Royal Caribbean Cruises Ltd. (NYSE:RCL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) have earned an average rating of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $274.19.

Several research firms have weighed in on RCL. Bank of America increased their price objective on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Citigroup raised their price target on Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Argus boosted their price objective on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Mizuho reaffirmed an “outperform” rating and issued a $253.00 target price (down from $255.00) on shares of Royal Caribbean Cruises in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group cut their target price on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, January 24th.

Insiders Place Their Bets

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 directly owns 22,348 shares in the company, valued at $5,243,287.76. The trade was a 12.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the sale, the director now owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 372,609 shares of company stock valued at $87,647,208. 7.95% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Plato Investment Management Ltd purchased a new position in Royal Caribbean Cruises in the 3rd quarter worth about $26,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Royal Caribbean Cruises in the third quarter worth approximately $27,000. Bay Harbor Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $36,000. DiNuzzo Private Wealth Inc. lifted its position in Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares during the period. Finally, ORG Wealth Partners LLC purchased a new stake in Royal Caribbean Cruises in the fourth quarter worth approximately $40,000. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Stock Down 3.0 %

Shares of Royal Caribbean Cruises stock opened at $266.48 on Monday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.16 and a current ratio of 0.17. Royal Caribbean Cruises has a 52-week low of $113.10 and a 52-week high of $277.08. The company’s 50 day moving average price is $240.36 and its 200-day moving average price is $202.10. The stock has a market capitalization of $71.65 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 0.55 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same period last year, the firm posted $1.25 EPS. Equities research analysts forecast that Royal Caribbean Cruises will post 15 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.58%.

About Royal Caribbean Cruises

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.