Royal Caribbean Cruises (NYSE:RCL) Hits New 52-Week High at $151.16

Royal Caribbean Cruises Ltd. (NYSE:RCL) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $151.16 and last traded at $150.97, with a volume of 1838795 shares. The stock had previously closed at $147.68.

Analyst Ratings Changes

A number of brokerages recently commented on RCL. Stifel Nicolaus raised their price objective on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. UBS Group lifted their price target on Royal Caribbean Cruises from $154.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Wells Fargo & Company increased their price objective on Royal Caribbean Cruises from $159.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Argus boosted their target price on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Truist Financial increased their price target on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus price target of $151.81.

Royal Caribbean Cruises Stock Up 0.8 %

The stock has a market capitalization of $40.23 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 0.46 and a beta of 2.56. The firm has a 50-day moving average of $139.84 and a 200 day moving average of $128.30. 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 (NYSE:RCL) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.44. The firm had revenue of $3.73 billion during 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%. Royal Caribbean Cruises’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.23) EPS. On average, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.08 earnings per share for the current year.

Insider Activity

In related news, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the sale, the chief executive officer now owns 153,017 shares in the company, valued at $21,365,763.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael W. Bayley sold 24,201 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $140.21, for a total transaction of $3,393,222.21. Following the sale, the chief executive officer now directly owns 98,850 shares in the company, valued at $13,859,758.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,300 shares of company stock worth $19,037,832. 7.95% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors boosted its holdings in shares of Royal Caribbean Cruises by 1.0% during the first quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock valued at $4,114,203,000 after acquiring an additional 286,868 shares during the period. Vanguard Group Inc. boosted its stake in Royal Caribbean Cruises by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock valued at $3,532,143,000 after purchasing an additional 132,079 shares during the period. Norges Bank acquired a new position in Royal Caribbean Cruises during the 4th quarter valued at about $323,251,000. Northern Trust Corp grew its position in Royal Caribbean Cruises by 6.8% in the 3rd quarter. Northern Trust Corp now owns 2,335,667 shares of the company’s stock worth $215,208,000 after purchasing an additional 148,532 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Royal Caribbean Cruises by 2.8% in the fourth quarter. Swiss National Bank now owns 760,938 shares of the company’s stock valued at $98,534,000 after purchasing an additional 20,600 shares during the period. 87.53% of the stock is currently owned by institutional investors.

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.