Royal Caribbean Cruises (NYSE:RCL) Price Target Raised to $159.00 at Wells Fargo & Company

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) had its price objective raised by equities research analysts at Wells Fargo & Company from $153.00 to $159.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Wells Fargo & Company's price target suggests a potential upside of 13.10% from the company's current price.

Other research analysts also recently issued research reports about the stock. Barclays increased their price target on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an "overweight" rating in a report on Friday. Mizuho raised their target price on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the company a "buy" rating in a research note on Friday. Susquehanna lifted their price objective on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a "positive" rating in a research note on Friday. Morgan Stanley lifted 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 research note on Wednesday, February 7th. Finally, Macquarie raised their target price on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $138.76.

Royal Caribbean Cruises Trading Up 2.3 %

Shares of NYSE:RCL traded up $3.11 during trading on Friday, reaching $140.58. The company's stock had a trading volume of 2,759,776 shares, compared to its average volume of 2,785,707. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 4.03. Royal Caribbean Cruises has a 12 month low of $59.38 and a 12 month high of $141.70. The firm's 50 day simple moving average is $130.20 and its two-hundred day simple moving average is $117.47. The stock has a market capitalization of $36.08 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 0.50 and a beta of 2.52.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the firm earned ($0.23) EPS. The firm's revenue for the quarter was up 29.2% compared to the same quarter last year. On average, research analysts predict that Royal Caribbean Cruises will post 10.06 EPS for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CEO Jason T. Liberty sold 50,000 shares of the business's stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the transaction, the chief executive officer now owns 153,017 shares of the company's stock, valued at $21,365,763.71. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Michael W. Bayley sold 11,753 shares of the business's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the sale, the chief executive officer now directly owns 166,537 shares in the company, valued at $19,319,957.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jason T. Liberty sold 50,000 shares of the business's stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the sale, the chief executive officer now owns 153,017 shares of the company's stock, valued at $21,365,763.71. The disclosure for this sale can be found here. 8.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RCL. BKM Wealth Management LLC acquired a new stake in Royal Caribbean Cruises in the fourth quarter valued at $26,000. Scarborough Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $26,000. ST Germain D J Co. Inc. raised its holdings in shares of Royal Caribbean Cruises by 65.0% during the third quarter. ST Germain D J Co. Inc. now owns 330 shares of the company's stock worth $30,000 after purchasing an additional 130 shares during the period. Creekmur Asset Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $30,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $33,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. 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.