Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships. The company was founded in 1968 and is headquartered in Miami, Florida.
Analyst Ratings Changes
A number of research firms recently weighed in on RCL. Susquehanna Bancshares decreased their target price on Royal Caribbean Cruises from $70.00 to $50.00 in a research report on Friday, July 29th. Barclays started coverage on Royal Caribbean Cruises in a research report on Tuesday, June 28th. They set an "overweight" rating and a $56.00 price objective on the stock. Susquehanna reduced their target price on Royal Caribbean Cruises from $70.00 to $50.00 in a research report on Friday, July 29th. Morgan Stanley decreased their price target on shares of Royal Caribbean Cruises from $54.00 to $40.00 and set an "underweight" rating on the stock in a research note on Friday, July 29th. Finally, Wells Fargo & Company dropped their price objective on shares of Royal Caribbean Cruises from $81.00 to $58.00 in a research note on Friday, July 29th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Royal Caribbean Cruises has an average rating of "Hold" and an average target price of $67.00.
Royal Caribbean Cruises Stock Up 1.6 %
RCL opened at $42.37 on Monday. Royal Caribbean Cruises has a twelve month low of $31.09 and a twelve month high of $98.27. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of -2.41 and a beta of 2.46. The firm's 50-day simple moving average is $38.45 and its 200-day simple moving average is $61.71. The company has a debt-to-equity ratio of 5.22, a quick ratio of 0.28 and a current ratio of 0.30.
Royal Caribbean Cruises (NYSE:RCL - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($2.08) earnings per share for the quarter, topping the consensus estimate of ($2.23) by $0.15. Royal Caribbean Cruises had a negative net margin of 95.46% and a negative return on equity of 87.89%. The firm had revenue of $2.18 billion for the quarter, compared to analysts' expectations of $2.10 billion. During the same period in the prior year, the firm earned ($5.06) earnings per share. The company's quarterly revenue was up 4190.1% compared to the same quarter last year. Equities research analysts anticipate that Royal Caribbean Cruises will post -6.81 EPS for the current fiscal year.