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 Group (NYSE:RCL) reported Q2 2024 adjusted EPS of $3.21, beating the $2.75 estimate. Sales were $4.110 billion, surpassing the $4.041 billion estimate and marking a 16.66% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 10:30 am

JP Morgan analyst Matthew Boss maintains an Overweight rating on Royal Caribbean Group (NYSE:RCL) and raises the price target from $175 to $210.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:46 pm

Bank of America analysts are optimistic about the cruise line industry, raising price targets for Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH) due to strong fundamentals and insulation from airline industry challenges. Carnival Corp. (CCL) also reported solid results recently.

Portfolio Pulse from Piero Cingari

July 23, 2024 | 9:15 pm

B of A Securities analyst Andrew Didora maintains a Neutral rating on Royal Caribbean Group (NYSE:RCL) but raises the price target from $145 to $172.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 4:02 pm

Stifel analyst Steven Wieczynski maintains a Buy rating on Royal Caribbean Group (NYSE:RCL) and raises the price target from $180 to $200.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 1:30 pm

Goldman Sachs analyst Lizzie Dove maintains a Buy rating on Royal Caribbean Group (NYSE:RCL) and raises the price target from $170 to $195.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 4:08 pm

Jim Cramer provided insights on various stocks during CNBC's 'Mad Money Lightning Round.' He recommended holding Match Group due to activist investor involvement, expressed preference for Palo Alto Networks over Fortinet, and highlighted Linde as a better-run company compared to Air Products. Cramer also commented on Sarepta Therapeutics, BJ's Wholesale, Toast, Teva Pharmaceutical, and Viking Therapeutics.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 12:55 pm

Transport Secretary Pete Buttigieg expressed concern over the impact of Hurricane Beryl on transportation, particularly flights, amid a potentially active hurricane season. The hurricane is causing significant destruction in the Caribbean, affecting travel and leading to declines in shares of major cruise lines like Carnival Corporation, Royal Caribbean Cruises, and Norwegian Cruise Line Holdings.

Portfolio Pulse from Benzinga Neuro

July 02, 2024 | 1:14 am

Cruise stocks fell due to Hurricane Beryl, the Supreme Court ruled on Trump presidential immunity, and Chinese EV companies reported their deliveries.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 8:04 pm

Shares of major cruise line stocks, including Carnival Corporation (NYSE:CCL), Royal Caribbean Cruises Ltd. (NYSE:RCL), and Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH), are trading lower as Category 4 Hurricane Beryl impacts the Caribbean. The hurricane's potential to disrupt cruise routes and cause cancellations is causing investor concern.

Portfolio Pulse from Erica Kollmann

July 01, 2024 | 6:11 pm

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