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CEO Jason T. Liberty sold 58,000 shares of Royal Caribbean Cruises for $15.19 million, reducing his ownership by 28.83%. CFO Naftali Holtz also sold 17,000 shares for $4.45 million, reflecting a 28.75% decrease in his holdings. Insiders have sold a total of 109,492 shares valued at $28.57 million over the past 90 days, while institutional investors own 87.53% of the company.
BNP Paribas Exane has initiated coverage on Royal Caribbean Cruises with an Outperform rating and a price target of $262, highlighting the company's innovative private island strategy and potential for significant Net Yield growth. The cruise operator has seen an impressive 58.6% return over the past year, with revenue increasing by 18.6% and an EBITDA of $5.7 billion. Despite broader economic challenges affecting travel stocks, analysts remain optimistic, with targets ranging from $185 to $330.
Morgan Stanley upgraded Norwegian Cruise Line Holdings from Underweight to Equalweight, lowering the price target to $22.00 amid a 22% year-to-date stock decline. Despite a strong fourth quarter with EPS of $0.26 and a revenue increase to $9.5 billion, concerns over high leverage persist, with a net debt to EBITDA ratio projected at 5.0 times for 2025. Analysts remain divided, with some maintaining strong buy ratings based on growth potential, while others express caution due to market pressures and economic uncertainties.
Royal Caribbean Cruises' executive vice president now holds 22,348 shares valued at over $5.24 million after a 12.72% reduction in ownership. In the past 90 days, insiders sold 372,609 shares worth nearly $87.65 million, while institutional investors own 87.53% of the stock. UBS Group raised its target price for RCL from $271 to $301, indicating a potential upside of 15.28%.
UBS has raised its price target for Royal Caribbean to $301 from $271, maintaining a Buy rating after the company reported an 18.6% year-over-year revenue growth in Q4. Analysts have adjusted their earnings estimates upward, with targets ranging from $225 to $315, driven by new private destinations and strong demand momentum heading into 2024. Despite increased costs associated with the river cruise business, the overall outlook remains positive, with potential EPS growth anticipated for 2026.
Insiders sold 372,609 shares of Royal Caribbean Cruises stock worth $87.6 million last quarter, with corporate insiders owning 7.95% of the company. Institutional investors hold 87.53% of the stock, and Barclays recently raised its price target for RCL to $308, indicating a potential upside of 16.36%. The stock currently has a "Moderate Buy" rating, with an average target price of $254.94.
Royal Caribbean Group, the world's second-largest cruise company, operates under several brands including Royal Caribbean International and Celebrity Cruises. The company generates 61.4% of its net sales from ticket sales, predominantly from the U.S., while 38.6% comes from onboard services. As of the end of 2021, it boasts a fleet of 61 ships with a total capacity of 140,855 berths.
Executives at major companies are increasingly discussing the upcoming presidential election, with mentions of "election" rising to the highest level since 2004. Concerns about economic stability and consumer behavior are prevalent, as leaders anticipate potential impacts on their businesses amid a tight race between Kamala Harris and Donald Trump. Many firms are adopting a cautious approach, with some executives noting a pause in hiring and investment decisions linked to election uncertainty.
Cruise lines are thriving as a cost-effective alternative to hotels, with strong demand and pricing momentum post-Covid. Royal Caribbean's new ships and private islands enhance their appeal, while Carnival and Norwegian also report robust bookings and earnings growth. Analysts remain optimistic, noting that the cruise industry's pricing power and unique offerings position it well against traditional vacation options.
Royal Caribbean Cruises Ltd.
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