Royal Caribbean Cruises (NYSE:RCL) Price Target Increased to $159.00 by Analysts at Wells Fargo & Company

Royal Caribbean Cruises (NYSE:RCL) had its target price boosted by Wells Fargo & Company from $153.00 to $159.00 in a research report released on Friday, Benzinga reports. They currently have an overweight rating on the stock.

RCL has been the subject of a number of other research reports. Macquarie lifted their target price on shares of 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 boosted their price target on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a buy rating in a report on Friday, February 16th. Barclays boosted their price target on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an overweight rating in a report on Friday. Morgan Stanley boosted their price target on shares of 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, Stifel Nicolaus upped their target price on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the stock a buy rating in a research note on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $138.76.

Royal Caribbean Cruises Price Performance

RCL opened at $140.58 on Friday. The company has a fifty day moving average price of $130.20 and a two-hundred day moving average price of $117.47. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19. Royal Caribbean Cruises has a 52 week low of $59.38 and a 52 week high of $141.70. The firm has a market capitalization of $36.08 billion, a PE 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 earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the business earned ($0.23) EPS. The business’s quarterly revenue was up 29.2% compared to the same quarter last year. As a group, analysts anticipate that Royal Caribbean Cruises will post 10.8 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Royal Caribbean Cruises

A number of institutional investors and hedge funds have recently modified their holdings of the company. Nordea Investment Management AB grew its stake in Royal Caribbean Cruises by 120.9% in the 4th quarter. Nordea Investment Management AB now owns 194,018 shares of the company’s stock valued at $25,149,000 after buying an additional 106,203 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Royal Caribbean Cruises by 1,672.8% in the 4th quarter. Geneos Wealth Management Inc. now owns 18,845 shares of the company’s stock valued at $2,440,000 after buying an additional 17,782 shares during the last quarter. Retireful LLC acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at about $1,977,000. Bank of New York Mellon Corp grew its stake in Royal Caribbean Cruises by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,533,566 shares of the company’s stock valued at $141,303,000 after buying an additional 10,095 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at about $1,120,000. 87.53% of the stock is owned by institutional investors.

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.