Royal Caribbean Cruises (NYSE:RCL) Given New $160.00 Price Target at Susquehanna

Royal Caribbean Cruises (NYSE:RCL) had its price target boosted by Susquehanna from $150.00 to $160.00 in a research note released on Friday, Benzinga reports. Susquehanna currently has a positive rating on the stock.

A number of other equities research analysts have also issued reports on the company. UBS Group lifted their target price on Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a buy rating in a research report on Friday, February 16th. Wells Fargo & Company lifted their target price on Royal Caribbean Cruises from $151.00 to $153.00 and gave the company an overweight rating in a research report on Monday, February 26th. Morgan Stanley lifted their target price on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an equal weight rating in a research report on Wednesday, February 7th. Macquarie raised their price target on Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an outperform rating in a research note on Friday, March 15th. Finally, The Goldman Sachs Group restated a buy rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $138.76.

Royal Caribbean Cruises Trading Up 2.3 %

NYSE RCL opened at $140.59 on Friday. The firm has a market cap of $36.09 billion, a P/E ratio of 18.12, a P/E/G ratio of 0.47 and a beta of 2.52. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. The stock’s 50-day moving average is $130.20 and its 200-day moving average is $117.87. Royal Caribbean Cruises has a one year low of $59.38 and a one year high of $141.70.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the firm posted ($0.23) earnings per share. Royal Caribbean Cruises’s revenue was up 29.2% compared to the same quarter last year. Sell-side analysts anticipate that Royal Caribbean Cruises will post 10.8 earnings per share for the current fiscal year.

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the transaction, the chief executive officer now directly owns 166,537 shares in the company, valued at approximately $19,319,957.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Michael W. Bayley sold 11,753 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the sale, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The disclosure for this sale can be found here. 8.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Royal Caribbean Cruises

Hedge funds have recently added to or reduced their stakes in the company. Kowal Investment Group LLC raised its holdings in Royal Caribbean Cruises by 4.0% in the 1st quarter. Kowal Investment Group LLC now owns 2,286 shares of the company’s stock valued at $318,000 after acquiring an additional 87 shares in the last quarter. West Branch Capital LLC raised its holdings in Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 100 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in Royal Caribbean Cruises by 24.6% in the 4th quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock valued at $66,000 after acquiring an additional 100 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Royal Caribbean Cruises by 11.6% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,026 shares of the company’s stock valued at $143,000 after acquiring an additional 107 shares in the last quarter. Finally, Ballentine Partners LLC raised its holdings in Royal Caribbean Cruises by 2.7% in the 1st quarter. Ballentine Partners LLC now owns 4,304 shares of the company’s stock valued at $598,000 after acquiring an additional 115 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

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.