Royal Caribbean Cruises (NYSE:RCL) Research Coverage Started at Mizuho

Mizuho assumed coverage on shares of Royal Caribbean Cruises (NYSE:RCL) in a report released on Wednesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $164.00 target price on the stock.

Several other equities analysts also recently commented on the company. Tigress Financial upped their price objective on Royal Caribbean Cruises from $139.00 to $155.00 and gave the company a buy rating in a research note on Thursday, December 21st. Susquehanna upped their price objective on Royal Caribbean Cruises from $120.00 to $150.00 and gave the company a positive rating in a research note on Wednesday, January 31st. Argus upped their price objective on Royal Caribbean Cruises from $95.00 to $142.00 and gave the company a buy rating in a research note on Thursday, December 21st. UBS Group upped their price objective on Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a buy rating in a research note on Friday, February 16th. Finally, Barclays increased their target price on Royal Caribbean Cruises from $150.00 to $154.00 and gave the stock 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 issued a buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises currently has a consensus rating of Moderate Buy and an average target price of $136.94.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $129.21 on Wednesday. The company has a debt-to-equity ratio of 4.03, a quick ratio of 0.16 and a current ratio of 0.19. The stock has a 50 day moving average price of $128.21 and a two-hundred day moving average price of $115.81. The firm has a market capitalization of $33.17 billion, a P/E ratio of 20.77, a P/E/G ratio of 0.46 and a beta of 2.52. Royal Caribbean Cruises has a 52 week low of $59.37 and a 52 week high of $141.70.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The firm 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 company’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the previous year, the company posted ($1.12) EPS. Equities analysts forecast that Royal Caribbean Cruises will post 10.01 earnings per share for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 8.70% of the stock is owned by company insiders.

Institutional Trading of Royal Caribbean Cruises

A number of hedge funds have recently made changes to their positions in the stock. Panagora Asset Management Inc. raised its stake in Royal Caribbean Cruises by 21.8% during the 1st quarter. Panagora Asset Management Inc. now owns 11,553 shares of the company’s stock valued at $968,000 after buying an additional 2,068 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Royal Caribbean Cruises by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,004 shares of the company’s stock valued at $2,514,000 after buying an additional 1,861 shares during the last quarter. Yousif Capital Management LLC increased its stake in shares of Royal Caribbean Cruises by 2.3% in the 1st quarter. Yousif Capital Management LLC now owns 35,806 shares of the company’s stock worth $3,000,000 after purchasing an additional 818 shares in the last quarter. Aviva PLC increased its stake in shares of Royal Caribbean Cruises by 65.5% in the 1st quarter. Aviva PLC now owns 54,096 shares of the company’s stock worth $4,532,000 after purchasing an additional 21,415 shares in the last quarter. Finally, Prudential PLC purchased a new stake in shares of Royal Caribbean Cruises in the 1st quarter worth $300,000. 87.53% of the stock is owned by institutional investors.

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.