11 hours Ago By ABMN Staff
Royal Caribbean Cruises ( NYSE:RCL – Get Free Report ) had its price target boosted by Truist Financial from $204.00 to $272.00 in a report released on Monday, Benzinga reports.
The firm presently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 10.62% from the company’s current price.
Several other equities research analysts also recently weighed in on the company. Sanford C. Bernstein assumed coverage on Royal Caribbean Cruises in a report on Tuesday, November 26th.
They issued an “outperform” rating and a $290.00 price objective for the company. Morgan Stanley raised their price objective on shares of Royal Caribbean Cruises from $140.
00 to $154.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Wells Fargo & Company upped their target price on shares of Royal Caribbean Cruises from $180.
00 to $232.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Macquarie raised their price target on Royal Caribbean Cruises from $189.
00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, StockNews.
com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.
com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average target price of $228.63. Read Our Latest Stock Report on RCL Royal Caribbean Cruises Trading Down 0.
2 % Royal Caribbean Cruises ( NYSE:RCL – Get Free Report ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.
05 by $0.15. Royal Caribbean Cruises had a net margin of 16.
21% and a return on equity of 52.92%. The company had revenue of $4.
89 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the prior year, the firm posted $3.
85 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 17.5% on a year-over-year basis.
On average, equities analysts forecast that Royal Caribbean Cruises will post 11.64 EPS for the current fiscal year. Insider Buying and Selling In related news, EVP Harri U.
Kulovaara sold 3,256 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.
72. Following the sale, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76.
This trade represents a 12.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link .
Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value of $33,150,685.
17. Following the completion of the transaction, the director now owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23.
This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here .
In the last quarter, insiders sold 404,332 shares of company stock valued at $94,299,521. 7.95% of the stock is currently owned by corporate insiders.
Institutional Trading of Royal Caribbean Cruises A number of hedge funds have recently made changes to their positions in the company. Wedge Capital Management L L P NC boosted its holdings in Royal Caribbean Cruises by 2.6% in the third quarter.
Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock valued at $51,349,000 after purchasing an additional 7,298 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of Royal Caribbean Cruises by 17.
2% during the 2nd quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock valued at $6,156,000 after buying an additional 5,655 shares during the last quarter.
Souders Financial Advisors bought a new stake in shares of Royal Caribbean Cruises in the third quarter worth $800,000. Swiss National Bank increased its stake in shares of Royal Caribbean Cruises by 0.5% in the third quarter.
Swiss National Bank now owns 725,638 shares of the company’s stock worth $128,699,000 after buying an additional 3,800 shares during the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises in the second quarter valued at $611,000. Hedge funds and other institutional investors own 87.
53% of the company’s stock. About Royal Caribbean Cruises ( Get Free Report ) 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.
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