Streetbeat News

RCL

Royal Caribbean Cruises Ltd.

https://www.rclinvestor.com

Industry

Travel Services

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships. The company was founded in 1968 and is headquartered in Miami, Florida.

Open

221.79

Mkt cap

61B

Volume

1.8M

High

228.08

P/E Ratio

22.55

52-wk high

228.08

Low

221.07

Div yield

0.00

52-wk low

92.55

Carnival Corp. (NASDAQ:CCL) rallied over 8% after reporting strong Q2 earnings that beat expectations. Goldman Sachs maintained a 'Buy' rating with a $22 price target. Royal Caribbean (NYSE:RCL) and Norwegian Cruise Line (NYSE:NCLH) also saw gains.

Portfolio Pulse from Piero Cingari

June 25, 2024 | 6:54 pm

Tech stocks are rebounding, led by Nvidia's 4% rise, reclaiming its $3 trillion valuation. The VanEck Semiconductor ETF also rose 1.8%. Cruise lines and crypto stocks saw gains, while non-tech sectors lagged. Treasury yields increased slightly, and commodities mostly declined.

Portfolio Pulse from Piero Cingari

June 25, 2024 | 5:19 pm

Royal Caribbean Cruises Ltd (NYSE:RCL) shares are trading higher in sympathy with Carnival Corp (NYSE:CCL), which reported better-than-expected quarterly results. Carnival's strong performance and positive guidance have positively influenced Royal Caribbean's stock ahead of its own earnings report.

Portfolio Pulse from Adam Eckert

June 25, 2024 | 5:12 pm

Shares of cruise stocks are trading higher after Carnival reported better-than-expected Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 1:45 pm

12 analysts have recently evaluated Royal Caribbean Gr (NYSE:RCL), with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased by 5.98% to $164.17. Analysts from firms like JP Morgan, Argus Research, and Truist Securities have raised their price targets, reflecting positive sentiment. Despite strong revenue growth, the company faces challenges with net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 9:02 pm

Top Wall Street analysts have updated their outlooks on several major stocks, including Micron Technology, Kroger, Royal Caribbean Cruises, Sarepta Therapeutics, argenx, HEICO, CarMax, Sirius XM, Planet Fitness, and AvalonBay Communities. These updates include both price target changes and rating adjustments.

Portfolio Pulse from Avi Kapoor

June 24, 2024 | 12:25 pm

JP Morgan analyst Matthew Boss maintains an Overweight rating on Royal Caribbean Group (NYSE:RCL) and raises the price target from $173 to $175.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:58 am

The Nasdaq reached a record high, but consumer sentiment fell below expectations. Cruise stocks, including Carnival Corporation (CCL), Carnival plc (CUK), Norwegian Cruise Line Holdings (NCLH), and Royal Caribbean Group (RCL), declined after Bank of America highlighted softer June pricing.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 8:06 pm

Shares of cruise stocks are trading lower after B of A Securities reported 'modestly' softer pricing in June, based on cruise prices.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 4:41 pm

Goldman Sachs analyst Kate McShane reports a healthy consumer outlook for 2024, driven by strong labor demand and wage growth. Despite a higher unemployment rate, the surplus of jobs is expected to boost disposable personal income and consumer spending. McShane recommends stocks like Coca-Cola, Colgate-Palmolive, Sprouts Farmers Market, SharkNinja, and Royal Caribbean Group as they are insulated from risk factors.

Portfolio Pulse from Michael Juliano

June 12, 2024 | 4:29 pm

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