Royal Caribbean Cruises (NYSE:RCL) Given New $160.00 Price Target at Susquehanna

Royal Caribbean Cruises (NYSE:RCL) had its target price upped by investment analysts at Susquehanna from $150.00 to $160.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s target price suggests a potential upside of 13.81% from the stock’s previous close.

A number of other brokerages have also weighed in on RCL. Wells Fargo & Company increased their target price on Royal Caribbean Cruises from $151.00 to $153.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Morgan Stanley increased their price target on Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. UBS Group increased their price target on Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Finally, Macquarie increased their price target on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $138.76.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $140.59 on Friday. The firm has a market cap of $36.09 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 0.47 and a beta of 2.52. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54. Royal Caribbean Cruises has a 1-year low of $59.38 and a 1-year high of $141.70. The business’s 50 day moving average is $130.20 and its 200-day moving average is $117.67.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.23) earnings per share. Equities research analysts predict that Royal Caribbean Cruises will post 10.8 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the sale, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Michael W. Bayley sold 11,753 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the sale, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the sale, the chief executive officer now owns 153,017 shares in the company, valued at approximately $21,365,763.71. The disclosure for this sale can be found here. 8.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

Hedge funds and other institutional investors have recently bought and sold shares of the company. BKM Wealth Management LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth about $26,000. Scarborough Advisors LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth about $26,000. Creekmur Asset Management LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth about $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth about $33,000. Finally, West Branch Capital LLC lifted its holdings in Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after buying an additional 100 shares during the period. Institutional investors own 87.53% of the company’s stock.

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.