Royal Caribbean Cruises (NYSE:RCL) Price Target Raised to $330.00 at Bank of America

Royal Caribbean Cruises (NYSE:RCL) had its target price hoisted by analysts at Bank of America from $325.00 to $330.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Bank of America‘s target price indicates a potential upside of 9.09% from the stock’s current price.

RCL has been the topic of several other reports. Barclays decreased their target price on shares of Royal Caribbean Cruises from $342.00 to $324.00 and set an “overweight” rating on the stock in a report on Wednesday, December 17th. Wells Fargo & Company decreased their price objective on Royal Caribbean Cruises from $320.00 to $316.00 and set an “overweight” rating on the stock in a report on Monday, December 1st. Jefferies Financial Group lowered their price objective on Royal Caribbean Cruises from $286.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, December 15th. Mizuho reduced their target price on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Finally, Royal Bank Of Canada set a $360.00 price target on Royal Caribbean Cruises in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $323.68.

Royal Caribbean Cruises Trading Down 2.9%

Royal Caribbean Cruises stock traded down $9.00 during trading on Monday, reaching $302.51. 776,059 shares of the company were exchanged, compared to its average volume of 1,896,521. The stock’s 50 day simple moving average is $272.63 and its two-hundred day simple moving average is $307.74. The company has a market capitalization of $82.50 billion, a P/E ratio of 20.34, a PEG ratio of 0.82 and a beta of 1.94. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.16 and a quick ratio of 0.14. Royal Caribbean Cruises has a 52-week low of $164.01 and a 52-week high of $366.50.

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

Royal Caribbean Cruises declared that its board has initiated a stock buyback program on Wednesday, December 10th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $281.76, for a total transaction of $309,936.00. Following the sale, the director directly owned 14,234 shares in the company, valued at $4,010,571.84. This represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.95% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Royal Caribbean Cruises

Several large investors have recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC lifted its stake in Royal Caribbean Cruises by 27.1% in the second quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock worth $43,000 after acquiring an additional 29 shares during the last quarter. Prosperity Financial Group Inc. raised its holdings in shares of Royal Caribbean Cruises by 0.5% in the 2nd quarter. Prosperity Financial Group Inc. now owns 6,936 shares of the company’s stock valued at $2,172,000 after purchasing an additional 32 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of Royal Caribbean Cruises by 29.1% during the 2nd quarter. Westside Investment Management Inc. now owns 142 shares of the company’s stock worth $45,000 after purchasing an additional 32 shares during the last quarter. CX Institutional lifted its position in shares of Royal Caribbean Cruises by 1.4% during the 2nd quarter. CX Institutional now owns 2,423 shares of the company’s stock worth $759,000 after purchasing an additional 34 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Royal Caribbean Cruises by 6.4% during the third quarter. Versant Capital Management Inc now owns 562 shares of the company’s stock worth $182,000 after purchasing an additional 34 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.