Royal Caribbean Cruises Ltd. (NYSE:RCL) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) have received a consensus rating of "Moderate Buy" from the twenty-four research firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $326.9524.

A number of brokerages have weighed in on RCL. JPMorgan Chase & Co. lifted their price target on shares of Royal Caribbean Cruises from $302.00 to $367.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. William Blair restated an "outperform" rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. TD Cowen assumed coverage on shares of Royal Caribbean Cruises in a report on Tuesday, July 22nd. They set a "buy" rating and a $405.00 target price on the stock. Susquehanna restated a "positive" rating and set a $385.00 target price (up previously from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Finally, Wall Street Zen upgraded shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating in a report on Friday, September 26th.

Insider Activity at Royal Caribbean Cruises

In related news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the transaction, the director owned 16,407 shares in the company, valued at approximately $5,414,966.28. The trade was a 38.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the transaction, the chief accounting officer owned 7,826 shares in the company, valued at $2,578,432.22. The trade was a 39.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Royal Caribbean Cruises

A number of institutional investors have recently added to or reduced their stakes in RCL. Brighton Jones LLC lifted its holdings in Royal Caribbean Cruises by 12.2% in the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock worth $303,000 after buying an additional 143 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Royal Caribbean Cruises by 31.7% in the 1st quarter. Farther Finance Advisors LLC now owns 3,596 shares of the company's stock worth $748,000 after buying an additional 866 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Royal Caribbean Cruises in the 1st quarter worth $1,743,000. GAMMA Investing LLC lifted its holdings in Royal Caribbean Cruises by 8.3% in the 1st quarter. GAMMA Investing LLC now owns 6,868 shares of the company's stock worth $1,411,000 after buying an additional 528 shares in the last quarter. Finally, Simplicity Wealth LLC lifted its holdings in Royal Caribbean Cruises by 17.9% in the 1st quarter. Simplicity Wealth LLC now owns 1,177 shares of the company's stock worth $242,000 after buying an additional 179 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Down 0.8%

Shares of RCL opened at $304.66 on Friday. The firm has a market cap of $82.75 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 0.86 and a beta of 2.08. The company's fifty day moving average is $329.61 and its two-hundred day moving average is $284.74. Royal Caribbean Cruises has a fifty-two week low of $164.01 and a fifty-two week high of $366.50. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating analysts' consensus estimates of $4.04 by $0.34. The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. Royal Caribbean Cruises's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $3.21 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. Analysts forecast that Royal Caribbean Cruises will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Thursday, September 25th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 25th. This is a positive change from Royal Caribbean Cruises's previous quarterly dividend of $0.75. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 29.99%.

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.

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