Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $141.70 and last traded at $141.29, with a volume of 1659620 shares trading hands. The stock had previously closed at $138.49.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on RCL shares. Macquarie raised their price target on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, March 15th. Argus raised their price objective on shares of Royal Caribbean Cruises from $95.00 to $142.00 and gave the stock a "buy" rating in a report on Thursday, December 21st. Susquehanna raised their price objective on shares of Royal Caribbean Cruises from $120.00 to $150.00 and gave the stock a "positive" rating in a report on Wednesday, January 31st. Morgan Stanley raised their price objective on shares of Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 7th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Royal Caribbean Cruises in a report on Monday. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and a consensus price target of $134.56.
View Our Latest Report on RCL
Royal Caribbean Cruises Stock Performance
The stock has a market cap of $34.67 billion, a P/E ratio of 22.28, a PEG ratio of 0.50 and a beta of 2.52. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16. The firm's 50-day moving average price is $126.38 and its 200-day moving average price is $112.80.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.36 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The company's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period last year, the company earned ($1.12) EPS. Sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 10.08 earnings per share for the current fiscal year.
Insider Activity
In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 11,753 shares of the company's stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the transaction, the chief executive officer now owns 166,537 shares of the company's stock, valued at approximately $19,319,957.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.70% of the company's stock.
Hedge Funds Weigh In On Royal Caribbean Cruises
Hedge funds have recently bought and sold shares of the business. Symmetry Partners LLC purchased a new stake in shares of Royal Caribbean Cruises in the 1st quarter worth $1,611,000. HighPoint Advisor Group LLC purchased a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth $2,837,000. PNC Financial Services Group Inc. lifted its holdings in shares of Royal Caribbean Cruises by 1.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 46,653 shares of the company's stock worth $6,041,000 after buying an additional 527 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Royal Caribbean Cruises by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 25,277,193 shares of the company's stock worth $3,273,144,000 after buying an additional 359,770 shares during the period. Finally, Fortis Group Advisors LLC lifted its holdings in shares of Royal Caribbean Cruises by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 2,100 shares of the company's stock worth $272,000 after buying an additional 1,050 shares during the period. Institutional investors own 87.53% of the company's stock.
Royal Caribbean Cruises Company Profile
(
Get Free Report)
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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