Royal Caribbean Cruises (NYSE:RCL) Upgraded at TD Cowen

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

RCL has been the topic of several other reports. William Blair restated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Tuesday, July 28th. Citigroup increased their price objective 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. Weiss Ratings cut shares of Royal Caribbean Cruises from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 3rd. Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $410.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Loop Capital assumed coverage on Royal Caribbean Cruises in a research note on Monday, June 1st. They issued a “hold” rating and a $304.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $353.40.

Royal Caribbean Cruises Trading Down 0.5%

Shares of Royal Caribbean Cruises stock opened at $258.51 on Tuesday. The stock has a fifty day simple moving average of $293.18 and a 200 day simple moving average of $285.95. Royal Caribbean Cruises has a 12-month low of $232.10 and a 12-month high of $356.39. The company has a market capitalization of $69.14 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 0.93 and a beta of 1.74. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 2.03.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, July 28th. The company reported $4.21 EPS for the quarter, beating analysts’ consensus estimates of $3.98 by $0.23. The business had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.82 billion. Royal Caribbean Cruises had a return on equity of 43.33% and a net margin of 23.54%.Royal Caribbean Cruises’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.38 EPS. 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. On average, sell-side analysts anticipate that Royal Caribbean Cruises will post 17.78 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

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

Insider Buying and Selling at Royal Caribbean Cruises

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

Institutional Trading of Royal Caribbean Cruises

Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its stake in Royal Caribbean Cruises by 34,251.2% in the second quarter. California State Teachers Retirement System now owns 118,498,068 shares of the company’s stock valued at $37,626,692,000 after purchasing an additional 118,153,108 shares during the last quarter. Capital International Investors increased its position in Royal Caribbean Cruises by 9.8% in the fourth quarter. Capital International Investors now owns 36,165,358 shares of the company’s stock worth $10,088,156,000 after buying an additional 3,215,382 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Royal Caribbean Cruises in the second quarter valued at $6,549,422,000. Capital Research Global Investors raised its stake in shares of Royal Caribbean Cruises by 4.8% in the fourth quarter. Capital Research Global Investors now owns 20,176,544 shares of the company’s stock valued at $5,627,669,000 after buying an additional 920,042 shares during the period. Finally, State Street Corp raised its stake in shares of Royal Caribbean Cruises by 0.8% in the third quarter. State Street Corp now owns 10,576,751 shares of the company’s stock valued at $3,433,052,000 after buying an additional 84,202 shares during the period. Institutional investors own 87.53% of the company’s stock.

About Royal Caribbean Cruises

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.