Royal Caribbean Cruises (NYSE:RCL) Earns Positive Rating from Susquehanna

Key Points

• Susquehanna has raised its price target for Royal Caribbean Cruises from $275.00 to $385.00, indicating a potential upside of 14.93% based on current stock prices.
• With multiple analysts weighing in, the general consensus rating for Royal Caribbean Cruises is a "Moderate Buy", with a target price averaging around $317.24.
• Royal Caribbean Cruises reported $4.38 earnings per share in the last quarter, exceeding estimates, resulting in a 10.4% year-over-year revenue increase.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report)'s stock had its "positive" rating reaffirmed by equities researchers at Susquehanna in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They presently have a $385.00 price objective on the stock, up from their previous price objective of $275.00. Susquehanna's target price points to a potential upside of 21.96% from the company's current price.

A number of other equities analysts have also weighed in 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 report on Tuesday, May 6th. TD Cowen started coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, July 22nd. They set a "buy" rating and a $405.00 target price for the company. Jefferies Financial Group increased their target price on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research report on Monday, July 7th. Northcoast Research started coverage on shares of Royal Caribbean Cruises in a research report on Friday, April 25th. They set a "buy" rating and a $279.00 target price for the company. Finally, Wall Street Zen lowered shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $321.10.

Royal Caribbean Cruises Stock Performance

RCL traded down $2.19 during trading on Wednesday, hitting $315.68. 1,276,680 shares of the company traded hands, compared to its average volume of 2,572,218. The firm has a market cap of $85.73 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 0.93 and a beta of 2.17. The stock's fifty day moving average is $301.16 and its 200 day moving average is $253.21. 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 one year low of $130.08 and a one year high of $355.91.

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

Insider Activity at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,600 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $253.10, for a total value of $4,960,760.00. Following the transaction, the director owned 165,421 shares in the company, valued at approximately $41,868,055.10. This trade represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.95% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RCL. Geode Capital Management LLC boosted its holdings in Royal Caribbean Cruises by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock valued at $1,373,856,000 after acquiring an additional 353,893 shares in the last quarter. Revisor Wealth Management LLC bought a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at $1,525,000. Groupama Asset Managment purchased a new position in Royal Caribbean Cruises in the fourth quarter worth about $1,122,000. Brown Miller Wealth Management LLC bought a new position in shares of Royal Caribbean Cruises in the first quarter worth approximately $266,000. Finally, Florida Financial Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 87.6% in the first quarter. Florida Financial Advisors LLC now owns 1,957 shares of the company's stock worth $402,000 after buying an additional 914 shares in the last quarter. 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.