Royal Caribbean Group [RCL] stock prices are up 1.08% to $127.97 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RCL shares have lost -2.24% over the last week, with a monthly amount drifted -0.23%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Royal Caribbean Group [NYSE: RCL] stock has seen the most recent analyst activity on April 17, 2024, when Mizuho initiated its Buy rating and assigned the stock a price target of $164. Previously, Goldman started tracking the stock with Buy rating on March 13, 2024, and set its price target to $162. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $115 on October 23, 2023. Truist upgraded its rating to a Buy and raised its price target to $137 on September 19, 2023. Argus upgraded its rating to Buy for this stock on May 16, 2023, but kept the price target unchanged to $88. In a note dated April 28, 2023, JP Morgan initiated an Overweight rating and provided a target price of $94 on this stock.
The stock price of Royal Caribbean Group [RCL] has been fluctuating between $59.37 and $141.70 over the past year. Currently, Wall Street analysts expect the stock to reach $92.67 within the next 12 months. Royal Caribbean Group [NYSE: RCL] shares were valued at $127.97 at the most recent close of the market. An investor can expect a potential drop of -27.58% based on the average RCL price forecast.
Analyzing the RCL fundamentals
The Royal Caribbean Group [NYSE:RCL] reported sales of 13.90B for trailing twelve months, representing a surge of 27.92%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.27 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.55.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 126.36 points at the first support level, and at 124.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 129.88, and for the 2nd resistance point, it is at 131.78.
Ratios To Look Out For
It’s worth pointing out that Royal Caribbean Group [NYSE:RCL]’s Current Ratio is 0.19. In addition, the Quick Ratio stands at 0.16 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 2.36, the price to book ratio is 6.95 and price to earnings (TTM) ratio is 20.77.
Transactions by insiders
Recent insider trading involved Bayley Michael W, Pres&CEO, Royal Caribbean Intl, that happened on Feb 13 ’24 when 11753.0 shares were sold. Director, Wilhelmsen Arne Alexander completed a deal on Dec 14 ’23 to sell 0.28 million shares. Meanwhile, Director Wilhelmsen Arne Alexander sold 0.4 million shares on Dec 13 ’23.
