A share price of Royal Caribbean Group [RCL] is currently trading at $156.47, down -1.86%. An important factor to consider is whether the stock is rising or falling in short-term value. The RCL shares have gain 1.26% over the last week, with a monthly amount glided 6.09%, and 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.
Royal Caribbean Group experienced fluctuations in its stock price throughout the past year between $78.35 and $162.50. Currently, Wall Street analysts expect the stock to reach $110.5 within the next 12 months. Royal Caribbean Group [NYSE: RCL] shares were valued at $156.47 at the most recent close of the market. An investor can expect a potential drop of -29.38% based on the average RCL price forecast.
Analyzing the RCL fundamentals
Trailing Twelve Months sales for Royal Caribbean Group [NYSE:RCL] were 14.74B which represents 29.21% growth. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.48 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.93.
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 153.99 points at the first support level, and at 151.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 159.47, and for the 2nd resistance point, it is at 162.48.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Royal Caribbean Group [NYSE:RCL] is 0.19. On the other hand, the Quick Ratio is 0.16, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 2.73, the price to book ratio is 7.82 and price to earnings (TTM) ratio is 20.51.
Transactions by insiders
Recent insider trading involved Fain Richard D, Director, that happened on Jun 13 ’24 when 19584.0 shares were sold. SVP, CLO, Secretary & CCO, Lake Robert Alexander completed a deal on Jun 03 ’24 to sell 7750.0 shares. Meanwhile, Pres&CEO, Royal Caribbean Intl Bayley Michael W sold 49155.0 shares on May 20 ’24.
