Royal Caribbean Cruises (NYSE:RCL) Now Covered by Analysts at Loop Capital

Loop Capital started coverage on shares of Royal Caribbean Cruises (NYSE:RCL) in a research report report published on Tuesday, Marketbeat Ratings reports. The brokerage issued a hold rating and a $250.00 price target on the stock.

Several other brokerages have also recently issued reports on RCL. Stifel Nicolaus increased their price target on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. raised their target price on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Wells Fargo & Company raised their target price on shares of Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Macquarie raised their target price on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Sanford C. Bernstein initiated coverage on shares of Royal Caribbean Cruises in a report on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 target price on the stock. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $280.59.

Royal Caribbean Cruises Stock Up 1.3 %

Shares of RCL opened at $270.35 on Tuesday. The stock has a market capitalization of $72.69 billion, a PE ratio of 25.29, a P/E/G ratio of 0.98 and a beta of 2.59. Royal Caribbean Cruises has a 1 year low of $113.10 and a 1 year high of $277.08. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. The company’s 50-day simple moving average is $241.66 and its 200-day simple moving average is $204.16.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same quarter in the previous year, the firm earned $1.25 EPS. Analysts forecast that Royal Caribbean Cruises will post 14.96 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.81%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.58%.

Insider Transactions at Royal Caribbean Cruises

In other news, EVP Harri U. Kulovaara sold 3,256 shares of the firm’s 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 transaction, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their ownership of the stock. The sale 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 the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the transaction, the director now owns 18,556,860 shares in the company, valued at approximately $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. Over the last ninety days, insiders have sold 372,609 shares of company stock worth $87,647,208. Insiders own 7.95% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

A number of hedge funds have recently modified their holdings of RCL. Hemington Wealth Management grew its position in Royal Caribbean Cruises by 9.0% in the 4th quarter. Hemington Wealth Management now owns 533 shares of the company’s stock valued at $123,000 after buying an additional 44 shares during the last quarter. Verdence Capital Advisors LLC grew its position in Royal Caribbean Cruises by 3.6% in the 4th quarter. Verdence Capital Advisors LLC now owns 1,358 shares of the company’s stock valued at $313,000 after buying an additional 47 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in Royal Caribbean Cruises by 2.2% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,360 shares of the company’s stock valued at $544,000 after buying an additional 50 shares during the last quarter. Bartlett & CO. Wealth Management LLC grew its position in Royal Caribbean Cruises by 12.3% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 457 shares of the company’s stock valued at $106,000 after buying an additional 50 shares during the last quarter. Finally, DT Investment Partners LLC grew its position in Royal Caribbean Cruises by 16.7% in the 4th quarter. DT Investment Partners LLC now owns 350 shares of the company’s stock valued at $81,000 after buying an additional 50 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Company Profile

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.