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Royal Caribbean Cruises Ltd. (NYSE:RCL) Given Average Rating of “Hold” by Analysts


Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Get Rating) have earned a consensus rating of “Buy” from the nine brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $91.11.

RCL has been the topic of several recent analyst reports. Citigroup assumed coverage on Royal Caribbean Cruises in a report on Thursday, February 10th. They issued a “buy” rating and a $105.00 target price on the stock. Stifel Nicolaus dropped their target price on shares of Royal Caribbean Cruises from $125.00 to $118.00 and set a “buy” rating for the company in a research report on Monday, March 14th. Morgan Stanley lowered their price objective on shares of Royal Caribbean Cruises from $65.00 to $61.00 and set an “underweight” rating for the company in a research report on Tuesday, February 8th. Truist Financial lowered their price objective on shares of Royal Caribbean Cruises from $80.00 to $70.00 and set a “hold” rating for the company in a research report on Thursday, March 17th. Finally, Wells Fargo & Company initiated coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, March 29th. They set an “overweight” rating and a $93.00 target price for the company.

In related news, CEO Lisa Lutoff-Perlo sold 10,435 shares of the business’s stock in a transaction on Thursday, February 10th. The shares were sold at an average price of $87.93, for a total value of $917,549.55. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael W. Bayley sold 3,637 shares of the business’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $80.00, for a total transaction of $290,960.00. The disclosure for this sale can be found here. Insiders sold 17,931 shares of company stock worth $1,505,730 in the last 90 days. Company insiders own 9.56% of the company’s stock.

Several large investors have recently bought and sold shares of RCL. Norges Bank bought a new stake in Royal Caribbean Cruises in the 4th quarter worth about $140,577,000. Absolute Investment Advisers LLC purchased a new stake in Royal Caribbean Cruises in the fourth quarter worth $1,272,000. Voya Investment Management LLC lifted its position in shares of Royal Caribbean Cruises by 32.7% during the 3rd quarter. Voya Investment Management LLC now owns 3,488,790 shares of the company’s stock valued at $310,328,000 after buying an additional 860,273 shares during the last quarter. Capital International Investors grew its stake in shares of Royal Caribbean Cruises by 2.8% during the 4th quarter. Capital International Investors now owns 27,362,504 shares of the company’s stock worth $2,104,262,000 after acquiring an additional 734,952 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Royal Caribbean Cruises during the 1st quarter worth $51,548,000. 73.74% of the stock is owned by institutional investors.

RCL traded up $0.54 during trading on Tuesday, reaching $61.95. 157,663 shares of the stock traded hands, compared to its average volume of 3,936,887. The stock has a market cap of $15.80 billion, a price-to-earnings ratio of -2.96 and a beta of 2.38. Royal Caribbean Cruises has a fifty-two week low of $61.16 and a fifty-two week high of $98.27. The company has a debt-to-equity ratio of 5.00, a current ratio of 0.40 and a quick ratio of 0.47. The stock’s 50-day simple moving average is $76.87 and its two-hundred day simple moving average is $79.07.

Royal Caribbean Cruises (NYSE:RCL – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($4.57) earnings per share for the quarter, topping analysts’ consensus estimates of ($4.65) by $0.08. Royal Caribbean Cruises had a negative return on equity of 83.99% and a negative net margin of 207.74%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm earned ($4.44) earnings per share. The business’s quarterly revenue was up 2421.1% compared to the same quarter last year. Research analysts anticipate that Royal Caribbean Cruises will post -4.89 earnings per share for the current fiscal year.

About Royal Caribbean Cruises (GetRating)

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.

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Analyst Recommendations for Royal Caribbean Cruises (NYSE:RCL)



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