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

Benzinga's options activity scanner has identified significant trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Ford (F), Capri Holdings (CPRI), Thermon Group Holdings (TH), General Motors (GM), Royal Caribbean Cruises (RCL), Chewy (CHWY), Sleep Number (SNBR), Gap (GPS), and QuantumScape (QS). The article provides detailed information about the options trades, including the type of trade, sentiment, expiration date, strike price, total trade price, open interest, and volume.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 5:35 pm

Morgan Stanley analyst Jamie Rollo has maintained an Equal-Weight rating on Royal Caribbean Gr (NYSE:RCL) but lowered the price target from $100 to $95.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 3:25 pm

The S&P 500 and Nasdaq futures are wavering as the market turns its focus to the JOLTS data. Analysts from LPL Financial suggest that expecting a strong Q4 this year could be tricky due to factors such as a potential government shutdown, high interest rates, and a strong dollar. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ ETF (QQQ) saw slight increases in premarket trading. Stocks in focus include ALX Oncology Holdings (ALXO), Nvidia Corp (NVDA), McCormick & Company (MKC), and Cal-Maine Foods (CALM).

Portfolio Pulse from Shanthi Rexaline

October 03, 2023 | 10:54 am

Shares of Royal Caribbean Cruises Ltd (NYSE:RCL) are trading lower by 2.4% in response to Carnival Corp's Q3 financial results and guidance. As a direct competitor, negative results from Carnival can lead to concerns about similar challenges for Royal Caribbean, potentially decreasing demand for its shares and reducing bookings and revenue.

Portfolio Pulse from Henry Khederian

September 29, 2023 | 5:49 pm

Cruise stocks are trading lower in sympathy with Carnival after it reported Q3 results. This includes Norwegian Cruise Line Holdings (NCLH) and Royal Caribbean Cruises (RCL).

Portfolio Pulse from Bill Haddad

September 29, 2023 | 5:45 pm

Shares of Norwegian Cruise Line Holdings Ltd (NCLH) and Royal Caribbean Cruises Ltd (RCL) are trading lower due to concerns about future rate hikes following the FOMC statement and lower-than-expected initial jobless claims data. The cruise industry relies heavily on borrowing for operations and fleet expansion, and potential interest rate hikes could increase borrowing costs and reduce profitability. Additionally, higher interest rates could lead to higher consumer debt payments, reducing discretionary spending on non-essential items like cruises.

Portfolio Pulse from Henry Khederian

September 22, 2023 | 4:49 pm

Royal Caribbean Gr (NYSE:RCL) has outperformed the market over the past 15 years, producing an average annual return of 10.13%. If an investor had bought $1000 of RCL stock 15 years ago, it would be worth $4,113.30 today. The company currently has a market capitalization of $24.66 billion.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 8:30 pm

In the last quarter, Royal Caribbean Gr (NYSE:RCL) has received mostly bullish and somewhat bullish ratings from analysts. The average 12-month price target for the company has increased by 20.81% from the previous average, now standing at $122.62.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 9:00 pm

Cruise line operators have been under pressure due to rising operating expenses from soaring oil prices. However, Truist Securities analyst Patrick Scholes predicts a strong outlook for the industry in 2024 and 2025. Scholes upgraded the rating for Royal Caribbean Cruises Ltd (RCL) from Hold to Buy and raised the price target from $115 to $137. He also upgraded Carnival Corp (CCL) from Sell to Hold and lifted the price target from $16 to $17.

Portfolio Pulse from Priya Nigam

September 19, 2023 | 3:53 pm

Royal Caribbean's stock is trading higher following an upgrade from Hold to Buy by Truist.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 1:53 pm

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