Royal Caribbean Cruises (NYSE:RCL) Price Target Raised to $381.00

Royal Caribbean Cruises (NYSE:RCL) had its price target increased by Mizuho from $378.00 to $381.00 in a report issued on Thursday, MarketBeat.com reports. The firm currently has an outperform rating on the stock.

A number of other brokerages also recently weighed in on RCL. The Goldman Sachs Group cut their price objective on Royal Caribbean Cruises from $334.00 to $275.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. Jefferies Financial Group dropped their price target on shares of Royal Caribbean Cruises from $286.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, December 15th. Bank of America upped their price objective on shares of Royal Caribbean Cruises from $325.00 to $330.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a research note on Friday, October 31st. Finally, William Blair reissued an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $327.68.

Royal Caribbean Cruises Trading Up 0.2%

Shares of NYSE:RCL opened at $286.18 on Thursday. The stock has a market capitalization of $78.04 billion, a PE ratio of 19.25, a P/E/G ratio of 0.80 and a beta of 1.94. Royal Caribbean Cruises has a 1 year low of $164.01 and a 1 year high of $366.50. The firm has a fifty day moving average price of $277.02 and a 200 day moving average price of $305.12. The company has a current ratio of 0.16, a quick ratio of 0.14 and a debt-to-equity ratio of 1.67.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, beating the consensus estimate of $5.68 by $0.07. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period last year, the company earned $5.20 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS and its Q4 2025 guidance at 2.740-2.790 EPS. Analysts expect that Royal Caribbean Cruises will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, December 26th. This represents a $4.00 annualized dividend and a dividend yield of 1.4%. Royal Caribbean Cruises’s payout ratio is presently 26.90%.

Royal Caribbean Cruises declared that its board has initiated a stock repurchase program on Wednesday, December 10th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction of $309,936.00. Following the sale, the director directly owned 14,234 shares of the company’s stock, valued at $4,010,571.84. This trade represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.95% of the company’s stock.

Institutional Trading of Royal Caribbean Cruises

A number of hedge funds have recently modified their holdings of RCL. Opal Wealth Advisors LLC bought a new stake in shares of Royal Caribbean Cruises during the second quarter valued at approximately $27,000. SRH Advisors LLC acquired a new stake in Royal Caribbean Cruises during the fourth quarter worth $28,000. 1 North Wealth Services LLC bought a new stake in Royal Caribbean Cruises in the 2nd quarter valued at $31,000. Evolution Wealth Management Inc. acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $31,000. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $32,000. Institutional investors own 87.53% of the company’s stock.

About Royal Caribbean Cruises

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.