Barclays Increases Royal Caribbean Cruises (NYSE:RCL) Price Target to $154.00

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) had its price objective boosted by Barclays from $150.00 to $154.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's target price would suggest a potential upside of 15.13% from the company's current price.

A number of other research firms have also commented on RCL. Macquarie increased their price objective on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, March 15th. Tigress Financial increased their price objective on Royal Caribbean Cruises from $139.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday, December 21st. Morgan Stanley increased their price objective on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 7th. The Goldman Sachs Group reissued a "buy" rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Finally, Argus raised their price target on Royal Caribbean Cruises from $95.00 to $142.00 and gave the stock a "buy" rating in a research note on Thursday, December 21st. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Royal Caribbean Cruises has a consensus rating of "Moderate Buy" and a consensus price target of $135.25.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock traded up $2.86 during trading hours on Thursday, hitting $133.76. The stock had a trading volume of 3,510,125 shares, compared to its average volume of 2,722,797. 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 stock has a market capitalization of $34.33 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 0.50 and a beta of 2.52. Royal Caribbean Cruises has a 1-year low of $59.37 and a 1-year high of $141.70. The stock's fifty day moving average is $127.20 and its two-hundred day moving average is $114.18.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. The business had revenue of $3.33 billion for 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 business's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter last year, the company earned ($1.12) earnings per share. As a group, analysts predict that Royal Caribbean Cruises will post 10.08 earnings per share for the current fiscal year.

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 11,753 shares of the firm's stock in a transaction dated 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 directly owns 166,537 shares in the company, valued at approximately $19,319,957.37. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.70% of the company's stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

Hedge funds have recently modified their holdings of the stock. Dagco Inc. purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at about $25,000. BKM Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at about $26,000. Scarborough Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at about $26,000. ST Germain D J Co. Inc. raised its holdings in shares of Royal Caribbean Cruises by 65.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 330 shares of the company's stock valued at $30,000 after buying an additional 130 shares during the period. Finally, Creekmur Asset Management LLC purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at about $30,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

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.