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

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty-one analysts that are covering the stock, Marketbeat Ratings reports. Three 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 12 month target price among brokerages that have updated their coverage on the stock in the last year is $280.40.

Several research firms have recently commented on RCL. Barclays raised their price objective on shares of Royal Caribbean Cruises from $249.00 to $263.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Stifel Nicolaus boosted their target price on Royal Caribbean Cruises from $275.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. BNP Paribas started coverage on Royal Caribbean Cruises in a research note on Thursday, March 27th. They set an "outperform" rating and a $262.00 price target on the stock. Morgan Stanley increased their target price on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Finally, Northcoast Research began coverage on Royal Caribbean Cruises in a research report on Friday, April 25th. They issued a "buy" rating and a $279.00 price target on the stock.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the sale, the director directly owned 165,421 shares in the company, valued at approximately $41,868,055.10. The trade was a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.95% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RCL. Financial Gravity Asset Management Inc. acquired a new stake in Royal Caribbean Cruises in the 1st quarter valued at about $25,000. Hughes Financial Services LLC purchased a new stake in shares of Royal Caribbean Cruises in the first quarter valued at about $26,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Royal Caribbean Cruises by 618.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. Optimum Investment Advisors acquired a new stake in shares of Royal Caribbean Cruises in the first quarter valued at approximately $31,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $326.17 on Thursday. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 2.21. The stock's 50-day moving average price is $256.19 and its 200-day moving average price is $237.62. The stock has a market capitalization of $88.57 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 0.94 and a beta of 2.17. Royal Caribbean Cruises has a 52 week low of $130.08 and a 52 week high of $326.84.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.18. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. The company had revenue of $4 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. As a group, equities analysts expect that Royal Caribbean Cruises will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.92%. Royal Caribbean Cruises's dividend payout ratio is currently 24.92%.

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.

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