Jefferies Financial Group Issues Positive Forecast for Royal Caribbean Cruises (NYSE:RCL) Stock Price

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) had its target price upped by stock analysts at Jefferies Financial Group from $235.00 to $315.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "hold" rating on the stock. Jefferies Financial Group's price target would indicate a potential downside of 4.14% from the company's previous close.

A number of other equities research analysts also recently issued reports on RCL. The Goldman Sachs Group decreased their price target on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Northcoast Research assumed coverage on shares of Royal Caribbean Cruises in a research report on Friday, April 25th. They set a "buy" rating and a $279.00 price objective on the stock. Wall Street Zen cut shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. Loop Capital reiterated a "buy" rating and set a $290.00 price objective (up previously from $250.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, June 3rd. Finally, Melius Research upgraded shares of Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $284.65.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock traded down $5.87 on Monday, hitting $328.61. 1,515,947 shares of the company traded hands, compared to its average volume of 2,355,191. The stock has a market capitalization of $89.24 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 0.99 and a beta of 2.17. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.15 and a current ratio of 0.18. Royal Caribbean Cruises has a 52 week low of $130.08 and a 52 week high of $336.44. The business has a 50-day simple moving average of $261.08 and a 200 day simple moving average of $239.01.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.18. The firm had revenue of $4 billion for the quarter, compared to analysts' expectations of $4.02 billion. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.77 earnings per share. Research analysts expect that Royal Caribbean Cruises will post 14.9 earnings per share for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the completion of the transaction, the director owned 165,421 shares in the company, valued at $41,868,055.10. The trade was a 10.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.95% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RCL. Brown Brothers Harriman & Co. increased its stake in Royal Caribbean Cruises by 618.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new position in Royal Caribbean Cruises during the 1st quarter valued at approximately $25,000. Hughes Financial Services LLC acquired a new position in Royal Caribbean Cruises during the 1st quarter valued at approximately $26,000. Fourth Dimension Wealth LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter valued at approximately $35,000. Finally, Optimum Investment Advisors acquired a new position in Royal Caribbean Cruises during the 1st quarter valued at approximately $31,000. Institutional investors own 87.53% of the company's stock.

About Royal Caribbean Cruises

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.

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