Where can I buy shares of RCL?
Shares of RCL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
Why is Royal Caribbean Cruises stock dropping?
Why is Royal Caribbean Cruises stock dropping? Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
What causes a stock price to drop?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock. Is Royal Caribbean Cruises worth watching?
Who buys IrCl stock?
RCL stock was acquired by a variety of institutional investors in the last quarter, including Parallax Volatility Advisers L. P., Absolute Investment Advisers LLC, Capital International Investors, Bank of America Corp DE, Jones Road Capital Management L. P., CTC Capital Management LLC, Atalanta Sosnoff Capital LLC, and Millennium Management LLC.
Why are cruise line stocks down?
Cruise stocks were tumbling to their lowest point since 2020 on Thursday as fears intensified over rising inflation and a potential recession. Carnival CCL +9.71% (ticker: CCL ) was down 9.5% to $8.91, and was on track for its lowest close since April 2020.
Is RCL a buy or sell?
The consensus among 8 Wall Street analysts covering (NYSE: RCL) stock is to Buy RCL stock.
Should I hold RCL stock?
The consensus among Wall Street research analysts is that investors should "hold" Royal Caribbean Cruises stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RCL, but not buy additional shares or sell existing shares.
Will Royal Caribbean bounce back?
Shares of Royal Caribbean have underperformed the broader market over the past year. The stock briefly outperformed from late May 2021 to mid-June 2021, but has mostly underperformed ever since. Royal Caribbean's shares have provided a total return of -11.7%, below the S&P 500's total return of -0.9% as of May 3, 2022.
Are cruise line stocks a good buy?
According to the WTTC report, cruise companies can expect to surpass not only early-2020 revenues, but the revenues from its best year ever -- 2019 -- as soon as next year. By 2026, cruise stocks could be putting up numbers that "beat" their 2019 performance "by 12 to 28%," reports CruiseHive.com.
What is target price for Royal Caribbean?
Stock Price Target RCLHigh$136.00Median$76.00Low$57.00Average$82.18Current Price$56.33
Will Royal Caribbean stock go up?
We rate RCL as a buy with a year ahead price target of $90 representing a 15.5x multiple on the current consensus 2023 EPS of $5.94.
How much debt does Royal Caribbean have?
about $20 billionTo survive the pandemic, Royal Caribbean more doubled its long-term debt load to about $20 billion.
What's the highest Royal Caribbean stock has been?
The all-time high Royal Caribbean Cruises stock closing price was 135.05 on January 17, 2020.
Is Royal Caribbean Cancelled for 2022?
While Royal Caribbean has been able to get most of its cruise ships back into service, it has had to cancel a few sailings due to Covid-19.
How is Royal Caribbean doing financially?
In February 2020 (the last quarter before Covid-19), Royal Caribbean Group reported 2019 was another year of very strong performance that generated over $2 billion in adjusted net income. In 2019, Royal Caribbean Group generated $3.09 billion in onboard revenues, which was up from $2.7 billion for the year in 2018.
Will cruise line stocks ever recover?
Carnival expects to turn profitable over the second half of 2022 and we already saw some signs of this as the company said that it posted positive operating cash flows during November 2021. Carnival's stock is also trading at about 50% below pre-Covid levels seen in February 2020.
What is Royal Caribbean Cruises stock symbol?
Royal Caribbean Cruises is a American stock, trading under the symbol RCL-N on the New York Stock Exchange (undefined). It is usually referred to a...
Is Royal Caribbean Cruises a buy or a sell?
In the last year, 1 stock analyst published opinions about RCL-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock....
Is Royal Caribbean Cruises a good investment or a top pick?
Royal Caribbean Cruises was recommended as a Top Pick by null on null. Read the latest stock experts ratings for Royal Caribbean Cruises.
Why is Royal Caribbean Cruises stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should b...
Is Royal Caribbean Cruises worth watching?
1 stock analyst on Stockchase covered Royal Caribbean Cruises In the last year. It is a trending stock that is worth watching.
What is Royal Caribbean Cruises stock price?
On 2022-06-03, Royal Caribbean Cruises (RCL-N) stock closed at a price of $56.32.
Should I buy or sell Royal Caribbean Cruises stock right now?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Caribbean Cruises in the last year. There are currently 1 sell rati...
What is Royal Caribbean Cruises' stock price forecast for 2022?
11 brokerages have issued twelve-month price targets for Royal Caribbean Cruises' shares. Their forecasts range from $54.00 to $123.00. On average,...
How has Royal Caribbean Cruises' stock price performed in 2022?
Royal Caribbean Cruises' stock was trading at $76.90 at the beginning of the year. Since then, RCL shares have decreased by 40.5% and is now tradin...
When is Royal Caribbean Cruises' next earnings date?
Royal Caribbean Cruises is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022. View our earnings forecast...
How were Royal Caribbean Cruises' earnings last quarter?
Royal Caribbean Cruises Ltd. (NYSE:RCL) issued its quarterly earnings results on Thursday, May, 5th. The company reported ($4.57) earnings per shar...
Who are Royal Caribbean Cruises' key executives?
Royal Caribbean Cruises' management team includes the following people: Mr. Jason T. Liberty , Pres, CEO & Director (Age 46, Pay $2.45M) ( Linke...
