Royal Caribbean Cruises (NYSE:RCL) Now Covered by Analysts at Mizuho

Mizuho started coverage on shares of Royal Caribbean Cruises (NYSE:RCL) in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $164.00 price target on the stock. Mizuho’s target price indicates a potential upside of 28.49% from the stock’s current price.

A number of other brokerages have also recently commented on RCL. Macquarie lifted their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Wells Fargo & Company lifted their price target on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Tigress Financial increased their price objective on shares of Royal Caribbean Cruises from $139.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. Finally, Barclays boosted their target price on Royal Caribbean Cruises from $150.00 to $154.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.94.

Royal Caribbean Cruises Trading Down 0.3 %

Royal Caribbean Cruises stock opened at $127.64 on Wednesday. The company has a debt-to-equity ratio of 4.03, a current ratio of 0.19 and a quick ratio of 0.16. The firm’s 50 day moving average price is $127.97 and its 200-day moving average price is $115.55. Royal Caribbean Cruises has a 1 year low of $59.37 and a 1 year high of $141.70. The stock has a market cap of $32.76 billion, a P/E ratio of 20.52, a PEG ratio of 0.46 and a beta of 2.52.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.36 billion. Royal Caribbean Cruises had a return on equity of 45.55% and a net margin of 12.22%. The firm’s revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the company earned ($1.12) earnings per share. On average, equities analysts predict that Royal Caribbean Cruises will post 10.01 earnings per share for the current fiscal year.

Insider Transactions at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total value of $1,363,465.53. Following the transaction, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

A number of institutional investors have recently added to or reduced their stakes in RCL. Capital International Investors boosted its stake in shares of Royal Caribbean Cruises by 1.2% during the 4th quarter. Capital International Investors now owns 29,309,587 shares of the company’s stock worth $3,795,368,000 after acquiring an additional 351,747 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Royal Caribbean Cruises by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 25,277,193 shares of the company’s stock valued at $3,273,144,000 after purchasing an additional 359,770 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Royal Caribbean Cruises by 2.4% in the first quarter. Geode Capital Management LLC now owns 4,521,734 shares of the company’s stock valued at $294,589,000 after purchasing an additional 105,705 shares during the last quarter. Capital World Investors grew its position in shares of Royal Caribbean Cruises by 1,314.9% in the first quarter. Capital World Investors now owns 2,759,035 shares of the company’s stock valued at $231,152,000 after purchasing an additional 2,564,035 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $323,251,000. 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.