Now Is A Suitable Moment For A Long-Term Purchase Of Royal Caribbean Group (NYSE: RCL)

Currently, there are 256.42M common shares owned by the public and among those 235.75M shares have been available to trade.

However, the script later moved the day high at 129.76, down -2.21%. The company’s stock has a 5-day price change of 0.87% and 6.15% over the past three months. RCL shares are trading 6.15% year to date (YTD), with the 12-month market performance up to 112.38% higher. It has a 12-month low price of $59.37 and touched a high of $141.62 over the same period. RCL has an average intraday trading volume of 2.68 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 4.33%, 9.22%, and 26.84% respectively.

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Institutional ownership of Royal Caribbean Group (NYSE: RCL) shares accounts for 80.53% of the company’s 256.42M shares outstanding.

It has a market capitalization of $35.28B and a beta (3y monthly) value of 2.53. The stock’s trailing 12-month PE ratio is 22.31, while the earnings-per-share (ttm) stands at $6.16. The company has a PEG of 0.81 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 2.38% over the week and 2.35% over the month.

Earnings per share for the fiscal year are expected to increase by 47.11%, and 16.51% over the next financial year. EPS should grow at an annualized rate of 27.50% 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. Goldman stated their Buy rating for the stock in a research note on March 13, 2024, with the firm’s price target at $162. Citigroup coverage for the Royal Caribbean Group (RCL) stock in a research note released on November 21, 2023 offered a Buy rating with a price target of $127. HSBC Securities was of a view on October 23, 2023 that the stock is Buy, while Truist gave the stock Buy rating on September 19, 2023, issuing a price target of $115- $137. Argus on their part issued Buy rating on May 16, 2023.

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