Royal Caribbean Cruises Ltd. (NYSE:RCL) Given Average Rating of "Moderate Buy" by Analysts

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) have been assigned an average rating of "Moderate Buy" from the twenty-one analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $276.90.

A number of equities research analysts recently issued reports on the company. Morgan Stanley upped their target price on Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Macquarie reduced their target price on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Truist Financial upped their target price on Royal Caribbean Cruises from $272.00 to $275.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Stifel Nicolaus upped their target price on Royal Caribbean Cruises from $275.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, The Goldman Sachs Group reduced their target price on Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd.

Royal Caribbean Cruises Stock Performance

RCL opened at $276.54 on Friday. The stock has a market cap of $75.10 billion, a P/E ratio of 25.87, a P/E/G ratio of 0.90 and a beta of 2.14. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. The stock's 50 day simple moving average is $224.35 and its 200 day simple moving average is $233.03. Royal Caribbean Cruises has a 1-year low of $130.08 and a 1-year high of $277.08.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.53 by $0.18. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the prior year, the company earned $1.77 EPS. Royal Caribbean Cruises's revenue was up 7.3% on a year-over-year basis. As a group, equities analysts anticipate that Royal Caribbean Cruises will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.08%. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 24.92%.

Royal Caribbean Cruises declared that its Board of Directors has authorized a stock repurchase program on Wednesday, February 12th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 1.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Richard D. Fain sold 19,600 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $253.10, for a total value of $4,960,760.00. Following the completion of the sale, the director now directly owns 165,421 shares in the company, valued at approximately $41,868,055.10. This represents a 10.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.95% of the company's stock.

Institutional Trading of Royal Caribbean Cruises

Large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of Royal Caribbean Cruises by 12.2% during the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock valued at $303,000 after acquiring an additional 143 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Royal Caribbean Cruises by 3.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 5,861 shares of the company's stock valued at $1,352,000 after acquiring an additional 171 shares in the last quarter. Stratos Wealth Advisors LLC grew its stake in shares of Royal Caribbean Cruises by 9.8% during the fourth quarter. Stratos Wealth Advisors LLC now owns 2,317 shares of the company's stock valued at $535,000 after acquiring an additional 207 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Royal Caribbean Cruises by 29.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,902 shares of the company's stock valued at $5,795,000 after acquiring an additional 5,735 shares in the last quarter. Finally, Choreo LLC grew its stake in shares of Royal Caribbean Cruises by 3.8% during the fourth quarter. Choreo LLC now owns 8,778 shares of the company's stock valued at $2,041,000 after acquiring an additional 324 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.