their price target on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Stifel Nicolaus upped their price target on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.00.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $202.06 on Wednesday. Royal Caribbean Cruises has a 12 month low of $86.75 and a 12 month high of $214.12. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 2.63. The business’s 50 day simple moving average is $181.04 and its 200 day simple moving average is $161.52. The company has a market cap of $54.33 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 0.61 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the prior year, the business earned $3.85 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 17.5% on a year-over-year basis. Sell-side analysts forecast that Royal Caribbean Cruises will post 11.6 EPS for the current year.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the sale, the director now directly owns 25,837 shares in the company, valued at $4,095,164.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction dated 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 directly owns 27,388 shares in the company, valued at $4,620,629.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the sale, the director now owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,596 shares of company stock worth $8,090,059 over the last three months. Company insiders own 7.95% of the company’s stock.

Institutional Trading of Royal Caribbean Cruises

A number of institutional investors have recently modified their holdings of RCL. Capital International Investors raised its stake in Royal Caribbean Cruises by 1.0% in the first quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock worth $4,114,203,000 after buying an additional 286,868 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Royal Caribbean Cruises by 0.5% during the first quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock valued at $3,532,143,000 after purchasing an additional 132,079 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Royal Caribbean Cruises by 24.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock valued at $326,616,000 after purchasing an additional 400,565 shares in the last quarter. D1 Capital Partners L.P. increased its stake in shares of Royal Caribbean Cruises by 105.7% during the second quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock valued at $241,075,000 after purchasing an additional 777,103 shares in the last quarter. Finally, Capital International Inc. CA increased its stake in shares of Royal Caribbean Cruises by 3.3% during the first quarter. Capital International Inc. CA now owns 601,917 shares of the company’s stock valued at $83,672,000 after purchasing an additional 19,065 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.