Royal Caribbean Cruises (NYSE:RCL) PT Lowered to $50.00 at Deutsche Bank Aktiengesellschaft

Royal Caribbean Cruises (NYSE:RCLGet Rating) had its target price trimmed by Deutsche Bank Aktiengesellschaft from $76.00 to $50.00 in a research report sent to investors on Tuesday, The Fly reports.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus cut their price target on Royal Caribbean Cruises from $125.00 to $118.00 and set a buy rating on the stock in a research report on Monday, March 14th. Susquehanna began coverage on Royal Caribbean Cruises in a research report on Thursday, June 9th. They set a positive rating and a $70.00 target price on the stock. Morgan Stanley dropped their target price on Royal Caribbean Cruises from $59.00 to $54.00 and set an underweight rating on the stock in a research report on Wednesday, June 8th. Truist Financial dropped their target price on Royal Caribbean Cruises from $70.00 to $65.00 and set a hold rating on the stock in a research report on Thursday, May 19th. Finally, Wells Fargo & Company began coverage on Royal Caribbean Cruises in a research report on Tuesday, March 29th. They set an overweight rating and a $93.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $78.33.

Shares of RCL opened at $36.07 on Tuesday. The business’s 50-day moving average is $60.64 and its two-hundred day moving average is $72.20. The company has a market capitalization of $9.20 billion, a P/E ratio of -1.73 and a beta of 2.40. The company has a debt-to-equity ratio of 5.00, a quick ratio of 0.37 and a current ratio of 0.40. Royal Caribbean Cruises has a fifty-two week low of $34.10 and a fifty-two week high of $98.27.

Royal Caribbean Cruises (NYSE:RCLGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($4.57) earnings per share for the quarter, topping the consensus estimate of ($4.68) by $0.11. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.15 billion. Royal Caribbean Cruises had a negative return on equity of 83.99% and a negative net margin of 207.74%. The firm’s revenue for the quarter was up 2421.1% compared to the same quarter last year. During the same period last year, the firm earned ($4.44) EPS. Analysts forecast that Royal Caribbean Cruises will post -6.13 EPS for the current year.

In related news, CEO Michael W. Bayley sold 3,637 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $80.00, for a total value of $290,960.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 9.28% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV lifted its stake in Royal Caribbean Cruises by 303.5% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 347 shares of the company’s stock worth $27,000 after purchasing an additional 261 shares in the last quarter. Capital Advisory Group Advisory Services LLC purchased a new position in Royal Caribbean Cruises in the 1st quarter worth approximately $29,000. Wolff Wiese Magana LLC purchased a new position in Royal Caribbean Cruises in the 4th quarter worth approximately $31,000. Cassady Schiller Wealth Management LLC purchased a new position in Royal Caribbean Cruises in the 4th quarter worth approximately $37,000. Finally, Tcwp LLC purchased a new stake in shares of Royal Caribbean Cruises during the 1st quarter valued at approximately $37,000. 73.74% of the stock is currently owned by institutional investors and hedge funds.

About Royal Caribbean Cruises (Get Rating)

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships.

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