Royal Caribbean (NYSE: RCL) stock has jumped by almost 25% over the last two months, as investors saw news surrounding the strong efficacy of Covid-19 vaccines and the commencement of dosing in the U.S. as a sign of the beginning of the end of the Covid-19 pandemic.
Full Answer
Is Royal Caribbean Cruises Ltd’s stock headed to $80?
Berenberg analyst Stuart Gordon upgraded Royal Caribbean Cruises Ltd (NYSE: RCL) to Hold from Sell with an unchanged price target of $80. After a horrendous year in 2020, cruise stock investors haven’t gotten the rebound they were hoping for in 2021.
What happened to the cruise stocks?
All major cruise stocks began this week in the red and have only kept falling. Norwegian Cruise Line Holdings (NYSE: NCLH) is down almost 5% for the day. Royal Caribbean Cruises (NYSE: RCL) has seen shares fall by almost 9%. As of this writing, Carnival’s ( NYSE: CCL) declines have pushed past 9%.
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.
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Is RCL stock a good buy?
Out of 8 analysts, 3 (37.5%) are recommending RCL as a Strong Buy, 0 (0%) are recommending RCL as a Buy, 4 (50%) are recommending RCL as a Hold, 0 (0%) are recommending RCL as a Sell, and 1 (12.5%) are recommending RCL as a Strong Sell. What is RCL's earnings growth forecast for 2022-2024?
Will RCL go up?
The 12 analysts offering 12-month price forecasts for Royal Caribbean Cruises Ltd have a median target of 72.50, with a high estimate of 136.00 and a low estimate of 50.00. The median estimate represents a +93.90% increase from the last price of 37.39.
Is RCL stock overvalued?
Valuation metrics show that Royal Caribbean Cruises Ltd. may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of RCL, demonstrate its potential to underperform the market.
Is Royal Caribbean financially stable?
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.
Is Royal Caribbean a Buy Sell or Hold?
Royal Caribbean Cruises has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 5 buy ratings, 3 hold ratings, and 1 sell rating.
What is target price for Royal Caribbean?
Stock Price Target RCLHigh$136.00Median$76.00Low$57.00Average$82.18Current Price$56.33
Are cruise ships making money?
The average profit margin for cruise ship operators ranges from 4-14%, depending on the company and the year. The cruise line association reported that the industry generated $46 billion in total economic impact in the United States in 2014 and supported 373,738 U.S. jobs.
What is new with Royal Caribbean?
Wonder of the Seas is the newest cruise ship in Royal Caribbean's fleet, offering the latest and greatest of the cruise line's features and amenities. Her maiden voyage was on March 4, 2022. She will spend the summer 2022 cruise season in Europe prior to being homeported in Port Canaveral, Florida.
Will CCL stock go up?
As a result, expect to see CCL stock rise at least 50% over the next year. This will happen as the market acclimates to the growing popularity of cruising and the possibility of profits.
Which cruise line is in financial trouble?
Crystal CruisesCrystal Cruises is suspending operations for at least three months in the wake of a financial crisis at its parent company, Genting Hong Kong.
Why did RCL stop paying dividends?
The company's ability to pay out any meaningful dividends has been permanently impaired by the levels of debt and equity financing it has gone through during the pandemic.
Are cruise lines still losing money?
Both companies have lost (and continue to lose) billions because of the pandemic, but the two leading U.S. cruise brands understand that surviving, and eventually thriving, requires continued investment. The U.S. cruise industry fully shut down from March 2020 through July 2021.
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....
Is Royal Caribbean Cruises stock a Buy, Sell or Hold?
Royal Caribbean Cruises stock has received a consensus rating of buy. The average rating score is and is based on 11 buy ratings, 7 hold ratings, a...
What was the 52-week low for Royal Caribbean Cruises stock?
The low in the last 52 weeks of Royal Caribbean Cruises stock was 45.62. According to the current price, Royal Caribbean Cruises is 100.28% away fr...
What was the 52-week high for Royal Caribbean Cruises stock?
The high in the last 52 weeks of Royal Caribbean Cruises stock was 98.21. According to the current price, Royal Caribbean Cruises is 46.58% away fr...
What are analysts forecasts for Royal Caribbean Cruises stock?
The 25 analysts offering price forecasts for Royal Caribbean Cruises have a median target of 80.52, with a high estimate of 125.00 and a low estima...
How much is Royal Caribbean stock worth in 2021?
The Royal Caribbean Cruises Ltd stock price gained 2.59% on the last trading day (Friday, 25th Jun 2021), rising from $86.97 to $89.22. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 3.63% from a day low at $86.74 to a day high of $89.89. The price has been going up and down for this period, and there has been a -0.97% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $475.40 million.
What happens when you break up the long term average?
A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Is Royal Caribbean stock a buy or sell signal?
Some negative signals were issued as well, and these may have some influence on the near short-term development. The Royal Caribbean Cruises Ltd stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal.
Carnival Follows Royal Caribbean in Making a Huge Change
Both cruise lines want families looking for a good value on a vacation and they attempt to win them over by using marketing that emphasizes how fun its cruise ships are. Royal Caribbean leans in heavily on promoting its Coco Cay private island, which has a massive pool and an added-fee water park.
Even as Royal Caribbean Cruisers Return, It Remains More of a Trade
If you have owned Royal Caribbean (NYSE:RCL) stock over the last year, you have matched the market. Source: Laszlo Halasi / Shutterstock.com This is not true for the other big cruise stocks. Carnival Cruise Lines (NYSE:CCL) investors have broken even. Norwegian Cruise Lines (NYSE:NCLH) is down about 10%.
Royal Caribbean Makes a Huge Change Passengers Will Love
In recent months, since the cruise line restarted sailing from U.S. ports in July, the company's emails shared a variety of information. In other cases, the company used its emails to tell passengers about changes in itineraries, and, most importantly changes in Covid protocols.
Profits and losses aren't everything
The reason Royal Caribbean's stock went up after posting a big loss is a reflection of how the stock market works, and what investors look for in any company.
What did Royal Caribbean do right?
Mr. Kline explains why Royal Caribbean's stock jumped, despite the loss."In the case of RCL, the loss was expected but the picture going forward looks optimistic. People are buying shares based on that optimism."
Royal Caribbean Q2 Earnings Lag Estimates, Revenues Top
Royal Caribbean reported second-quarter 2020 results, wherein earnings missed the Zacks Consensus Estimate but revenues surpassed the same. While the top line beat the consensus mark after missing in the preceding three quarters, the bottom line missed the same for the second straight quarter.
Quarterly Highlights
Passenger ticket revenues decreased 94.7% to $107 million, while onboard and other revenues declined 91.3% to $68.6 million.
Other Financial Information
As of Jun 30, 2020, the company had cash and cash equivalents of approximately $4.1 billion.
Guidance
Due to the pandemic, the company has withdrawn guidance. The company is unable to estimate the financial losses owing to the coronavirus as the magnitude and duration of the same remains uncertain.
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. RCL Fundamentals In Recent Years Looked Good, But Current Situation Is Very Challenging.
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.
How much debt does Royal Caribbean have?
To put the liquidity into perspective, Royal Caribbean has $2.6 billion of debt maturing in 2020 and $2.2 billion obligated to new ship purchases in the next year. If operations don't get going soon, the new liquidity may not be enough to save Royal Caribbean. And I doubt the cruise business will be back to any sort of "normal" anytime soon.
How much is Royal Caribbean's loan?
Early Monday, Royal Caribbean announced that it has entered into a $2.2 billion secured term loan facility for the next year. This will give the company a total of $3.6 billion of liquidity to weather the current downturn in the cruise business.
