Royal Caribbean Cruises Ltd. (NYSE:RCL – GetRating) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month objective price among brokerages that have issued a report on the stock in the last year is $76.10.
A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares in Royal Caribbean Cruises from $76.00 to $50.00 and set a “hold” rating on the stock in a research note on Tuesday, June 21st. Morgan Stanley decreased their objective price on shares of Royal Caribbean Cruises from $59.00 to $54.00 and set an “underweight” rating on the stock in a research note on Wednesday, June 8th. Wells Fargo & Company started coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, March 29th. They set an “overweight” rating and a $93.00 price objective on the stock. Barclays started coverage on shares of Royal Caribbean Cruises in a research note on Tuesday. They set an “overweight” rating and a $56.00 price target on the stock. Finally, Susquehanna started coverage on shares of Royal Caribbean Cruises in a research note on Thursday, June 9th. They set a “positive” rating and a $70.00 price target on the stock.
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Several institutional investors have recently made changes to their positions in RCL. First Command Financial Services Inc. grew its holdings in Royal Caribbean Cruises by 20.6% during the 4th quarter. First Command Financial Services Inc. now owns 750 shares of the company’s stock worth $58,000 after acquiring an additional 128 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Royal Caribbean Cruises by 0.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,157 shares of the company’s stock valued at $1,088,000 after purchasing an additional 133 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of Royal Caribbean Cruises by 16.4% in the 4th quarter. Koshinski Asset Management Inc. now owns 1,034 shares of the company’s stock valued at $80,000 after purchasing an additional 146 shares during the last quarter. First Command Bank boosted its stake in shares of Royal Caribbean Cruises by 24.1% in the 1st quarter. First Command Bank now owns 772 shares of the company’s stock valued at $65,000 after purchasing an additional 150 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Royal Caribbean Cruises by 14.8% in the 1st quarter. Quadrant Capital Group LLC now owns 1,170 shares of the company’s stock valued at $98,000 after purchasing an additional 151 shares during the last quarter. 73.74% of the stock is currently owned by institutional investors.
Royal Caribbean Cruises stock opened at $40.14 on Wednesday. The company has a debt-to-equity ratio of 5.00, a quick ratio of 0.37 and a current ratio of 0.40. The firm has a market cap of $10.23 billion, a price-to-earnings ratio of -1.93 and a beta of 2.40. Royal Caribbean Cruises has a 1 year low of $34.10 and a 1 year high of $98.27. The firm’s 50 day moving average price is $58.12 and its two-hundred day moving average price is $71.48.
Royal Caribbean Cruises (NYSE:RCL – GetRating) last issued its earnings results on Thursday, May 5th. The company reported ($4.57) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($4.68) by $0.11. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.15 billion. Royal Caribbean Cruises had a negative net margin of 207.74% and a negative return on equity of 83.99%. The company’s revenue for the quarter was up 2421.1% on a year-over-year basis. During the same quarter last year, the business posted ($4.44) EPS. As a group, equities analysts predict that Royal Caribbean Cruises will post -6.3 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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