As of May 26, 2023, Tigress Financial analyst Ivan Feinseth has reiterated his Buy rating for Royal Caribbean Gr (NYSE:RCL) and has raised the price target from $80 to $102. Despite the pandemic’s impact on the business, Royal Caribbean has a strong history of profitability, which it is expected to return to in the near future. However, the pandemic has caused significant damage to the company’s balance sheet, and deleveraging will be necessary. This means that distributions may not be a reality in the medium-term.
Currently, Royal Caribbean’s valuation appears to have factored in a full recovery, leaving little room for investors to speculate. The average price target for RCL in the last three months, based on analyst estimates, is $90.15, with a high estimate of $104 and a low estimate of $70.
In 2019, Royal Caribbean Cruises Ltd reported record bookings for cruises and higher demand. However, as of this past week, Royal Caribbean Cruises (NYSE:RCL) investor five-year losses have grown to 40%, with the stock shedding US$597m.
Royal Caribbean Group (RCL) Stock Analysis: Impressive Earnings Growth and Positive Outlook for Investors
On May 26, 2023, Royal Caribbean Group (RCL) stock opened at $78.49 and fluctuated within a range of $78.07 to $79.16. The trading volume for the day was 690,365, significantly lower than the three-month average volume of 3,625,210. RCL’s market capitalization is $20.4 billion, and the company has shown impressive earnings growth over the past year. The projected earnings growth rate for the next five years is 58.67%, which is a positive sign for investors. RCL’s price-to-sales ratio is 1.43, and its price-to-book ratio is 7.08, indicating that the stock may be undervalued. In comparison to its competitors, RCL’s stock performance on May 26, 2023, was mixed. RCL’s next reporting date is scheduled for August 3, 2023. The EPS forecast for this quarter is $1.47, and the company’s annual revenue for last year was $8.8 billion. RCL operates in the hotels/resorts/cruise lines industry and is headquartered in Miami, Florida.
Royal Caribbean Cruises Ltd (RCL) Sees Stock Performance Increase on Positive Analyst Outlook
On May 26, 2023, Royal Caribbean Cruises Ltd (RCL) experienced a slight increase in stock performance, closing at $79.05, up 0.51% from the previous day’s close. This increase may be attributed to the positive outlook from analysts, who have a median target price of $86.50 for the next 12 months.
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