Investment Analysts’ Weekly Ratings Changes for Royal Caribbean Cruises (RCL)

Posted by Jessica Moore on Dec 24th, 2024

Several analysts have recently updated their ratings and price targets for Royal Caribbean Cruises (NYSE: RCL):

12/13/2024 – Royal Caribbean Cruises had its price target raised by analysts at Barclays PLC from $245.00 to $287.00. They now have an “overweight” rating on the stock.
12/11/2024 – Royal Caribbean Cruises had its price target raised by analysts at Citigroup Inc. from $257.00 to $283.00. They now have a “buy” rating on the stock.
12/10/2024 – Royal Caribbean Cruises had its price target raised by analysts at The Goldman Sachs Group, Inc. from $245.00 to $275.00. They now have a “buy” rating on the stock.
12/6/2024 – Royal Caribbean Cruises had its price target raised by analysts at Stifel Nicolaus from $250.00 to $310.00. They now have a “buy” rating on the stock.
12/2/2024 – Royal Caribbean Cruises had its price target raised by analysts at Truist Financial Co. from $204.00 to $272.00. They now have a “buy” rating on the stock.
11/26/2024 – Royal Caribbean Cruises is now covered by analysts at Sanford C. Bernstein. They set an “outperform” rating and a $290.00 price target on the stock.
11/26/2024 – Royal Caribbean Cruises was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
11/18/2024 – Royal Caribbean Cruises was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
11/13/2024 – Royal Caribbean Cruises had its price target raised by analysts at Bank of America Co. from $210.00 to $240.00. They now have a “neutral” rating on the stock.
11/7/2024 – Royal Caribbean Cruises was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
11/7/2024 – Royal Caribbean Cruises had its price target raised by analysts at Tigress Financial from $210.00 to $270.00. They now have a “buy” rating on the stock.
10/30/2024 – Royal Caribbean Cruises was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
10/30/2024 – Royal Caribbean Cruises had its price target raised by analysts at Wells Fargo & Company from $180.00 to $232.00. They now have an “overweight” rating on the stock.
10/30/2024 – Royal Caribbean Cruises had its price target raised by analysts at Barclays PLC from $244.00 to $245.00. They now have an “overweight” rating on the stock.
10/30/2024 – Royal Caribbean Cruises had its price target raised by analysts at Macquarie from $189.00 to $250.00. They now have an “outperform” rating on the stock.
10/30/2024 – Royal Caribbean Cruises had its price target raised by analysts at Bank of America Co. from $205.00 to $210.00. They now have a “neutral” rating on the stock.
10/30/2024 – Royal Caribbean Cruises had its price target raised by analysts at Citigroup Inc. from $253.00 to $257.00. They now have a “buy” rating on the stock.
10/30/2024 – Royal Caribbean Cruises had its price target raised by analysts at The Goldman Sachs Group, Inc. from $220.00 to $245.00. They now have a “buy” rating on the stock.
10/29/2024 – Royal Caribbean Cruises had its price target raised by analysts at JPMorgan Chase & Co. from $213.00 to $243.00. They now have an “overweight” rating on the stock.

Royal Caribbean Cruises Trading Up 1.0 %

Shares of NYSE:RCL traded up $2.43 during midday trading on Tuesday, hitting $240.30. 514,097 shares of the stock traded hands, compared to its average volume of 2,327,695. 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 business’s 50 day moving average is $227.95 and its two-hundred day moving average is $185.96. The stock has a market capitalization of $64.61 billion, a PE ratio of 24.70, a P/E/G ratio of 0.65 and a beta of 2.60. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one year high of $258.70.

Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter last year, the business posted $3.85 EPS. The business’s revenue was up 17.5% on a year-over-year basis. As a group, research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Friday, December 27th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Friday, December 27th. Royal Caribbean Cruises’s payout ratio is currently 22.61%.

Insiders Place Their Bets

In other news, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the sale, the chief accounting officer now directly owns 9,964 shares of the company’s stock, valued at $2,077,593.64. The trade was a 40.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard D. Fain sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the completion of the sale, the director now directly owns 204,521 shares in the company, valued at $42,953,500.42. This trade represents a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 404,332 shares of company stock worth $94,299,521. 7.95% of the stock is currently owned by corporate insiders.

Institutional Trading of Royal Caribbean Cruises

Several institutional investors have recently added to or reduced their stakes in the business. Plato Investment Management Ltd purchased a new stake in Royal Caribbean Cruises during the third quarter valued at $26,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Royal Caribbean Cruises in the 3rd quarter worth $27,000. DiNuzzo Private Wealth Inc. lifted its position in Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares in the last quarter. LRI Investments LLC purchased a new stake in Royal Caribbean Cruises in the third quarter worth about $31,000. Finally, Meeder Asset Management Inc. lifted its position in shares of Royal Caribbean Cruises by 50.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock valued at $37,000 after buying an additional 78 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

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.