What is Richard D. Fain's approval rating as Royal Caribbean Cruises' CEO?
545 employees have rated Royal Caribbean Cruises CEO Richard D. Fain on Glassdoor.com . Richard D. Fain has an approval rating of 95% among Royal...
Who are some of Royal Caribbean Cruises' key competitors?
Some companies that are related to Royal Caribbean Cruises include Airbnb (ABNB) , Marriott International (MAR) , Carnival Co. & (CCL) , Hyatt...
What other stocks do shareholders of Royal Caribbean Cruises own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Royal Caribbean Cruises investors own include Carnival Co....
How has Royal Caribbean Group's stock been impacted by COVID-19?
Royal Caribbean Group's stock was trading at $44.37 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, RCL shares have increased by 80.4% and is now trading at $80.05. View which stocks have been most impacted by COVID-19.
What other stocks do shareholders of Royal Caribbean Group own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Royal Caribbean Group investors own include Carnival Co. & (CCL), (NCLH), Walt Disney (DIS), NVIDIA (NVDA), Delta Air Lines (DAL), Tesla (TSLA), Alibaba Group (BABA), Boeing (BA), American Airlines Group (AAL) and Netflix (NFLX).
Which institutional investors are selling Royal Caribbean Group stock?
RCL stock was sold by a variety of institutional investors in the last quarter, including Barclays PLC, Citigroup Inc., Susquehanna International Group LLP, Nuveen Asset Management LLC, Lombard Odier Asset Management USA Corp, Clough Capital Partners L P, JPMorgan Chase & Co., and Scopus Asset Management L.P..
Which institutional investors are buying Royal Caribbean Group stock?
RCL stock was bought by a variety of institutional investors in the last quarter, including Parallax Volatility Advisers L.P., Absolute Investment Advisers LLC, Capital International Investors, Bank of America Corp DE, Jones Road Capital Management L.P., CTC Capital Management LLC, Atalanta Sosnoff Capital LLC, and Millennium Management LLC. View insider buying and selling activity for Royal Caribbean Group or or view top insider-buying stocks..
How do I buy shares of Royal Caribbean Group?
Shares of RCL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
What is Royal Caribbean Group's stock price today?
One share of RCL stock can currently be purchased for approximately $80.05.
How much money does Royal Caribbean Group make?
Royal Caribbean Group has a market capitalization of $20.40 billion and generates $2.21 billion in revenue each year. The company earns $-5.80 billion in net income (profit) each year or ($21.63) on an earnings per share basis.
How much did RCL recover from the 2008 crisis?
However, RCL recovered strongly post the 2008 crisis to about $26 by the end of 2009 rising by 320% between March 2009 and January 2010. In comparison, the S&P bounced back by about 48% over the same period.
How much did RCL stock drop in 2009?
RCL stock declined from levels of around $40 in October 2007 (the pre-crisis peak) to roughly $6 in March 2009 (as the markets bottomed out), implying that the stock lost as much as 85% of its value from its approximate pre-crisis peak.
How much cash does Royal Caribbean lose in 2021?
Separately, Royal Caribbean also published its Q1 2021 results last week, reporting a quarterly loss of about $1.1 billion, on revenue of just $42 million as its fleet largely remained idle through the quarter. Monthly cash burn stood at approximately $300 million, an increase from the $270 million levels seen over Q4.
How much debt does Royal Caribbean have?
Royal Caribbean’s total debt has increased from $8.1 billion in 2016 to almost $19 billion at the end of Q2 2020, while its total cash increased from about $130 million to $4.2 billion over the same period, as the company raised funding to tide over the crisis.
Where is Quantum of the Seas docked?
The Quantum of the Seas cruise ship, operated by Royal Caribbean Cruises Ltd., docked at the Marina ...
The cruise operator's loss was bigger than expected -- but so is its cash hoard
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
After falling nearly 6% earlier today, shares of cruise line operator Royal Caribbean Cruises ( NYSE:RCL) are down 4.5% in early afternoon trading. The reason: Its earnings.
So what
Revenue for the quarter was actually slightly ahead of expectations at $2.03 billion, but investors are giving Royal Caribbean no credit for that today. And honestly, why would they?
Now what
So what does the future hold in store for Royal Caribbean? On one hand, the company says "booking volumes for the remainder of 2020 are meaningfully lower than the same time last year," that "prices ... are down low-single digits," and "approximately 45% of the guests booked on canceled sailings have requested cash refunds."
Royal Caribbean Long-Term Chart (2000 – 2020)
The stock entered a long-term downtrend after topping out at $58.88 in 2000, finally bottoming out at an all-time low near $5.00 following the 2008 economic collapse. It rallied within 10 points of resistance in 2011, ahead of a 2014 breakout and uptrend that posted solid gains into the 2016 high at $103.40.
Royal Caribbean Short-Term Chart (2018 – 2020)
The on-balance volume (OBV) accumulation-distribution indicator reveals healthy bottom fishing after the March low, lifting the indicator to an all-time high.
The Bottom Line
Royal Caribbean Cruises stock is losing ground after the company reported a 93% year-over-year revenue decline, but a breakdown through the mid-$40s isn't likely at this time.