According to a report by The Fly, research analysts at Barclays raised their price target for Royal Caribbean Cruises (NYSE: RCL) in a public note on Thursday. The new price target is $70.00. In addition, the company that provides ratings has determined that the stock should be classified as “overweight” at present. According to the target price Barclays has established for the company, there is the potential for a gain of 26.63% compared to the price at which the company’s most recent trading session ended.
There have been recent research publications on the company from several additional equity analysts. The most recent events are the primary focus of these analyses. Credit Suisse Group lowered their price target for Royal Caribbean Cruises in a report released on November 4. The report was about the company’s stock. The price target was reduced from $135.00 to $117.00, and an “outperform” rating was assigned to the company. JPMorgan Chase & Co. lowered their target price for Royal Caribbean Cruises shares from $106.00 to $47.00 in a research report published on Tuesday, December 6. The firm also changed its rating for the stock from “overweight” to “underweight.”
Additionally, they revised their price objective, moving it from “overweight” to “underweight.” Stifel Nicolaus gave Royal Caribbean Cruises a “buy” rating in a research report published on Monday, September 19. Additionally, the firm increased its price target for Royal Caribbean Cruises from $60.00 to $70.00. In addition to that, they recommended purchasing shares of the company. Tigress Financial reaffirmed a “buy” rating on shares of Royal Caribbean Cruises and set a price objective of $80.00 for the stock in a report released on Friday, October 21. The report was published on the company’s website. Royal Caribbean Cruises received a “buy” recommendation from the investment firm UBS Group in a report that was made public on November 14. Before this, the firm had given the company a “hold” rating. Nine analysts have suggested that investors buy the stock, while only two have suggested that investors hold on to it, and three have suggested that investors sell it. According to the data from Bloomberg.com, the company is currently rated as having a consensus “Hold” rating and an average target price of $67.85. This data suggests that the company should be held.
On Thursday, shares of RCL opened trading on the NYSE for $55.28 per share. The stock’s moving averages for the past 50 and 200 days are currently $53.59 and $45.84, respectively. The 50-day moving average is currently higher than the 200-day moving average. The lowest point over the past year for Royal Caribbean Cruises was $31.09, while the highest point over the past year for the company was $90.55. At the moment, the ratio of debt to equity stands at 6.05. While the quick ratio comes in at 0.27, the current ratio stands at 0.29. The company has a price-to-earnings ratio of -4.67 and a beta value of 2.41. The market capitalization of the company is $14.11 billion.
On November 3, Royal Caribbean Cruises (NYSE: RCL) made available to the general public a report that went into detail regarding the company’s financial performance for the third quarter. The company’s annual earnings per share (EPS) generated for the quarter came in at $0.26, which is $0.03 more than the consensus estimate of $0.23 per share. Royal Caribbean Cruises disclosed a net margin that was in the red by amount of 41.73% and a return on equity that was also in the red by the amount of 72.62%. The company’s quarterly sales came in at $2.99 billion, significantly lower than the industry analysts’ consensus projection of $3 billion, which was made for the previous quarter. A loss of $7.72 per share is anticipated to be incurred by Royal Caribbean Cruises during the current fiscal year, as stated by the projections of equity research industry professionals.
Arne Alexander Wilhelmsen, a director at the company, sold a total of 522,289 shares of the company’s equity on December 1. The following events took place not too long ago: $31,979,755.47 was received for the sale of the shares, which works out to an average price of $61.23 per share. A total of 21,962,609 shares of the company’s stock, currently worth 1,344,770,549.07 dollars, are held in the director’s portfolio by the company. The transaction was made public through a filing that was made with the SEC, which can be located on the website of the SEC. Company’s equity. The following events took place not too long ago: $31,979,755.47 was received for the sale of the shares, which works out to an average price of $61.23 per share. A total of 21,962,609 shares of the company’s stock, currently worth 1,344,770,549.07 dollars, are held in the director’s portfolio by the company. The transaction was made public through a filing that was made with the SEC, which can be located on the website of the SEC. Insiders have sold 1,007,968 company stock over the past three months, realizing a combined profit of $60,959,468. Currently, corporate insiders hold a percentage of the stock equal to 9.28%.
Several large institutional investors, including hedge funds, have recently rebalanced the percentage of the company’s stock that they hold in their portfolios. IHT Wealth Management LLC increased its stake in Royal Caribbean Cruises during the third quarter by investing approximately $294,000. The percentage of Riley Wealth Advisors Inc.’s market share that B. Royal Caribbean Cruises held increased by 23.1% during the third quarter of this year. Since the beginning of the most recent quarter, the number of shares that B. Riley Wealth Advisors Inc. owns in the company has increased by 1,866. This brings the total number of shares that B. Riley Wealth Advisors Inc. owns in the company up to 9,945 shares, which have a value of $378,000.00. During the third quarter, the Teachers Retirement System of Kentucky made a new position investment of $794,000. Royal Caribbean Cruises received this investment. During the third quarter, M&T Bank Corp. increased the percentage of Royal Caribbean Cruises stock owned by 10.3%. Following the purchase of 1,060 additional shares during the most recent quarter, M&T Bank Corp. now holds 11,328 shares with a value of $429,000. The final one is the Glenmede Trust Company. During the third quarter, NA made a new investment in Royal Caribbean Cruises that was somewhere in the neighborhood of $235,000. Hedge funds and other institutional investors currently hold 67.41% of the stock’s market value.
The name Royal Caribbean Cruises Ltd. refers to a business active in the cruise industry sector that operates worldwide. Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises, and Silversea Cruises are all brands under which the same company operates cruises. Their combined journeys stop at more than a thousand distinct ports of call across the world. There were 61 ships present on February 25, 2022.