Royal Caribbean Cruises Ltd. (RCL) - What Are Brokerages Thinking About This Stock?

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twenty-eight research firms that are covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $350.35.

RCL has been the topic of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Royal Caribbean Cruises from $388.00 to $358.00 and set an "overweight" rating on the stock in a report on Monday, October 12th. BNP Paribas Exane increased their target price on shares of Royal Caribbean Cruises from $357.00 to $392.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. The Goldman Sachs Group raised their price target on shares of Royal Caribbean Cruises from $354.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. TD Cowen raised their price target on shares of Royal Caribbean Cruises from $337.00 to $340.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Jefferies Financial Group upgraded shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating and boosted their price target for the company from $305.00 to $330.00 in a research report on Thursday, October 8th.

Royal Caribbean Cruises Stock Up 2.2%

RCL stock opened at $288.18 on Wednesday. The stock has a 50-day simple moving average of $272.65 and a two-hundred day simple moving average of $282.03. Royal Caribbean Cruises has a twelve month low of $222.22 and a twelve month high of $356.39. The firm has a market capitalization of $77.07 billion, a PE ratio of 17.81, a PEG ratio of 0.99 and a beta of 1.82. The company has a quick ratio of 0.19, a current ratio of 0.21 and a debt-to-equity ratio of 2.03.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) 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 net margin of 23.54% and a return on equity of 43.33%. The firm had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the prior year, the firm posted $4.38 earnings per share. The company's revenue for the quarter 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. On average, equities analysts predict that Royal Caribbean Cruises will post 17.79 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Thursday, September 17th. Royal Caribbean Cruises's dividend payout ratio (DPR) is 37.08%.

Insider Activity

In related news, CEO Michael Bayley sold 12,811 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $315.99, for a total transaction of $4,048,147.89. Following the completion of the sale, the chief executive officer owned 45,297 shares of the company's stock, valued at approximately $14,313,399.03. This trade represents a 22.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.44% of the company's stock.

Hedge Funds Weigh In On Royal Caribbean Cruises

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE bought a new stake in Royal Caribbean Cruises during the second quarter worth about $321,332,000. Quantitative Investment Management LLC purchased a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth about $3,586,000. Proficio Capital Partners LLC purchased a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth about $650,000. Envestnet Asset Management Inc. increased its position in shares of Royal Caribbean Cruises by 5.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 293,714 shares of the company's stock valued at $93,261,000 after purchasing an additional 14,018 shares during the last quarter. Finally, State of Michigan Retirement System bought a new position in shares of Royal Caribbean Cruises during the 1st quarter valued at about $18,080,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd., doing business as Royal Caribbean Group NYSE: RCL, is a global cruise company that operates vacation cruises and related travel experiences. Its fleet visits destinations across the Caribbean, Europe, Alaska, Asia, Australia, and other regions, with itineraries that typically include onboard entertainment, dining, accommodations, recreational activities, and shore excursions.

The company's principal brands include Royal Caribbean International, Celebrity Cruises, and Silversea Cruises.

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