Royal Caribbean Cruises (NYSE:RCL) Hits New 52-Week High - Here's What Happened

Key Points

• Royal Caribbean Cruises (NYSE:RCL) reached a new 52-week high of $357.00 during trading, with shares last at $356.33 and a trading volume of 208,594.
• Analyst reports show a mixed outlook, with Stifel Nicolaus increasing its price target to $420.00 while Wall Street Zen downgraded the stock from "buy" to "hold."
• The company's recent earnings report exceeded estimates, with earnings per share of $4.38 and revenue up 10.4% year-over-year, positioning Royal Caribbean for future growth guidance of 15.410-15.550 EPS for FY 2025.

Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $357.00 and last traded at $356.33, with a volume of 208594 shares changing hands. The stock had previously closed at $353.74.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Barclays lifted their price objective on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Truist Financial set a $337.00 price objective on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Citigroup lifted their price objective on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Jefferies Financial Group lifted their price objective on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $327.14.

Royal Caribbean Cruises Price Performance

The business's 50-day simple moving average is $328.20 and its 200-day simple moving average is $264.10. The stock has a market cap of $98.62 billion, a PE ratio of 27.22, a PEG ratio of 1.03 and a beta of 2.22. 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 released its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.54 billion. During the same quarter in the previous year, the company earned $3.21 earnings per share. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.410-15.550 EPS. Q3 2025 guidance at 5.550-5.650 EPS. On average, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 5,207 shares of the business's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total value of $1,715,550.29. Following the transaction, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard D. Fain sold 16,000 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total transaction of $4,976,320.00. Following the completion of the transaction, the director owned 150,291 shares in the company, valued at $46,743,506.82. The trade was a 9.62% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,507 shares of company stock worth $10,091,282. 6.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Royal Caribbean Cruises by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 29,604,177 shares of the company's stock valued at $9,270,252,000 after purchasing an additional 929,414 shares in the last quarter. State Street Corp boosted its stake in shares of Royal Caribbean Cruises by 3.3% during the 2nd quarter. State Street Corp now owns 10,492,549 shares of the company's stock valued at $3,293,302,000 after purchasing an additional 330,770 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Royal Caribbean Cruises by 6.6% during the 2nd quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company's stock valued at $2,079,877,000 after purchasing an additional 415,230 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Royal Caribbean Cruises by 9.4% during the 2nd quarter. Invesco Ltd. now owns 3,317,996 shares of the company's stock valued at $1,038,997,000 after purchasing an additional 284,037 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at about $1,021,893,000. Institutional investors own 87.53% of the company's stock.

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.