Tigress Financial Issues Positive Forecast for Royal Caribbean Cruises (NYSE:RCL) Stock Price

Royal Caribbean Cruises (NYSE:RCL) had its price objective lifted by Tigress Financial from $210.00 to $270.00 in a research report sent to investors on Thursday morning,Benzinga reports. Tigress Financial currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on the company. Morgan Stanley upped their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Truist Financial increased their price objective on Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Mizuho raised their target price on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. StockNews.com downgraded shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company raised their price objective on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and an average price target of $218.00.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $225.27 on Thursday. The company has a market capitalization of $60.57 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 0.60 and a beta of 2.59. Royal Caribbean Cruises has a 52-week low of $92.15 and a 52-week high of $228.08. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. The stock has a 50 day moving average price of $186.20 and a 200 day moving average price of $164.61.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 29th. The company reported $5.20 EPS 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 the consensus estimate of $4.89 billion. During the same period last year, the firm posted $3.85 EPS. The company’s revenue was up 17.5% on a year-over-year basis. Research analysts predict that Royal Caribbean Cruises will post 11.65 EPS for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the sale, the director now owns 204,521 shares of the company’s stock, valued at $42,953,500.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the transaction, the director now directly owns 204,521 shares in the company, valued at $42,953,500.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,596 shares of company stock valued at $8,090,059. 7.95% of the stock is owned by company insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several hedge funds have recently made changes to their positions in the business. Plato Investment Management Ltd acquired a new stake in shares of Royal Caribbean Cruises in the third quarter worth approximately $26,000. Unique Wealth Strategies LLC purchased a new position in Royal Caribbean Cruises during the second quarter worth approximately $27,000. Versant Capital Management Inc boosted its holdings in shares of Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after purchasing an additional 172 shares during the last quarter. DiNuzzo Private Wealth Inc. grew its stake in shares of Royal Caribbean Cruises by 257.4% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after buying an additional 121 shares during the period. Finally, AlphaMark Advisors LLC increased its holdings in shares of Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after buying an additional 140 shares during the last quarter. Institutional investors and hedge funds 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.