The price of Royal Caribbean Cruises Ltd. (NYSE:RCL) shares last traded on Wall Street rose 1.26% to $102.38.
Based on available information, 18 analysts follow 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 $120.00 and a low of $70.00, we find $101.50. Given the previous closing price of $101.11, this indicates a potential upside of 0.39 percent. RCL stock price is now 12.42% away from the 50-day moving average and 50.96% away from the 200-day moving average. The market capitalization of the company currently stands at $25.86B.
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Among analysts, 7 rate the stock a hold while 10 rate it a buy. Brokers who have rated the stock have averaged $97.96 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, Wilhelmsen Arne Alexander, Director sold 318,325 shares of the company’s stock on May 25. The stock was sold for $24,820,628 at an average price of $77.97. Upon completion of the transaction, the Director now directly owns 20,167,507 shares in the company, valued at $2.06 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23, Director Wilhelmsen Arne Alexander sold 203,800 shares of the business’s stock. A total of $16,333,816 was realized by selling the stock at an average price of $80.15. This leaves the insider owning 20,485,832 shares of the company worth $2.1 billion. Insiders disposed of 2,514,078 shares of company stock worth roughly $257.39 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 $51,331,000. WEDGE CAPITAL MANAGEMENT L L P/NC invested $31,936,000 in shares of RCL during the first quarter. In the first quarter, HOLOCENE ADVISORS, LP acquired a new stake in Royal Caribbean Cruises Ltd. valued at approximately $23,317,000. NIPPON LIFE GLOBAL INVESTORS AMERICAS, INC. acquired a new stake in RCL for approximately $22,210,000. SEGANTII CAPITAL MANAGEMENT LTD purchased a new stake in RCL valued at around $20,476,000 in the second quarter.
A candlestick chart of Royal Caribbean Cruises Ltd. (NYSE: RCL) showed a price of $102.07 on Friday morning. During the past 12 months, Royal Caribbean Cruises Ltd. has had a low of $33.00 and a high of $105.21. 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 $91.58 and a two-hundred day moving average price translates $68.14 for the stock.
The latest earnings results from Royal Caribbean Cruises Ltd. (NYSE: RCL) was released for Mar, 2023. 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.
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.
