Royal Caribbean Group [RCL] stock is trading at $169.02, up 4.30%. An important factor to consider is whether the stock is rising or falling in short-term value. The RCL shares have gain 6.41% over the last week, with a monthly amount glided 8.95%, 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 [RCL] stock has fluctuated between $78.35 and $173.37 over the past year. 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 $169.02 at the most recent close of the market. An investor can expect a potential drop of -34.62% based on the average RCL price forecast.
Analyzing the RCL fundamentals
Royal Caribbean Group [NYSE:RCL] reported sales of 15.33B for the trailing twelve months, which represents a growth of 16.66%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.49 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.47.
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 163.64 points at the first support level, and at 158.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 171.94, and for the 2nd resistance point, it is at 174.85.
Ratios To Look Out For
For context, Royal Caribbean Group’s Current Ratio is 0.19. On the other hand, the Quick Ratio is 0.17, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 2.84, the price to book ratio is 7.24 and price to earnings (TTM) ratio is 18.85.
Transactions by insiders
Recent insider trading involved Sorensen Vagn O, Director, that happened on Aug 15 ’24 when 5800.0 shares were sold. Officer, Sorensen Vagn O completed a deal on Aug 14 ’24 to buy 5800.0 shares. Meanwhile, Chief Financial Officer Holtz Naftali bought 5350.0 shares on Aug 02 ’24.
