In yesterday’s Wall Street session, Royal Caribbean Group (NYSE:RCL) shares traded at $133.75, up 2.18% from the previous session.
RCL stock price is now 5.17% away from the 50-day moving average and 21.89% away from the 200-day moving average. The market capitalization of the company currently stands at $34.33B.
With the price target of $162, Goldman recently initiated with Buy rating for Royal Caribbean Group (NYSE: RCL)., while ‘HSBC Securities’ rates the stock as ‘Buy’
In other news, Bayley Michael W, Pres&CEO, Royal Caribbean Intl sold 11,753 shares of the company’s stock on Feb 13 ’24. The stock was sold for $1,363,486 at an average price of $116.01. Upon completion of the transaction, the Pres&CEO, Royal Caribbean Intl now directly owns 166,537 shares in the company, valued at $22.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14 ’23, Director Wilhelmsen Arne Alexander sold 284,766 shares of the business’s stock. A total of $34,664,565 was realized by selling the stock at an average price of $121.73. This leaves the insider owning 19,167,507 shares of the company worth $2.56 billion. A total of 8.14% of the company’s stock is owned by insiders.
During the past 12 months, Royal Caribbean Group has had a low of $59.37 and a high of $141.70. As of last week, the company has a debt-to-equity ratio of 4.68, a current ratio of 0.19, and a quick ratio of 0.16. According to the stock market information, the enterprise value for the company is $55.96B, which is based on a 21.71 price-to-earnings ratio, a 0.79 price-to-earnings-growth ratio, and a beta of 2.53. The fifty day moving average price for RCL is $127.33 and a two-hundred day moving average price translates $109.92 for the stock.
The latest earnings results from Royal Caribbean Group (NYSE: RCL) was released for Dec, 2023. According to the Travel Services Company, earnings per share came in at $1.25, beating analysts’ expectations of $1.13 by 0.12. This compares to -$1.96 EPS in the same period last year. The net profit margin was 12.22% and return on equity was 44.72% for RCL. The company reported revenue of $3.33 billion for the quarter, compared to $2.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.96 percent. For the current quarter, analysts expect RCL to generate $3.68B in revenue.
