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

232.48

Mkt cap

62B

Volume

1.4M

High

234.25

P/E Ratio

23.31

52-wk high

238.10

Low

230.48

Div yield

0.00

52-wk low

102.77

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

Carnival Corp (NYSE:CCL) has resumed operations at the Port of Baltimore after the U.S. Coast Guard reopened the Fort McHenry Channel. The port was closed due to a Maersk containership accident that caused the collapse of the Francis Scott Key Bridge. Carnival Pride resumed sailings on May 26, and shares of Carnival climbed 2.7% in pre-market trading. Royal Caribbean Group (NYSE:RCL) and Norwegian Cruise Line Holdings (NYSE:NCLH) also operate from the Port of Baltimore.

Portfolio Pulse from Michael Juliano

June 12, 2024 | 2:06 pm

Major cruise operators like Royal Caribbean, Carnival, and Norwegian Cruise Line are cutting summer cruise prices despite high demand. This is due to increased capacity and rerouting from conflict zones. Older ships are being discounted as newer vessels enter the market.

Portfolio Pulse from Shivani Kumaresan

May 30, 2024 | 5:40 pm

Argus Research has maintained its Buy rating on Royal Caribbean Group (NYSE:RCL) and raised the price target from $161 to $172, indicating confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 2:43 pm

Royal Caribbean Gr (NYSE:RCL) has received a mix of bullish and bearish ratings from 12 analysts in the latest quarter. The average 12-month price target is $162.08, reflecting a 6.98% increase from the previous target. Analysts have raised their price targets, indicating positive sentiment. Despite strong revenue growth, the company faces challenges in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 1:00 pm

Truist Securities has maintained its Buy rating on Royal Caribbean Group (NYSE:RCL) and raised the price target from $151 to $175.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:49 am

Norwegian Cruise Line Holdings Ltd (NCLH) shares are trading higher after Mizuho Securities analyst Ben Chaiken upgraded the stock from Neutral to Buy and raised the price target from $21 to $24. The analyst cited valuation reset, cost-cutting measures, and favorable industry conditions as key factors.

Portfolio Pulse from Shivani Kumaresan

May 28, 2024 | 5:49 pm

Airbnb and Norwegian Cruise Holdings received analyst upgrades, signaling potential growth in the travel and leisure sector. ETFs tracking this sector have underperformed compared to the broader market, but improving outlooks are drawing investor interest.

Portfolio Pulse from Piero Cingari

May 28, 2024 | 5:17 pm

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