Royal Caribbean Cruises (NYSE:RCL) Hits New 52-Week High at $143.71

Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as $143.71 and last traded at $143.65, with a volume of 438859 shares traded. The stock had previously closed at $143.25.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Bank of America upped their target price on Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a "neutral" rating in a research report on Thursday, May 2nd. Wells Fargo & Company raised their price objective on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the stock an "overweight" rating in a research report on Friday, April 26th. Susquehanna boosted their target price on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a "positive" rating in a research report on Friday, April 26th. Barclays raised their price target on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an "overweight" rating in a report on Friday, April 26th. Finally, Morgan Stanley upped their price objective 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. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $146.13.

Royal Caribbean Cruises Stock Performance

The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19. The company's 50 day moving average price is $133.15 and its 200-day moving average price is $120.60. The stock has a market cap of $36.44 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 0.41 and a beta of 2.49.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.44. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm's quarterly revenue was up 29.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.23) EPS. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of the company's stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total value of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now owns 16,687 shares in the company, valued at approximately $2,356,705.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the sale, the chief accounting officer now owns 16,687 shares of the company's stock, valued at $2,356,705.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 153,017 shares of the company's stock, valued at $21,365,763.71. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,697 shares of company stock worth $9,749,357. 7.95% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RCL. Norges Bank bought a new stake in Royal Caribbean Cruises in the 4th quarter valued at about $323,251,000. Eagle Asset Management Inc. purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at approximately $79,392,000. Vanguard Group Inc. boosted its holdings in Royal Caribbean Cruises by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company's stock worth $2,295,891,000 after buying an additional 487,327 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in Royal Caribbean Cruises in the 1st quarter valued at approximately $66,279,000. Finally, Jupiter Asset Management Ltd. grew its stake in Royal Caribbean Cruises by 476.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 470,816 shares of the company's stock valued at $43,381,000 after buying an additional 389,095 shares in the last quarter. Hedge funds and other 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.