Royal Caribbean Cruises Ltd. (NYSE:RCL) Receives $326.86 Average Price Target from Brokerages

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) have earned an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $326.8636.

RCL has been the topic of several recent research reports. Truist Financial reduced their price objective on Royal Caribbean Cruises from $337.00 to $333.00 and set a “hold” rating on the stock in a research report on Friday, September 19th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. Susquehanna set a $350.00 price target on shares of Royal Caribbean Cruises and gave the stock a “positive” rating in a report on Thursday, October 30th. Tigress Financial upped their price objective on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Finally, Wall Street Zen lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $256.12 on Wednesday. The company has a current ratio of 0.16, a quick ratio of 0.21 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $69.85 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 0.84 and a beta of 2.04. The firm has a 50-day moving average price of $315.95 and a two-hundred day moving average price of $298.79. Royal Caribbean Cruises has a twelve month low of $164.01 and a twelve month high of $366.50.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, beating the consensus estimate of $5.68 by $0.07. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The business had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same period in the prior year, the business earned $5.20 earnings per share. The company’s quarterly revenue 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. 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 fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were given a $1.00 dividend. This is an increase 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%. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 26.90%.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total value of $3,399,412.00. Following the completion of the sale, the director owned 16,407 shares in the company, valued at $5,414,966.28. The trade was a 38.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Maritza Gomez Montiel sold 1,100 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction of $309,936.00. Following the transaction, the director owned 14,234 shares in the company, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several large investors have recently made changes to their positions in RCL. Frazier Financial Advisors LLC boosted its holdings in Royal Caribbean Cruises by 27.1% in the second quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock valued at $43,000 after purchasing an additional 29 shares during the last quarter. Prosperity Financial Group Inc. raised its position in shares of Royal Caribbean Cruises by 0.5% in the 2nd quarter. Prosperity Financial Group Inc. now owns 6,936 shares of the company’s stock valued at $2,172,000 after purchasing an additional 32 shares in the last quarter. Westside Investment Management Inc. boosted its stake in shares of Royal Caribbean Cruises by 29.1% during the 2nd quarter. Westside Investment Management Inc. now owns 142 shares of the company’s stock valued at $45,000 after buying an additional 32 shares during the last quarter. CX Institutional grew its position in shares of Royal Caribbean Cruises by 1.4% during the second quarter. CX Institutional now owns 2,423 shares of the company’s stock worth $759,000 after buying an additional 34 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Royal Caribbean Cruises by 6.4% in the third quarter. Versant Capital Management Inc now owns 562 shares of the company’s stock worth $182,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

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.