Analysts Set Royal Caribbean Cruises Ltd. (NYSE:RCL) Target Price at $311.05

Key Points

• Royal Caribbean Cruises Ltd. has a consensus rating of "Moderate Buy" from 23 research firms, with 18 analysts issuing buy recommendations and one a strong buy.
• The company's stock target prices have seen recent increases, with Citigroup setting a target at $390.00 and Bank of America at $355.00.
• The firm reported a net margin of 19.38% and a revenue of $4 billion for the last quarter, surpassing estimates and showing a 7.3% increase year-over-year.

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-three ratings firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $321.10.

A number of equities analysts recently commented on RCL shares. Jefferies Financial Group increased their price target on Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a "hold" rating in a research note on Monday, July 7th. Barclays increased their price target on Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. UBS Group set a $311.00 price target on Royal Caribbean Cruises and gave the company a "buy" rating in a research note on Tuesday, May 20th. Sanford C. Bernstein increased their price target on Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Stifel Nicolaus raised their price objective on Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday.

Royal Caribbean Cruises Stock Performance

RCL traded down $9.12 during midday trading on Monday, reaching $322.04. The company had a trading volume of 1,270,743 shares, compared to its average volume of 2,565,814. The company has a quick ratio of 0.15, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. Royal Caribbean Cruises has a 1 year low of $130.08 and a 1 year high of $355.91. The business has a 50-day moving average of $299.59 and a two-hundred day moving average of $252.59. The company has a market cap of $87.45 billion, a P/E ratio of 24.14, a P/E/G ratio of 0.94 and a beta of 2.17.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%. The firm had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter last year, the business posted $3.21 earnings per share. The firm's revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts predict that Royal Caribbean Cruises will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.93%. Royal Caribbean Cruises's payout ratio is currently 24.92%.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the firm'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 transaction, the director directly owned 165,421 shares in the company, valued at $41,868,055.10. This trade represents a 10.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.95% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RCL. Opal Wealth Advisors LLC purchased a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at $27,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter worth $31,000. 1 North Wealth Services LLC acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter worth $31,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter worth $32,000. Finally, Brown Brothers Harriman & Co. grew its stake in Royal Caribbean Cruises by 618.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. 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.