Royal Caribbean Cruises' (RCL) "Buy" Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group reissued their buy rating on shares of Royal Caribbean Cruises (NYSE:RCL - Free Report) in a research note released on Monday morning, Benzinga reports.

RCL has been the topic of a number of other research reports. UBS Group increased their price objective on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a buy rating in a research report on Friday, February 16th. Morgan Stanley increased 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 report on Wednesday, February 7th. Barclays upped their target price on shares of Royal Caribbean Cruises from $141.00 to $143.00 and gave the stock an overweight rating in a report on Friday, January 19th. Susquehanna upped their target price 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. Finally, TheStreet upgraded shares of Royal Caribbean Cruises from a d+ rating to a c- rating in a report on Tuesday, December 5th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $134.56.

Royal Caribbean Cruises Trading Up 1.1 %

RCL traded up $1.55 during trading on Monday, reaching $140.56. 2,187,977 shares of the stock traded hands, compared to its average volume of 2,684,349. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03. The stock has a market capitalization of $36.08 billion, a PE ratio of 22.60, a P/E/G ratio of 0.50 and a beta of 2.52. The stock's 50-day moving average is $125.60 and its 200 day moving average is $112.05. Royal Caribbean Cruises has a 12 month low of $59.37 and a 12 month high of $141.62.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings results 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 analysts' expectations of $3.36 billion. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The business's quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.12) earnings per share. Equities analysts anticipate that Royal Caribbean Cruises will post 10.08 earnings per share for the current year.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 11,753 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the transaction, the chief executive officer now directly owns 166,537 shares of the company's stock, valued at approximately $19,319,957.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.70% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. HighPoint Advisor Group LLC bought a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at approximately $2,837,000. PNC Financial Services Group Inc. boosted its holdings in 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. grew its stake in Royal Caribbean Cruises by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 25,277,193 shares of the company's stock valued at $3,273,144,000 after buying an additional 359,770 shares in the last quarter. Fortis Group Advisors LLC grew its stake in Royal Caribbean Cruises by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 2,100 shares of the company's stock valued at $272,000 after buying an additional 1,050 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in Royal Caribbean Cruises in the 4th quarter valued at approximately $30,000. 87.53% of the stock is owned by 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.