In yesterday’s Wall Street session, Royal Caribbean Cruises Ltd. (NYSE:RCL) shares traded at $80.33, up 0.92% from the previous session.
As of this writing, 18 analysts cover Royal Caribbean Cruises Ltd. (NYSE:RCL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $104.00 and a low of $70.00, we find $86.50. Given the previous closing price of $79.60, this indicates a potential upside of 8.67 percent. RCL stock price is now 20.85% away from the 50-day moving average and 39.80% away from the 200-day moving average. The market capitalization of the company currently stands at $20.68B.
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There are 6 analysts who have given it a hold rating, whereas 11 have given it a buy rating. Brokers who have rated the stock have averaged $87.64 as their price target over the next twelve months.
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In other news, Liberty Jason T, President and CEO sold 36,536 shares of the company’s stock on May 17. The stock was sold for $2,922,949 at an average price of $80.00. Upon completion of the transaction, the President and CEO now directly owns 147,078 shares in the company, valued at $11.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17, Pres& CEO,Royal Caribbean Intl Bayley Michael W sold 20,624 shares of the business’s stock. A total of $1,649,998 was realized by selling the stock at an average price of $80.00. This leaves the insider owning 122,191 shares of the company worth $9.82 million. Insiders disposed of 1,564,631 shares of company stock worth roughly $125.69 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RCL stock. A new stake in Royal Caribbean Cruises Ltd. shares was purchased by INTERVAL PARTNERS, LP during the first quarter worth $40,276,000. HOLOCENE ADVISORS, LP invested $18,295,000 in shares of RCL during the first quarter. In the first quarter, NIPPON LIFE GLOBAL INVESTORS AMERICAS, INC. acquired a new stake in Royal Caribbean Cruises Ltd. valued at approximately $17,427,000. SEGANTII CAPITAL MANAGEMENT LTD acquired a new stake in RCL for approximately $16,066,000. LANDSCAPE CAPITAL MANAGEMENT, L.L.C. purchased a new stake in RCL valued at around $15,630,000 in the second quarter. In total, there are 895 active investors with 73.90% ownership of the company’s stock.
Monday morning saw Royal Caribbean Cruises Ltd. (NYSE: RCL) opened at $80.00. During the past 12 months, Royal Caribbean Cruises Ltd. has had a low of $31.09 and a high of $80.23. As of last week, the company has a debt-to-equity ratio of 7.53, a current ratio of 0.30, and a quick ratio of 0.20. The fifty day moving average price for RCL is $66.74 and a two-hundred day moving average price translates $57.66 for the stock.
The latest earnings results from Royal Caribbean Cruises Ltd. (NYSE: RCL) was released for Mar, 2023. According to the Travel Services Company, earnings per share came in at -$0.23, beating analysts’ expectations of -$0.7 by 0.47. This compares to -$4.58 EPS in the same period last year. The net profit margin was -9.70% and return on equity was -33.60% for RCL. The company reported revenue of $2.89 billion for the quarter, compared to $1.06 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 172.38 percent. For the current quarter, analysts expect RCL to generate $3.4B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/06/2020. Investors who held shares on 03/06/2020 were paid a $0.78 dividend.
Royal Caribbean Cruises Ltd.(RCL) 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 13, 2023, it operated 64 ships. The company was founded in 1968 and is headquartered in Miami, Florida.
