Royal Caribbean Group [RCL] Stock trading around $92.41 per share: What’s Next?

Royal Caribbean Group [NYSE: RCL] stock went on an upward path that rose over 1.90% on Monday, amounting to a one-week price increase of more than 11.39%. The company report on September 22, 2021 that Royal Caribbean Group Releases 2020 “Seastainability” Report.

Royal Caribbean Group (NYSE: RCL) published its 13th annual sustainability report, providing a comprehensive update on the company’s sustainability efforts. In particular, the 2020 report documents that the company has met or exceeded nearly all of its 2020 sustainability targets.

“We believe that what gets measured gets better. Sustainability is a core area for our business, and this report reflects our successes and challenges over the past year,” said Richard Fain, Chairman and CEO, Royal Caribbean Group. “While I’m proud of the progress we have achieved, the importance of this area has grown exponentially. Consistent with our mantra of continuous improvement, we have significantly expanded our aspirations in this critical area and are setting even more aggressive goals for the coming years.”.

Over the last 12 months, RCL stock rose by 43.07%. The one-year Royal Caribbean Group stock forecast points to a potential downside of -0.95. The average equity rating for RCL stock is currently 2.40, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $22.88 billion, with 254.58 million shares outstanding and 218.82 million shares in the current float. Compared to the average trading volume of 4.35M shares, RCL stock reached a trading volume of 6256506 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $91.54 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 2.40. 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 3.15, with the Price to Sales ratio for RCL stock in the period of the last 12 months amounting to 244.97. The Price to Book ratio for the last quarter was 2.98, with the Price to Cash per share for the same quarter was set at 17.17.

RCL Stock Performance Analysis:

Royal Caribbean Group [RCL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.39. With this latest performance, RCL shares gained by 14.34% in over the last four-week period, additionally plugging by 11.51% over the last 6 months – not to mention a rise of 43.07% 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 71.42, with the RSI for the last a single of trading hit 79.33, and the three-weeks RSI is set at 65.67 for Royal Caribbean Group [RCL]. The present Moving Average for the last 50 days of trading for this stock 80.51, while it was recorded at 87.90 for the last single week of trading, and 81.67 for the last 200 days.

Insight into Royal Caribbean Group 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 1.00 and a Current Ratio set at 1.10.

Royal Caribbean Group [RCL] Insider Position Details

There are presently around $16,566 million, or 71.30% of RCL stock, in the hands of institutional investors. The top three institutional holders of RCL stocks are: VANGUARD GROUP INC with ownership of 22,728,598, which is approximately 0.464% of the company’s market cap and around 0.50% of the total institutional ownership; CAPITAL RESEARCH GLOBAL INVESTORS, holding 22,573,482 shares of the stock with an approximate value of $2.09 billion in RCL stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.93 billion in RCL stock with ownership of nearly 41.852% of the company’s market capitalization.

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Positions in Royal Caribbean Group stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 338 institutional holders increased their position in Royal Caribbean Group [NYSE:RCL] by around 22,976,136 shares. Additionally, 276 investors decreased positions by around 12,828,560 shares, while 134 investors held positions by with 143,460,348 shares. The mentioned changes placed institutional holdings at 179,265,044 shares, according to the latest SEC report filing. RCL stock had 83 new institutional investments in for a total of 2,334,414 shares, while 87 institutional investors sold positions of 3,009,737 shares during the same period.

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