While Royal Caribbean Group has underperformed by -0.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RCL rose by 132.61%, with highs and lows ranging from $204.37 to $78.35, whereas the simple moving average jumped by 36.99% in the last 200 days.
On October 09, 2024, Citigroup Reiterated Royal Caribbean Group (NYSE: RCL) to Buy. A report published by Mizuho on April 17, 2024, Initiated its previous ‘Buy’ rating for RCL. Goldman also rated RCL shares as ‘Buy’, setting a target price of $162 on the company’s shares in an initiating report dated March 13, 2024. Citigroup Initiated an Buy rating on November 21, 2023, and assigned a price target of $127. HSBC Securities initiated its ‘Buy’ rating for RCL, as published in its report on October 23, 2023. Truist’s report from September 19, 2023 suggests a price prediction of $137 for RCL shares, giving the stock a ‘Buy’ rating. Argus also rated the stock as ‘Buy’.
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Analysis of Royal Caribbean Group (RCL)
The current dividend for RCL investors is set at $0.40 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 16.66%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Royal Caribbean Group’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 53.38% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.17, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and RCL is recording an average volume of 2.26M. On a monthly basis, the volatility of the stock is set at 2.48%, whereas on a weekly basis, it is put at 1.85%, with a gain of 3.94% over the past seven days. Furthermore, long-term investors anticipate a median target price of $190.72, showing decline from the present price of $201.21, which can serve as yet another indication of whether RCL is worth investing in or should be passed over.
How Do You Analyze Royal Caribbean Group Shares?
Royal Caribbean Group (RCL) is based in the USA and is one of the most prominent companies operating in the Travel Services market. When comparing Royal Caribbean Group shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 22.44, there is a growth in quarterly earnings of 78.46%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.93%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 83.30% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RCL shares are owned by institutional investors to the tune of 83.30% at present.
