Royal Caribbean Cruises (NYSE:RCL – GetRating) had its target price lifted by stock analysts at Stifel Nicolaus from $60.00 to $70.00 in a research note issued to investors on Monday, the fly reports. Stifel Nicolaus’ price target suggests a potential upside of 38.78% from the stock’s current price.
A number of other equities research analysts also recently weighed in on the company. Susquehanna dropped their target price on Royal Caribbean Cruises from $70.00 to $50.00 in a research report on Friday, July 29th. Barclays upped their target price on shares of Royal Caribbean Cruises from $55.00 to $61.00 in a research report on Monday. Susquehanna Bancshares dropped their price target on shares of Royal Caribbean Cruises from $70.00 to $50.00 in a research note on Friday, July 29th. StockNews.com raised shares of Royal Caribbean Cruises to a “sell” rating in a research note on Saturday, August 6th. Finally, Morgan Stanley dropped their target price on shares of Royal Caribbean Cruises from $54.00 to $40.00 and set an “underweight” rating for the company in a research report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $62.70.
Royal Caribbean Cruises Stock Down 0.8%
NYSE RCL opened at $50.44 on Monday. The stock’s 50 day simple moving average is $40.03 and its 200 day simple moving average is $55.03. The company has a debt-to-equity ratio of 5.22, a current ratio of 0.30 and a quick ratio of 0.28. Royal Caribbean Cruises has a one year low of $31.09 and a one year high of $98.27. The firm has a market cap of $12.87 billion, a PE ratio of -2.87 and a beta of 2.41.
Royal Caribbean Cruises (NYSE:RCL – GetRating) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($2.08) EPS for the quarter, topping analysts’ consensus estimates of ($2.23) by $0.15. Royal Caribbean Cruises had a negative net margin of 95.46% and a negative return on equity of 87.89%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the prior year, the firm earned ($5.06) EPS. The company’s revenue was up 4190.1% on a year-over-year basis. As a group, sell-side analysts forecast that Royal Caribbean Cruises will post -6.91 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Royal Caribbean Cruises
Hedge funds have recently modified their holdings of the business. First Command Bank grew its position 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 acquiring an additional 150 shares during the period. Quadrant Capital Group LLC increased its position in shares of Royal Caribbean Cruises by 14.8% in the first quarter. Quadrant Capital Group LLC now owns 1,170 shares of the company’s stock worth $98,000 after purchasing an additional 151 shares during the period. Samalin Investment Counsel LLC increased its stake in shares of Royal Caribbean Cruises by 4.1% in the 4th quarter. Samalin Investment Counsel LLC now owns 4,605 shares of the company’s stock valued at $354,000 after purchasing an additional 180 shares during the last quarter. Gilbert & Cook Inc. boosted its stake in shares of Royal Caribbean Cruises by 4.2% in the 1st quarter. Gilbert & Cook Inc. now owns 4,610 shares of the company’s stock valued at $386,000 after purchasing an additional 185 shares in the last quarter. Finally, Loomis Sayles & Co. LP raised its position in Royal Caribbean Cruises by 4.0% in the first quarter. Loomis Sayles & Co. LP now owns 5,077 shares of the company’s stock valued at $425,000 after purchasing an additional 196 shares during the last quarter. Institutional investors and hedge funds own 67.41% 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, 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Royal Caribbean Cruises, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Royal Caribbean Cruises wasn’t on the list.
While Royal Caribbean Cruises currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
