Royal Caribbean Cruises (NYSE:RCL) Price Target Increased to $160.00 by Analysts at Susquehanna

Royal Caribbean Cruises (NYSE:RCL) had its target price hoisted by Susquehanna from $150.00 to $160.00 in a report issued on Friday morning, Benzinga reports. Susquehanna currently has a positive rating on the stock.

Other equities analysts have also issued research reports about the company. Macquarie raised their price target on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an outperform rating in a report on Friday, March 15th. UBS Group lifted their price objective on Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a buy rating in a report on Friday, February 16th. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a buy rating in a report on Thursday, February 22nd. Morgan Stanley lifted their price objective on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an equal weight rating in a report on Wednesday, February 7th. Finally, Barclays lifted their price objective on Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an overweight rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Caribbean Cruises currently has an average rating of Moderate Buy and an average price target of $138.76.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $140.59 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54. Royal Caribbean Cruises has a 52-week low of $59.38 and a 52-week high of $141.70. The business’s 50-day moving average price is $130.20 and its 200 day moving average price is $117.47. The firm has a market cap of $36.09 billion, a P/E ratio of 18.12, a P/E/G ratio of 0.46 and a beta of 2.52.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the company posted ($0.23) earnings per share. The business’s revenue was up 29.2% on a year-over-year basis. On average, equities research analysts expect that Royal Caribbean Cruises will post 10.8 earnings per share for the current year.

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the sale, the chief executive officer now owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the transaction, the chief executive officer now directly owns 153,017 shares in the company, valued at approximately $21,365,763.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the transaction, the chief executive officer now owns 166,537 shares of the company’s stock, valued at $19,319,957.37. The disclosure for this sale can be found here. Corporate insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RCL. Norges Bank acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $323,251,000. Eagle Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $79,392,000. Vanguard Group Inc. raised its holdings in Royal Caribbean Cruises by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock valued at $2,295,891,000 after acquiring an additional 487,327 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Royal Caribbean Cruises in the 1st quarter valued at $66,279,000. Finally, Jupiter Asset Management Ltd. raised its holdings in Royal Caribbean Cruises by 476.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 470,816 shares of the company’s stock valued at $43,381,000 after acquiring an additional 389,095 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

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.