Market Analysts see Royal Caribbean Cruises Ltd. [RCL] gaining to $93. Time to buy?


Royal Caribbean Cruises Ltd. [NYSE: RCL] slipped around -0.98 points on Wednesday, while shares priced at $59.94 at the close of the session, down -1.61%. The company report on May 10, 2022 that GOLD MEDALIST AND WORLD CHAMPION SIMONE BILES NAMED GODMOTHER OF CELEBRITY BEYOND.

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Trailblazing Gymnast Will Officially Name Celebrity Cruises’ Groundbreaking Ship this November.

Celebrity Cruises announced today that Simone Biles, 19-time World Champion and seven-time Olympic Medalist, will add another very special title to her decorated career – godmother for Celebrity BeyondSM, the industry’s most highly anticipated ship of the year that recently debuted in Europe.

Royal Caribbean Cruises Ltd. stock is now -22.05% down from its year-to-date (YTD) trading value. RCL Stock saw the intraday high of $64.54 and lowest of $59.82 per share. The company’s 52-week high price is 98.27, which means current price is +0.20% above from all time high which was touched on 02/10/22.

Compared to the average trading volume of 3.66M shares, RCL reached a trading volume of 4194850 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Royal Caribbean Cruises Ltd. [RCL]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RCL shares is $88.92 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 2.50. 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.

Wells Fargo have made an estimate for Royal Caribbean Cruises Ltd. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on March 30, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price to Buy. The new note on the price target was released on February 10, 2022, representing the official price target for Royal Caribbean Cruises Ltd. stock. Previously, the target price had yet another raise to $80, while Berenberg analysts kept a Hold rating on RCL stock.

The Average True Range (ATR) for Royal Caribbean Cruises Ltd. is set at 3.98, with the Price to Sales ratio for RCL stock in the period of the last 12 months amounting to 10.51. The Price to Book ratio for the last quarter was 3.83, with the Price to Cash per share for the same quarter was set at 7.33.

How has RCL stock performed recently?

Royal Caribbean Cruises Ltd. [RCL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -22.97. With this latest performance, RCL shares dropped by -23.89% in over the last four-week period, additionally sinking by -34.38% over the last 6 months – not to mention a drop of -23.20% 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 21.20, with the RSI for the last a single of trading hit 13.20, and the three-weeks RSI is set at 27.92 for Royal Caribbean Cruises Ltd. [RCL]. The present Moving Average for the last 50 days of trading for this stock 76.11, while it was recorded at 65.14 for the last single week of trading, and 80.11 for the last 200 days.

Royal Caribbean Cruises Ltd. [RCL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Royal Caribbean Cruises Ltd. [RCL] shares currently have an operating margin of -248.82 and a Gross Margin at -159.51. Royal Caribbean Cruises Ltd.’s Net Margin is presently recorded at -343.34.

Return on Equity for this stock declined to -75.98, with Return on Assets sitting at -16.26.

Royal Caribbean Cruises Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.

Insider trade positions for Royal Caribbean Cruises Ltd. [RCL]

There are presently around $11,528 million, or 75.70% of RCL stock, in the hands of institutional investors. The top three institutional holders of RCL stocks are: CAPITAL INTERNATIONAL INVESTORS with ownership of 27,362,504, which is approximately 2.76% of the company’s market cap and around 0.50% of the total institutional ownership; CAPITAL RESEARCH GLOBAL INVESTORS, holding 23,740,080 shares of the stock with an approximate value of $1.45 billion in RCL stocks shares; and VANGUARD GROUP INC, currently with $1.4 billion in RCL stock with ownership of nearly 0.201% of the company’s market capitalization.

Positions in Royal Caribbean Cruises Ltd. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 329 institutional holders increased their position in Royal Caribbean Cruises Ltd. [NYSE:RCL] by around 12,595,548 shares. Additionally, 262 investors decreased positions by around 10,616,670 shares, while 137 investors held positions by with 166,025,951 shares. The mentioned changes placed institutional holdings at 189,238,169 shares, according to the latest SEC report filing. RCL stock had 105 new institutional investments in for a total of 3,131,746 shares, while 62 institutional investors sold positions of 1,320,952 shares during the same period.