Royal Caribbean Cruises (NYSE:RCL) Rating Increased to Strong-Buy at TD Cowen

TD Cowen upgraded shares of Royal Caribbean Cruises (NYSE:RCL) to a strong-buy rating in a report issued on Tuesday morning,Zacks reports.

Several other research firms also recently weighed in on RCL. Weiss Ratings downgraded shares of Royal Caribbean Cruises from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 3rd. Citigroup raised their target price on shares of Royal Caribbean Cruises from $327.00 to $362.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Morgan Stanley boosted their price target on shares of Royal Caribbean Cruises from $280.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. UBS Group reaffirmed a “buy” rating and issued a $367.00 price target on shares of Royal Caribbean Cruises in a research note on Monday, August 3rd. Finally, Truist Financial decreased their price objective on shares of Royal Caribbean Cruises from $318.00 to $297.00 and set a “hold” rating for the company in a report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $353.40.

Royal Caribbean Cruises Stock Down 0.5%

RCL opened at $258.51 on Tuesday. Royal Caribbean Cruises has a 12 month low of $232.10 and a 12 month high of $356.39. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.21 and a quick ratio of 0.19. The stock has a market cap of $69.14 billion, a P/E ratio of 15.98, a P/E/G ratio of 0.93 and a beta of 1.74. The stock’s 50 day moving average price is $293.18 and its 200 day moving average price is $285.95.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $4.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.98 by $0.23. Royal Caribbean Cruises had a return on equity of 43.33% and a net margin of 23.54%.The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same quarter in the previous year, the firm posted $4.38 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2026 guidance at 17.730-17.870 EPS and its Q3 2026 guidance at 6.260-6.360 EPS. As a group, research analysts predict that Royal Caribbean Cruises will post 17.78 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th will be given a $1.50 dividend. The ex-dividend date is Thursday, September 17th. This represents a $6.00 annualized dividend and a yield of 2.3%. Royal Caribbean Cruises’s payout ratio is 37.08%.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CEO Michael Bayley sold 12,811 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $315.99, for a total value of $4,048,147.89. Following the completion of the sale, the chief executive officer directly owned 45,297 shares of the company’s stock, valued at approximately $14,313,399.03. This represents a 22.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.44% of the company’s stock.

Institutional Trading of Royal Caribbean Cruises

A number of hedge funds and other institutional investors have recently made changes to their positions in RCL. Brighton Jones LLC grew its position in Royal Caribbean Cruises by 12.2% in the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock worth $303,000 after buying an additional 143 shares during the last quarter. Woodline Partners LP lifted its position in shares of Royal Caribbean Cruises by 40.8% during the 1st quarter. Woodline Partners LP now owns 20,918 shares of the company’s stock valued at $4,297,000 after acquiring an additional 6,063 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at $1,762,000. Baird Financial Group Inc. boosted its stake in shares of Royal Caribbean Cruises by 5.4% during the 2nd quarter. Baird Financial Group Inc. now owns 4,772 shares of the company’s stock worth $1,494,000 after acquiring an additional 243 shares in the last quarter. Finally, Brown Advisory Inc. bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth $357,000. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd., now operating as Royal Caribbean Group, is a global cruise vacation company headquartered in Miami, Florida. The company provides cruise vacations and related travel experiences through a fleet of ocean-going ships serving destinations across the Caribbean, Europe, Alaska, Asia, Australia and New Zealand, and other regions.

Royal Caribbean Group’s principal brands include Royal Caribbean International, Celebrity Cruises and Silversea. Royal Caribbean International focuses on large-ship vacations featuring entertainment, dining, family activities and onboard attractions; Celebrity Cruises offers premium cruises; and Silversea specializes in luxury and expedition voyages.