Royal Caribbean Group (NYSE: RCL): Stock That Needs Special Handling

Currently, there are 256.42M common shares owned by the public and among those 235.59M shares have been available to trade.

Insiders at the company have transacted a total of 30 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 6 of these insider trades were purchases, accounting for 28,713 shares. Insider sales of the common stock occurred on 24 occasions, with total insider shares sold totaling 1,057,140 shares.

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However, the script later moved the day high at 126.47, up 0.74%. The company’s stock has a 5-day price change of 1.93% and 17.33% over the past three months. RCL shares are trading -4.04% year to date (YTD), with the 12-month market performance up to 73.79% higher. It has a 12-month low price of $59.37 and touched a high of $133.77 over the same period. RCL has an average intraday trading volume of 2.77 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.70%, 1.21%, and 20.24% respectively.

Institutional ownership of Royal Caribbean Group (NYSE: RCL) shares accounts for 80.51% of the company’s 256.42M shares outstanding.

It has a market capitalization of $31.89B and a beta (3y monthly) value of 2.52. The stock’s trailing 12-month PE ratio is 20.17, while the earnings-per-share (ttm) stands at $6.16. The company has a PEG of 0.76 and a Quick Ratio of 0.16 with the debt-to-equity ratio at 4.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.59% over the week and 3.05% over the month.

Analysts forecast that Royal Caribbean Group (RCL) will achieve an EPS of $1.25 for the current quarter, $2.37 for the next quarter and $11.62 for 2025. The lowest estimate earnings-per-share for the quarter is $1 while analysts give the company a high EPS estimate of $1.48. Comparatively, EPS for the current quarter was -$0.23 a year ago. Earnings per share for the fiscal year are expected to increase by 46.39%, and 16.62% over the next financial year. EPS should grow at an annualized rate of 26.70% over the next five years, compared to -6.87% over the past 5-year period.

Looking at the support for the RCL, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on November 21, 2023, with the firm’s price target at $127. HSBC Securities coverage for the Royal Caribbean Group (RCL) stock in a research note released on October 23, 2023 offered a Buy rating with a price target of $115. Truist was of a view on September 19, 2023 that the stock is Buy, while Argus gave the stock Buy rating on May 16, 2023, issuing a price target of $88. JP Morgan on their part issued Overweight rating on April 28, 2023.

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