Tigress Financial restates buy rating on Royal Caribbean
The equities firm set a $425.00 target price as the cruise company reported quarterly revenue above the consensus estimate.
Tigress Financial restated its buy rating on Royal Caribbean Cruises and set a target price of $425.00, according to a report on the research action. The same report said the company had an average rating of Moderate Buy and an average target price of $357.80.
Royal Caribbean reported quarterly revenue of $4.83 billion, narrowly above the consensus estimate of $4.82 billion. Revenue increased 6.5% compared with the same quarter a year earlier.
The cruise company set fiscal 2026 guidance at 17.730 to 17.870 earnings per share. It also issued third-quarter 2026 guidance of 6.260 to 6.360 earnings per share.
The report said Chief Executive Michael Bayley sold 12,811 shares on Wednesday, July 29th, at an average price of $315.99. It placed the total value of the transaction at $4,048,147.89. Hedge funds and other institutional investors owned 87.53% of the company’s stock, according to the report.
