Royal Caribbean Cruises (NYSE:RCL) Now Covered by Loop Capital

Analysts at Loop Capital began coverage on shares of Royal Caribbean Cruises (NYSE:RCL) in a research note issued to investors on Tuesday,Benzinga reports. The firm set a “hold” rating and a $250.00 price target on the stock. Loop Capital’s target price indicates a potential downside of 5.25% from the company’s previous close.

RCL has been the topic of several other research reports. Bank of America lifted their price target on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Citigroup lifted their target price on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group dropped their price objective on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Mizuho reiterated an “outperform” rating and set a $253.00 target price (down previously from $255.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.59.

Royal Caribbean Cruises Stock Up 1.2 %

Shares of Royal Caribbean Cruises stock traded up $3.01 during trading hours on Tuesday, hitting $263.87. The company had a trading volume of 1,501,047 shares, compared to its average volume of 2,440,684. The company’s 50-day moving average is $240.77 and its two-hundred day moving average is $203.04. Royal Caribbean Cruises has a twelve month low of $113.10 and a twelve month high of $277.08. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. The company has a market cap of $70.95 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 0.98 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same period in the prior year, the firm earned $1.25 earnings per share. Analysts anticipate that Royal Caribbean Cruises will post 14.96 earnings per share for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In other news, EVP Harri U. Kulovaara sold 3,256 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the transaction, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. This trade represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the completion of the sale, the director now owns 18,556,860 shares in the company, valued at $4,335,253,633.20. This represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 372,609 shares of company stock worth $87,647,208 over the last 90 days. Company insiders own 7.95% of the company’s stock.

Institutional Trading of Royal Caribbean Cruises

Several large investors have recently modified their holdings of the business. Hemington Wealth Management grew its holdings in Royal Caribbean Cruises by 9.0% during the 4th quarter. Hemington Wealth Management now owns 533 shares of the company’s stock valued at $123,000 after buying an additional 44 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of Royal Caribbean Cruises by 2.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,360 shares of the company’s stock worth $544,000 after acquiring an additional 50 shares during the last quarter. Bartlett & CO. Wealth Management LLC lifted its position in shares of Royal Caribbean Cruises by 12.3% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 457 shares of the company’s stock valued at $106,000 after acquiring an additional 50 shares in the last quarter. DT Investment Partners LLC boosted its stake in shares of Royal Caribbean Cruises by 16.7% during the fourth quarter. DT Investment Partners LLC now owns 350 shares of the company’s stock valued at $81,000 after acquiring an additional 50 shares during the last quarter. Finally, FSM Wealth Advisors LLC increased its position in Royal Caribbean Cruises by 3.2% during the 3rd quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock worth $290,000 after purchasing an additional 51 shares in the last quarter. 87.53% of the stock is currently 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.