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

Royal Caribbean Cruises Ltd (RCL) and MSC Cruises have canceled voyages due to aggression from Houthi militia in the Red Sea. RCL canceled two voyages, one from Muscat to Dubai and another from Dubai to Mumbai, and rerouted a cruise from Aqaba to Muscat to disembark near Athens. MSC canceled three April trips from South Africa and the UAE to Europe. Carnival Corporation (CCL) is also adjusting itineraries as needed for safety. The Red Sea crisis, including the seizure of a U.S.-controlled tanker by Iran and the U.S. reclassifying Houthi rebels as terrorists, has led to increased oil prices and concerns for global trade.

Portfolio Pulse from Nabaparna Bhattacharya

January 19, 2024 | 11:36 am

Over the past 15 years, Royal Caribbean Gr (NYSE:RCL) has produced an average annual return of 18.29%, outperforming the market. A $100 investment in RCL 15 years ago would be worth $1,240.88 today. The company's current market capitalization stands at $31.47 billion.

Portfolio Pulse from Benzinga Insights

January 11, 2024 | 5:30 pm

Royal Caribbean Gr (NYSE:RCL) has seen a 3.83% increase in short interest since its last report, with 16.68 million shares sold short, representing 9.5% of its float. It would take about 5.47 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. RCL has a higher short interest compared to its peer group average of 7.42%.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 3:15 pm

Wall Street began 2024 with declines in major indices, particularly the S&P 500 and Nasdaq 100, dragged down by the tech sector. Tesla (TSLA) remained flat, while Apple (AAPL) and NVIDIA (NVDA), along with semiconductor ETFs like SOXX, saw significant drops. The decline in tech stocks was partly due to a White House request to limit chip exports to China. The dollar and Treasury yields surged, while commodities had a mixed day. Bitcoin (BTC) rose, anticipating a Bitcoin ETF approval. Sector ETFs like SPY, DIA, and QQQ moved in line with their respective indices, while XLV outperformed and XLK lagged. Biotech stocks and ETFs like IBB performed well, whereas semiconductor ETFs like SMH declined. Moderna (MRNA) surged after an Oppenheimer upgrade, while Rivian (RIVN) and cruise lines like NCLH and RCL saw stock price declines.

Portfolio Pulse from Piero Cingari

January 02, 2024 | 6:29 pm

The S&P 500 is set to end the year with a 24.6% gain, led by Nvidia and Meta Platforms with YTD gains of 239% and 198%, respectively. Other top performers include Royal Caribbean, Builders FirstSource, Uber, Palo Alto Networks, and Tesla. The 'Magnificent Seven' mega-cap tech stocks, including Amazon, Alphabet, Microsoft, and Apple, also saw significant gains. Analysts predict smaller tech companies may outperform large-caps in 2024, with the iShares Russell 2000 Growth ETF potentially outperforming the SPDR S&P 500 ETF Trust. Tesla could maintain its market share despite pessimistic expectations, and a potential Federal Reserve rate cut in 2024 may increase risk appetite and draw investors back into the stock market.

Portfolio Pulse from Shanthi Rexaline

December 29, 2023 | 11:02 am

Over the past 15 years, Royal Caribbean Gr (NYSE:RCL) has produced an average annual return of 16.28%, outperforming the market. A $1000 investment in RCL 15 years ago would be worth $10,457.59 today. The company's current market capitalization stands at $32.75 billion.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 9:30 pm

Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) rose by 3.8% to $125.40, influenced by Carnival Corp's positive Q4 financial results and FY24 guidance. Additionally, Tigress Financial analyst Ivan Feinseth upgraded RCL's price target from $139 to $155. Carnival reported Q4 sales of $5.397 billion, surpassing estimates, with a significant increase in Passenger Cruise Days and a record high in customer deposits.

Portfolio Pulse from Henry Khederian

December 21, 2023 | 7:19 pm

Argus Research analyst John Staszak has reaffirmed a Buy rating on Royal Caribbean Group (NYSE:RCL) and increased the price target from $95 to $142, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 7:19 pm

Royal Caribbean Cruises' stock (RCL) is trading higher following Tigress Financial's decision to maintain a Buy rating and increase the price target from $139 to $155.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 4:08 pm

Analyst ratings for Royal Caribbean Gr (NYSE:RCL) show a mix of bullish to bearish sentiments. Over the last quarter, 10 analysts provided ratings with 5 bullish, 3 somewhat bullish, and 2 indifferent. The 12-month price targets have an average of $123.0, with a high of $155.00 and a low of $95.00, reflecting a slight increase from the previous average of $122.43. Recent analyst actions include adjustments to ratings and price targets, with some maintaining their positions while others raise or lower their targets. Royal Caribbean operates 64 ships and has 10 more on order, with a market cap above industry average, a revenue growth rate of 39.0%, a net margin of 24.25%, but an ROE and ROA below industry standards, and a debt-to-equity ratio of 4.65.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 12:01 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.