Royal Caribbean Cruises (NYSE:RCL) Price Target Cut to $304.00 by Analysts at UBS Group

Royal Caribbean Cruises (NYSE:RCL) had its price objective reduced by analysts at UBS Group from $353.00 to $304.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 12.59% from the company’s previous close.

Several other analysts also recently issued reports on RCL. Barclays reduced their price objective on Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. JPMorgan Chase & Co. decreased their price target on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Wall Street Zen lowered shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Caribbean Cruises in a report on Wednesday, October 8th. Finally, Mizuho decreased their price objective on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $324.64.

Royal Caribbean Cruises Price Performance

NYSE RCL traded up $6.45 during trading hours on Wednesday, reaching $270.00. The company’s stock had a trading volume of 57,056 shares, compared to its average volume of 2,390,580. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.21 and a current ratio of 0.16. The company’s 50-day moving average is $312.19 and its two-hundred day moving average is $300.86. Royal Caribbean Cruises has a fifty-two week low of $164.01 and a fifty-two week high of $366.50. The stock has a market cap of $73.63 billion, a PE ratio of 18.07, a PEG ratio of 0.84 and a beta of 2.04.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.16 billion. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.20 earnings per share. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. Analysts forecast that Royal Caribbean Cruises will post 14.9 EPS for the current year.

Insiders Place Their Bets

In related news, Director Vagn O. Sorensen sold 10,300 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total value of $3,399,412.00. Following the completion of the sale, the director directly owned 16,407 shares in the company, valued at approximately $5,414,966.28. This represents a 38.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maritza Gomez Montiel sold 1,100 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $281.76, for a total value of $309,936.00. Following the completion of the sale, the director owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. This trade represents a 7.17% decrease in their position. The SEC filing for this sale provides additional information. 6.95% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Royal Caribbean Cruises by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 30,066,167 shares of the company’s stock valued at $9,728,810,000 after purchasing an additional 461,990 shares in the last quarter. State Street Corp boosted its position in Royal Caribbean Cruises by 3.3% in the 2nd quarter. State Street Corp now owns 10,492,549 shares of the company’s stock valued at $3,293,302,000 after buying an additional 330,770 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Royal Caribbean Cruises by 6.6% during the second quarter. Geode Capital Management LLC now owns 6,667,927 shares of the company’s stock valued at $2,079,877,000 after acquiring an additional 415,230 shares in the last quarter. Invesco Ltd. boosted its holdings in Royal Caribbean Cruises by 9.4% in the second quarter. Invesco Ltd. now owns 3,317,996 shares of the company’s stock valued at $1,038,997,000 after purchasing an additional 284,037 shares during the last quarter. Finally, Norges Bank acquired a new stake in Royal Caribbean Cruises during the 2nd quarter valued at approximately $1,021,893,000. 87.53% of the stock is owned by institutional investors and hedge funds.

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.