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

Oil prices plunged over 5% as Israel assured the U.S. it would not target Iranian oil facilities, easing Middle East tensions. This led to a drop in energy stocks and a rally in airlines and cruise lines due to lower fuel costs.

Portfolio Pulse from Piero Cingari

October 15, 2024 | 2:50 pm

The S&P 500 bull market has reached a two-year milestone, driven by a resilient economy and corporate earnings, with significant contributions from technology and AI advancements. Nvidia, Super Micro Computer, and Vistra are among the top performers.

Portfolio Pulse from Piero Cingari

October 14, 2024 | 2:32 pm

Stifel analyst Steven Wieczynski maintains a Buy rating on Royal Caribbean Group (NYSE:RCL) and raises the price target from $200 to $230.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 5:45 pm

Wall Street surged with the S&P 500, Dow Jones, and Nasdaq 100 reaching new highs due to a pullback in oil prices and no escalation in the Middle East. The SPDR S&P 500 ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), and Invesco QQQ Trust (QQQ) saw gains. Cruise lines like Norwegian Cruise Line Holdings (NCLH) and Carnival Corporation (CCL) were top performers, while utilities lagged. The Federal Reserve's rate cut debate added to market dynamics.

Portfolio Pulse from Piero Cingari

October 09, 2024 | 8:36 pm

Citigroup analyst James Hardiman maintains a Buy rating on Royal Caribbean Group (NYSE:RCL) and raises the price target from $204 to $253.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 7:17 pm

Carnival Corporation (NYSE:CCL) shares are trading higher due to Citigroup's upgrade of Norwegian Cruise Line Holdings (NYSE:NCLH) and a positive outlook on Royal Caribbean Cruises (NYSE:RCL). Falling oil prices and Hurricane Milton's impact on cruise itineraries are also influencing the market.

Portfolio Pulse from Erica Kollmann

October 09, 2024 | 4:45 pm

The S&P 500 reached a new all-time high, driven by declining oil prices and anticipation of the Federal Reserve's meeting minutes. Cruise line stocks surged due to lower oil prices, while Alphabet faced potential asset divestiture. Pfizer rose after a significant investment by Starboard Value.

Portfolio Pulse from Piero Cingari

October 09, 2024 | 4:03 pm

Travel and hotel-related stocks are experiencing a decline due to increased geopolitical tensions following Iran's missile attack on Israel, potentially affecting global travel demand.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 5:06 pm

Travel and hotel-related stocks are trading lower due to geopolitical tensions, with reports suggesting Iran may attack Israel, potentially impacting travel demand.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 2:40 pm

Royal Caribbean Cruises (RCL) shares fell by 2.2% due to Carnival Corp's (CCL) weaker-than-expected fourth-quarter guidance, despite Carnival's strong Q3 results. This has raised concerns about the cruise industry's profitability amid rising costs and economic uncertainty.

Portfolio Pulse from Henry Khederian

September 30, 2024 | 7:21 pm

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