In yesterday’s Wall Street session, Royal Caribbean Cruises Ltd. (NYSE:RCL) shares traded at $99.05, down -3.28% from the previous session.
As we calculate the median target price by taking the range between a high of $139.00 and a low of $83.00, we find $123.00. Given the previous closing price of $102.41, this indicates a potential upside of 20.11 percent. RCL stock price is now -2.44% away from the 50-day moving average and 32.75% away from the 200-day moving average. The market capitalization of the company currently stands at $25.46B.
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Brokers who have rated the stock have averaged $119.67 as their price target over the next twelve months.
With the price target maintained at $88, Argus recently Upgraded its rating from Hold to Buy for Royal Caribbean Cruises Ltd. (NYSE: RCL).
In other news, Montiel Maritza Gomez, Director bought 1,000 shares of the company’s stock on Aug 10. The stock was bought for $103,700 at an average price of $103.70. Upon completion of the transaction, the Director now directly owns 13,592 shares in the company, valued at $1.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01, Chief Accounting Officer Pujol Henry L sold 18,908 shares of the business’s stock. A total of $2,018,295 was realized by selling the stock at an average price of $106.74. This leaves the insider owning 23,521 shares of the company worth $2.33 million. Insiders disposed of 2,531,976 shares of company stock worth roughly $250.79 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 CAPITAL WORLD INVESTORS during the first quarter worth $260,270,000. TWO SIGMA INVESTMENTS, LP invested $145,739,000 in shares of RCL during the first quarter. In the first quarter, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in Royal Caribbean Cruises Ltd. valued at approximately $49,485,000. WEDGE CAPITAL MANAGEMENT L L P/NC acquired a new stake in RCL for approximately $30,898,000. MANE GLOBAL CAPITAL MANAGEMENT LP purchased a new stake in RCL valued at around $23,110,000 in the second quarter. In total, there are 949 active investors with 73.90% ownership of the company’s stock.
Thursday morning saw Royal Caribbean Cruises Ltd. (NYSE: RCL) opened at $101.25. During the past 12 months, Royal Caribbean Cruises Ltd. has had a low of $36.92 and a high of $112.95. As of last week, the company has a debt-to-equity ratio of 6.06, a current ratio of 0.20, and a quick ratio of 0.20. The fifty day moving average price for RCL is $101.59 and a two-hundred day moving average price translates $74.84 for the stock.
The latest earnings results from Royal Caribbean Cruises Ltd. (NYSE: RCL) was released for Jun, 2023. According to the Travel Services Company, earnings per share came in at $1.82, beating analysts’ expectations of $1.55 by 0.27. This compares to -$2.05 EPS in the same period last year. The net profit margin was -0.50% and return on equity was -1.80% for RCL. The company reported revenue of $3.52 billion for the quarter, compared to $2.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 61.29 percent. For the current quarter, analysts expect RCL to generate $4.05B 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.
