Royal Caribbean Group (RCL) concluded trading on Wednesday at a closing price of $132.11, with 3.6 million shares of worth about $474.95 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.44% during that period and on March 13, 2024 the price saw a gain of about 1.83%. Currently the company’s common shares owned by public are about 256.42M shares, out of which, 235.62M shares are available for trading.
However, the stock later moved at a day high price of 133.09, or with a gain of 1.83%. Stock saw a price change of 4.02% in past 5 days and over the past one month there was a price change of 12.90%. Year-to-date (YTD), RCL shares are showing a performance of 2.02% which increased to 105.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $59.37 but also hit the highest price of $133.77 during that period. The average intraday trading volume for Royal Caribbean Group shares is 2.69 million. The stock is currently trading 8.20% above its 20-day simple moving average (SMA20), while that difference is up 7.57% for SMA50 and it goes to 25.50% higher than SMA200.
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Royal Caribbean Group (NYSE: RCL) currently have 256.42M outstanding shares and institutions hold larger chunk of about 82.18% of that.
The stock has a current market capitalization of $33.91B and its 3Y-monthly beta is at 2.52. PE ratio of stock for trailing 12 months is 21.45, while it has posted earnings per share of $6.16 in the same period. Its PEG reads 0.78 and has Quick Ratio of 0.16 while making debt-to-equity ratio of 4.68. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RCL, volatility over the week remained 2.55% while standing at 2.44% over the month.
Analysts are in expectations that Royal Caribbean Group (RCL) stock would likely to be making an EPS of $1.29 in the current quarter, while forecast for next quarter EPS is $2.35 and it is $11.65 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.13 which is $1.48 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.23 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 46.79% while it is estimated to increase by 16.52% in next year. EPS is likely to grow at an annualized rate of 27.50% for next 5-years, compared to annual growth of -6.87% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on March 13, 2024 offering a Buy rating for the stock and assigned a target price of $162 to it. Coverage by Citigroup stated Royal Caribbean Group (RCL) stock as a Buy in their note to investors on November 21, 2023, suggesting a price target of $127 for the stock. On October 23, 2023, HSBC Securities Initiated their recommendations, while on September 19, 2023, Truist Upgrade their ratings for the stock with a price target of $137. Stock get a Buy rating from Argus on May 16, 2023.
