Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – GetRating) have been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the company, Market beat ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average 1-year objective price among brokers that have updated their coverage on the stock in the last year is $92.00.
A number of equities analysts have recently weighed in on the stock. Morgan Stanley cut their objective price on shares of Royal Caribbean Cruises from $65.00 to $61.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 8th. Stifel Nicolaus cut their price objective on shares of Royal Caribbean Cruises from $125.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, March 14th. Citigroup assumed coverage on shares of Royal Caribbean Cruises in a research report on Thursday, February 10th. They issued a “buy” rating and a $105.00 price objective on the stock. Truist Financial cut their objective price on shares of Royal Caribbean Cruises from $80.00 to $70.00 and set a “hold” rating on the stock in a research report on Thursday, March 17th. Finally, Wells Fargo & Company assumed coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, March 29th. They issued an “overweight” rating and a $93.00 price objective on the stock.
In other Royal Caribbean Cruises news, CEO Lisa Lutoff-Perlo sold 10,435 shares of the stock in a transaction that occurred on Thursday, February 10th. The shares were sold at an average price of $87.93, for a total transaction of $917,549.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael W. Bayley sold 3,637 shares of the stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $80.00, for a total transaction of $290,960.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,931 shares of company stock worth $1,505,730. 9.56% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Capital International Investors lifted its stake in Royal Caribbean Cruises by 2.8% in the 4th quarter. Capital International Investors now owns 27,362,504 shares of the company’s stock valued at $2,104,262,000 after purchasing an additional 734,952 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Royal Caribbean Cruises by 3.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 4,792,014 shares of the company’s stock valued at $368,506,000 after purchasing an additional 139,141 shares during the last quarter. Geode Capital Management LLC lifted its stake in Royal Caribbean Cruises by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 4,061,697 shares of the company’s stock valued at $311,524,000 after purchasing an additional 131,171 shares during the last quarter. Voya Investment Management LLC lifted its stake in Royal Caribbean Cruises by 32.7% in the 3rd quarter. Voya Investment Management LLC now owns 3,488,790 shares of the company’s stock valued at $310,328,000 after purchasing an additional 860,273 shares during the last quarter. Finally, Norges Bank acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at approximately $140,577,000. 72.02% of the stock is owned by institutional investors.
Shares of NYSE RCL opened at $82.58 on Friday. The company’s fifty-day moving average is $78.56 and its 200-day moving average is $80.10. The stock has a market cap of $21.06 billion, a price-to-earnings ratio of -3.96 and a beta of 2.51. Royal Caribbean Cruises has a twelve month low of $61.45 and a twelve month high of $98.27. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 3.71.
Royal Caribbean Cruises (NYSE:RCL – GetRating) last announced its quarterly earnings results on Friday, February 4th. The company reported ($4.78) earnings per share for the quarter, missing analysts’ consensus estimates of ($3.70) by ($1.08). The firm had revenue of $982.30 million for the quarter, compared to the consensus estimate of $1.15 billion. Royal Caribbean Cruises had a negative return on equity of 67.57% and a negative net margin of 343.35%. The company’s revenue for the quarter was up 2780.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($5.02) earnings per share. On average, research analysts anticipate that Royal Caribbean Cruises will post -4.29 EPS for the current fiscal year.
About Royal Caribbean Cruises (GetRating)
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships.
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