Bank of America Issues Positive Forecast for Royal Caribbean Cruises (NYSE:RCL) Stock Price

Royal Caribbean Cruises (NYSE:RCL) had its price target boosted by Bank of America from $325.00 to $330.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts also recently issued reports about the company. Truist Financial decreased their price target on Royal Caribbean Cruises from $333.00 to $321.00 and set a “hold” rating for the company in a report on Tuesday, December 2nd. Susquehanna set a $350.00 price target on shares of Royal Caribbean Cruises and gave the company a “positive” rating in a research note on Thursday, October 30th. Mizuho reduced their target price on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Royal Bank Of Canada set a $360.00 price target on Royal Caribbean Cruises in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. dropped their price target on Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.68.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $300.98 on Monday. Royal Caribbean Cruises has a 1 year low of $164.01 and a 1 year high of $366.50. The firm has a market capitalization of $82.08 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 0.82 and a beta of 1.94. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.14. The business has a fifty day moving average of $273.09 and a 200 day moving average of $307.77.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, beating 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 analyst estimates of $5.16 billion. During the same quarter in the prior year, the firm earned $5.20 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 5.2% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS and its Q4 2025 guidance at 2.740-2.790 EPS. As a group, research analysts expect that Royal Caribbean Cruises will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, December 26th. This represents a $4.00 dividend on an annualized basis and a yield of 1.3%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 26.90%.

Royal Caribbean Cruises declared that its Board of Directors has approved a share buyback program on Wednesday, December 10th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises during the second quarter worth about $27,000. Oliver Lagore Vanvalin Investment Group acquired a new position in Royal Caribbean Cruises in the 2nd quarter valued at about $31,000. 1 North Wealth Services LLC purchased a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $31,000. Evolution Wealth Management Inc. acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth approximately $31,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.