Royal Caribbean Group (NYSE:RCL) shares traded 0.80% higher at $82.88 on Wall Street last session.
In accordance with the data, 21 analysts cover Royal Caribbean Group (NYSE:RCL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $139.00 and a low of $95.00, we find $123.00. Given the previous closing price of $82.22, this indicates a potential upside of 49.6 percent. RCL stock price is now -11.20% away from the 50-day moving average and 0.17% away from the 200-day moving average. The market capitalization of the company currently stands at $21.23B.
It has been rated a hold by 6 analysts and a buy by 13. Brokers who have rated the stock have averaged $121.00 as their price target over the next twelve months.
With the price target of $115, HSBC Securities recently initiated with Buy rating for Royal Caribbean Group (NYSE: RCL).
In other news, Bayley Michael W, Pres& CEO,Royal Caribbean Intl sold 10,000 shares of the company’s stock on Sep 12. The stock was sold for $1,000,215 at an average price of $100.02. Upon completion of the transaction, the Pres& CEO,Royal Caribbean Intl now directly owns 102,191 shares in the company, valued at $8.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06, Pres& CEO,Royal Caribbean Intl Bayley Michael W sold 10,000 shares of the business’s stock. A total of $974,300 was realized by selling the stock at an average price of $97.43. This leaves the insider owning 112,191 shares of the company worth $9.3 million. Insiders disposed of 2,545,709 shares of company stock worth roughly $210.99 million over the past 1 year. A total of 8.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RCL stock. A new stake in Royal Caribbean Group shares was purchased by CAPITAL WORLD INVESTORS during the first quarter worth $217,781,000. TWO SIGMA INVESTMENTS, LP invested $121,947,000 in shares of RCL during the first quarter. In the first quarter, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in Royal Caribbean Group valued at approximately $41,407,000. MANE GLOBAL CAPITAL MANAGEMENT LP acquired a new stake in RCL for approximately $19,337,000. SHELLBACK CAPITAL, LP purchased a new stake in RCL valued at around $16,576,000 in the second quarter. In total, there are 949 active investors with 77.13% ownership of the company’s stock.
Royal Caribbean Group (NYSE: RCL) opened at $83.89 on Thursday. During the past 12 months, Royal Caribbean Group has had a low of $45.80 and a high of $112.95. As of last week, the company has a debt-to-equity ratio of 4.65, a current ratio of 0.19, and a quick ratio of 0.17. The fifty day moving average price for RCL is $92.97 and a two-hundred day moving average price translates $82.86 for the stock.
The latest earnings results from Royal Caribbean Group (NYSE: RCL) was released for Jun, 2023. According to the Travel Services Company, earnings per share came in at $1.82, beating analysts’ expectations of $1.55 by 0.27. This compares to -$2.05 EPS in the same period last year. The net profit margin was 6.98% and return on equity was 24.11% for RCL. The company reported revenue of $3.52 billion for the quarter, compared to $2.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 61.29 percent. For the current quarter, analysts expect RCL to generate $4.05B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/06/2020. Investors who held shares on 03/06/2020 were paid a $0.78 dividend.
Royal Caribbean Group(RCL) Company Profile
Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 13, 2023, it operated 64 ships. The company was founded in 1968 and is headquartered in Miami, Florida.
