Royal Caribbean Cruises (NYSE:RCL) Coverage Initiated by Analysts at Mizuho

Mizuho assumed coverage on shares of Royal Caribbean Cruises (NYSE:RCLFree Report) in a report published on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $164.00 target price on the stock.

A number of other analysts also recently issued reports on the company. Argus lifted their price target on Royal Caribbean Cruises from $95.00 to $142.00 and gave the company a buy rating in a research report on Thursday, December 21st. Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a buy rating in a research report on Thursday, February 22nd. Wells Fargo & Company boosted their target price on Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an overweight rating in a research report on Monday, February 26th. Macquarie boosted their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an outperform rating in a research report on Friday, March 15th. Finally, Susquehanna boosted their target price on Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a positive rating in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of Moderate Buy and a consensus price target of $136.94.

Check Out Our Latest Stock Analysis on RCL

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $129.21 on Wednesday. The company has a market cap of $33.17 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 0.46 and a beta of 2.52. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 4.03. The stock has a 50-day moving average price of $128.21 and a 200-day moving average price of $116.01. Royal Caribbean Cruises has a 12-month low of $59.37 and a 12-month high of $141.70.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.36 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The company’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the company posted ($1.12) EPS. As a group, equities analysts forecast that Royal Caribbean Cruises will post 10.01 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the transaction, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

Several hedge funds have recently made changes to their positions in the business. Kowal Investment Group LLC grew its stake in Royal Caribbean Cruises by 4.0% in the first quarter. Kowal Investment Group LLC now owns 2,286 shares of the company’s stock worth $318,000 after purchasing an additional 87 shares during the period. West Branch Capital LLC grew its stake in Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 100 shares during the period. Toth Financial Advisory Corp grew its stake in Royal Caribbean Cruises by 24.6% in the fourth quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock worth $66,000 after purchasing an additional 100 shares during the period. Massmutual Trust Co. FSB ADV grew its stake in Royal Caribbean Cruises by 11.6% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,026 shares of the company’s stock worth $143,000 after purchasing an additional 107 shares during the period. Finally, Ballentine Partners LLC grew its stake in Royal Caribbean Cruises by 2.7% in the first quarter. Ballentine Partners LLC now owns 4,304 shares of the company’s stock worth $598,000 after purchasing an additional 115 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Royal Caribbean Cruises (NYSE:RCL)

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