Royal Caribbean Group [NYSE: RCL] closed the trading session at $88.52 on 06/16/21. The day’s price range saw the stock hit a low of $86.95, while the highest price level was $89.05. The company report on June 16, 2021 that An Icon Is Born As Royal Caribbean Starts Construction On Revolutionary Ship.
Revealed as Icon of the Seas, the Cruise Line’s First LNG-powered Ship will Make Waves in fall 2023.
An iconic day for the cruise industry’s next iconic ship took place on Monday, June 14 when Royal Caribbean International marked the start of construction on its first Icon Class ship. To celebrate the milestone, the world’s largest cruise line held a steel-cutting ceremony at Finnish shipyard Meyer Turku, where the revolutionary ship’s name was revealed as Icon of the Seas.
The stocks have a year to date performance of 18.52 percent and weekly performance of -4.60 percent. The stock has been moved at 19.52 percent over the last six months. The stock has performed 4.71 percent around the most recent 30 days and changed -3.20 percent over the most recent 3-months.
If compared to the average trading volume of 3.80M shares, RCL reached to a volume of 3217999 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Royal Caribbean Group [RCL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RCL shares is $93.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RCL stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Royal Caribbean Group shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 16, 2021. The new note on the price target was released on March 02, 2021, representing the official price target for Royal Caribbean Group stock. Previously, the target price had yet another raise to $55, while Berenberg analysts kept a Sell rating on RCL stock.
The Average True Range (ATR) for Royal Caribbean Group is set at 2.97, with the Price to Sales ratio for RCL stock in the period of the last 12 months amounting to 103.94. The Price to Book ratio for the last quarter was 2.34, with the Price to Cash per share for the same quarter was set at 19.88.
RCL stock trade performance evaluation
Royal Caribbean Group [RCL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.60. With this latest performance, RCL shares gained by 4.71% in over the last four-week period, additionally plugging by 19.52% over the last 6 months – not to mention a rise of 41.63% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RCL stock in for the last two-week period is set at 47.89, with the RSI for the last a single of trading hit 43.46, and the three-weeks RSI is set at 49.90 for Royal Caribbean Group [RCL]. The present Moving Average for the last 50 days of trading for this stock 87.30, while it was recorded at 88.82 for the last single week of trading, and 77.03 for the last 200 days.
Royal Caribbean Group [RCL]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Royal Caribbean Group [RCL] shares currently have an operating margin of -132.80 and a Gross Margin at -80.83. Royal Caribbean Group’s Net Margin is presently recorded at -262.47.
Return on Total Capital for RCL is now -11.02, given the latest momentum, and Return on Invested Capital for the company is -23.93. Return on Equity for this stock declined to -55.41, with Return on Assets sitting at -18.47. When it comes to the capital structure of this company, Royal Caribbean Group [RCL] has a Total Debt to Total Equity ratio set at 228.24. Additionally, RCL Total Debt to Total Capital is recorded at 69.53, with Total Debt to Total Assets ending up at 61.59. Long-Term Debt to Equity for the company is recorded at 211.42, with the Long-Term Debt to Total Capital now at 64.41.
Reflecting on the efficiency of the workforce at the company, Royal Caribbean Group [RCL] managed to generate an average of -$68,205 per employee. Receivables Turnover for the company is 7.49 with a Total Asset Turnover recorded at a value of 0.07.Royal Caribbean Group’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.
Earnings per share (EPS) analysis for Royal Caribbean Group [RCL] stock
With the latest financial reports released by the company, Royal Caribbean Group posted -6.13/share EPS, while the average EPS was predicted by analysts to be reported at -4.82/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -27.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RCL.
Royal Caribbean Group [RCL]: Insider Ownership positions
There are presently around $15,046 million, or 67.90% of RCL stock, in the hands of institutional investors. The top three institutional holders of RCL stocks are: VANGUARD GROUP INC with ownership of 22,623,560, which is approximately 15.612% of the company’s market cap and around 7.60% of the total institutional ownership; CAPITAL RESEARCH GLOBAL INVESTORS, holding 22,080,147 shares of the stock with an approximate value of $1.95 billion in RCL stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.31 billion in RCL stock with ownership of nearly 18.56% of the company’s market capitalization.
Positions in Royal Caribbean Group stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 394 institutional holders increased their position in Royal Caribbean Group [NYSE:RCL] by around 31,718,824 shares. Additionally, 249 investors decreased positions by around 12,972,889 shares, while 114 investors held positions by with 125,281,785 shares. The mentioned changes placed institutional holdings at 169,973,498 shares, according to the latest SEC report filing. RCL stock had 128 new institutional investments in for a total of 5,598,139 shares, while 85 institutional investors sold positions of 2,237,184 shares during the same period.