Royal Caribbean Cruises (NYSE:RCL) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of Royal Caribbean Cruises (NYSE:RCL) in a research note published on Tuesday,Benzinga reports. The firm issued an overweight rating and a $320.00 price target on the stock.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada set a $360.00 price target on Royal Caribbean Cruises in a report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, October 8th. Bank of America lifted their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Truist Financial decreased their price target on shares of Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a research note on Friday, September 19th. Finally, Citigroup cut their price objective on shares of Royal Caribbean Cruises from $399.00 to $336.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average price target of $326.82.

Royal Caribbean Cruises Trading Up 2.0%

Shares of NYSE:RCL opened at $251.69 on Tuesday. Royal Caribbean Cruises has a 52-week low of $164.01 and a 52-week high of $366.50. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.21 and a current ratio of 0.16. The company has a market capitalization of $68.64 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 0.84 and a beta of 2.04. The company has a 50-day simple moving average of $302.30 and a 200 day simple moving average of $302.07.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the previous year, the business earned $5.20 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. Sell-side analysts forecast that Royal Caribbean Cruises will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were given a $1.00 dividend. The ex-dividend date was Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 26.90%.

Insider Activity

In related news, Director Maritza Gomez Montiel sold 1,100 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction of $309,936.00. Following the sale, the director owned 14,234 shares of the company’s stock, valued at $4,010,571.84. This represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 6.95% of the company’s stock.

Institutional Trading of Royal Caribbean Cruises

A number of institutional investors have recently modified their holdings of RCL. Opal Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises in the second quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group bought a new position in Royal Caribbean Cruises in the 2nd quarter valued at about $31,000. 1 North Wealth Services LLC bought a new position in Royal Caribbean Cruises in the 2nd quarter valued at about $31,000. Evolution Wealth Management Inc. acquired a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $31,000. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $32,000. 87.53% of the stock is currently owned by institutional investors.

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.