UBS Group Forecasts Strong Price Appreciation for Royal Caribbean Cruises (NYSE:RCL) Stock

Royal Caribbean Cruises (NYSE:RCL) had its target price increased by research analysts at UBS Group from $271.00 to $301.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 15.28% from the stock’s current price.

A number of other equities research analysts have also issued reports on RCL. Truist Financial increased their target price on Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Stifel Nicolaus increased their target price on Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Barclays increased their target price on Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Macquarie increased their target price on Royal Caribbean Cruises from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Argus increased their target price on Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.50.

Royal Caribbean Cruises Trading Up 0.1 %

NYSE RCL traded up $0.25 during trading hours on Tuesday, hitting $261.11. 630,426 shares of the company’s stock were exchanged, compared to its average volume of 2,400,612. The business’s 50 day moving average is $240.77 and its 200-day moving average is $203.04. Royal Caribbean Cruises has a 12-month low of $113.10 and a 12-month high of $277.08. The firm has a market capitalization of $70.21 billion, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 0.98 and a beta of 2.59. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. During the same quarter in the prior year, the firm earned $1.25 EPS. As a group, analysts anticipate that Royal Caribbean Cruises will post 14.96 EPS for the current fiscal year.

Insider Activity

In related news, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total value of $53,732,600.00. Following the transaction, the director now directly owns 18,556,860 shares in the company, valued at $4,335,253,633.20. The trade was a 1.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the transaction, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. The trade was a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 372,609 shares of company stock worth $87,647,208. 7.95% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RCL. International Assets Investment Management LLC grew its holdings in shares of Royal Caribbean Cruises by 10,599.0% during the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after buying an additional 406,048 shares in the last quarter. AustralianSuper Pty Ltd grew its holdings in shares of Royal Caribbean Cruises by 2,042.8% during the fourth quarter. AustralianSuper Pty Ltd now owns 122,887 shares of the company’s stock valued at $28,349,000 after buying an additional 117,152 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Royal Caribbean Cruises by 138.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock valued at $28,703,000 after purchasing an additional 93,899 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Royal Caribbean Cruises in the third quarter valued at about $14,544,000. Finally, Dakota Wealth Management grew its stake in Royal Caribbean Cruises by 3,935.2% in the third quarter. Dakota Wealth Management now owns 76,871 shares of the company’s stock valued at $13,635,000 after purchasing an additional 74,966 shares in the last quarter. Hedge funds and other 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.