Royal Caribbean Cruises (NYSE:RCL) Price Target Cut to $357.00 by Analysts at JPMorgan Chase & Co.

Royal Caribbean Cruises (NYSE:RCL) had its target price trimmed by JPMorgan Chase & Co. from $367.00 to $357.00 in a research report released on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other brokerages have also recently issued reports on RCL. William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday. Wall Street Zen raised shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Jefferies Financial Group upped their price objective on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, July 7th. Tigress Financial upped their price objective on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Finally, Mizuho decreased their price target on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company 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 stock. According to data from MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average target price of $326.95.

Royal Caribbean Cruises Trading Down 4.3%

Shares of NYSE:RCL opened at $280.31 on Wednesday. The stock has a market capitalization of $76.14 billion, a PE ratio of 18.85, a P/E/G ratio of 0.88 and a beta of 2.08. Royal Caribbean Cruises has a 1 year low of $164.01 and a 1 year high of $366.50. The firm has a fifty day moving average price of $327.62 and a 200 day moving average price of $295.83. The company has a current ratio of 0.16, a quick ratio of 0.21 and a debt-to-equity ratio of 1.67.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.68 by $0.07. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.16 billion. Royal Caribbean Cruises had a return on equity of 44.68% and a net margin of 23.33%.The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.20 EPS. 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 expect that Royal Caribbean Cruises will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Thursday, September 25th were issued a $1.00 dividend. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $4.00 dividend on an annualized basis and a yield of 1.4%. Royal Caribbean Cruises’s payout ratio is currently 29.99%.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total value of $4,976,320.00. Following the completion of the sale, the director directly owned 150,291 shares of the company’s stock, valued at $46,743,506.82. This represents a 9.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vagn O. Sorensen sold 10,300 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the completion of the sale, the director directly owned 16,407 shares of the company’s stock, valued at approximately $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 6.95% of the stock is owned by corporate insiders.

Institutional Trading of Royal Caribbean Cruises

Hedge funds have recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new stake in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $25,000. Hughes Financial Services LLC bought a new position in Royal Caribbean Cruises in the first quarter worth $26,000. Opal Wealth Advisors LLC bought a new position in Royal Caribbean Cruises in the second quarter worth $27,000. Optimum Investment Advisors bought a new position in Royal Caribbean Cruises in the first quarter worth $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in Royal Caribbean Cruises in the second quarter worth $31,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Company Profile

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.