UBS Group Boosts Royal Caribbean Cruises (NYSE:RCL) Price Target to $168.00

Royal Caribbean Cruises (NYSE:RCL - Free Report) had its price objective increased by UBS Group from $154.00 to $168.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley raised their price target 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. The Goldman Sachs Group reaffirmed a buy rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Stifel Nicolaus raised their price objective on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a buy rating in a research note on Thursday, February 22nd. Barclays raised their price objective on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an overweight rating in a research note on Friday, April 26th. Finally, Macquarie raised their price objective on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an outperform rating in a research note on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $147.00.

Royal Caribbean Cruises Price Performance

NYSE:RCL traded down $0.04 on Tuesday, hitting $140.80. The company had a trading volume of 5,310,094 shares, compared to its average volume of 2,735,773. The stock has a market capitalization of $36.23 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 0.42 and a beta of 2.49. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. The firm has a 50 day moving average of $134.55 and a two-hundred day moving average of $122.26. Royal Caribbean Cruises has a 52 week low of $74.93 and a 52 week high of $143.93.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating the consensus estimate 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 revenue was up 29.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.23) EPS. On average, research analysts anticipate that Royal Caribbean Cruises will post 11.15 earnings per share for the current year.

Insider Transactions at Royal Caribbean Cruises

In related news, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction 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 owns 153,017 shares of the company's stock, valued at approximately $21,365,763.71. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the firm's stock in a transaction 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 sale, the chief executive officer now owns 153,017 shares of the company's stock, valued at approximately $21,365,763.71. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Henry L. Pujol sold 9,944 shares of the firm's stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the sale, the chief accounting officer now directly owns 16,687 shares in the company, valued at approximately $2,356,705.01. The disclosure for this sale can be found here. Insiders own 7.95% of the company's stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several institutional investors and hedge funds have recently modified their holdings of RCL. Kowal Investment Group LLC raised its stake in Royal Caribbean Cruises by 4.0% during the first quarter. Kowal Investment Group LLC now owns 2,286 shares of the company's stock valued at $318,000 after purchasing an additional 87 shares in the last quarter. Pitcairn Co. lifted its holdings in shares of Royal Caribbean Cruises by 3.8% during the 1st quarter. Pitcairn Co. now owns 2,376 shares of the company's stock valued at $330,000 after purchasing an additional 88 shares during the last quarter. West Branch Capital LLC lifted its stake in Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company's stock valued at $39,000 after acquiring an additional 100 shares during the period. Toth Financial Advisory Corp increased its holdings in Royal Caribbean Cruises by 24.6% in the 4th quarter. Toth Financial Advisory Corp now owns 506 shares of the company's stock worth $66,000 after acquiring an additional 100 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Royal Caribbean Cruises by 11.6% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,026 shares of the company's stock worth $143,000 after acquiring an additional 107 shares in the last quarter. 87.53% of the stock is 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.