Royal Caribbean Cruises (NYSE:RCL – Get 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.
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.
- Get a free copy of the StockNews.com research report on Royal Caribbean Cruises (RCL)
- Zai Lab Stock Has Fallen to Value Levels
- Are These Cheap Copper Stocks Right For Your Portfolio?
- It’s A Comfortable Time To Buy Steelcase
- Worthington Posts Strong Results, But Earnings Fall On One-Off Adjustments
- A Tasty Entry Point Into Darden Restaurants International
Receive News & Ratings for Royal Caribbean Cruises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Cruises and related companies with MarketBeat.com's FREE daily email newsletter.