Stifel Nicolaus Issues Positive Forecast for Royal Caribbean Cruises (NYSE:RCL) Stock Price

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) had its target price boosted by analysts at Stifel Nicolaus from $310.00 to $400.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price objective points to a potential upside of 17.31% from the company's current price.

A number of other equities research analysts have also recently weighed in on RCL. Barclays boosted their price target on shares of Royal Caribbean Cruises from $249.00 to $263.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. BNP Paribas assumed coverage on Royal Caribbean Cruises in a research report on Thursday, March 27th. They set an "outperform" rating and a $262.00 target price on the stock. Sanford C. Bernstein upped their target price on Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Macquarie dropped their price target on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, Loop Capital reaffirmed a "buy" rating and set a $290.00 price target (up previously from $250.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, June 3rd. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $293.90.

Royal Caribbean Cruises Stock Up 2.2%

NYSE RCL traded up $7.40 during trading hours on Wednesday, hitting $340.97. 910,354 shares of the company were exchanged, compared to its average volume of 2,357,291. 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 firm has a market cap of $92.59 billion, a price-to-earnings ratio of 28.32, a PEG ratio of 0.98 and a beta of 2.17. The company has a 50 day moving average of $267.95 and a two-hundred day moving average of $240.91. Royal Caribbean Cruises has a 52-week low of $130.08 and a 52-week high of $341.84.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.53 by $0.18. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. Royal Caribbean Cruises had a return on equity of 47.89% and a net margin of 19.38%. Royal Caribbean Cruises's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.77 earnings per share. Equities research analysts anticipate that Royal Caribbean Cruises will post 14.9 earnings per share for the current year.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the business's stock in a transaction dated 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 owned 165,421 shares in the company, valued at $41,868,055.10. The trade was a 10.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.95% of the company's stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

A number of large investors have recently modified their holdings of RCL. Geode Capital Management LLC grew its position 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. Dorsey Wright & Associates purchased a new stake in Royal Caribbean Cruises during the 4th quarter worth $4,221,000. Revisor Wealth Management LLC acquired a new position in Royal Caribbean Cruises in the 1st quarter worth $1,525,000. Groupama Asset Managment purchased a new position in Royal Caribbean Cruises in the 4th quarter valued at about $1,122,000. Finally, Brown Miller Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the first quarter valued at about $266,000. Institutional investors and hedge funds 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.