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Carnival and Norwegian both trade more than 50% lower than their 2019 levels. Royal Caribbean Cruises will announce its quarterly financial results in 4 days. Traders should take this into account as the share price often fluctuates around this time period. MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Royal Caribbean Cruises Stock Up 1.2 %
The Goldman Sachs Group restated a "buy" rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Finally, Susquehanna boosted their target price on shares of Royal Caribbean Cruises from $120.00 to $150.00 and gave the company a "positive" rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock.
Royal Caribbean Cruises Analyst Opinions
Royal Caribbean Cruises' stock is owned by a variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.22%), Vaughan Nelson Investment Management L.P. (0.19%), Los Angeles Capital Management LLC (0.11%), Allspring Global Investments Holdings LLC (0.10%), State of Michigan Retirement System (0.03%) and Czech National Bank (0.02%). Insiders that own company stock include Arne Alexander Wilhelmsen, Harri U Kulovaara, Henry L Pujol, Jason T Liberty, Laura H Bethge, Lisa Lutoff-Perlo, Maritza Gomez Montiel, Michael W Bayley and Naftali Holtz.
How Royal Caribbean is leading the charge in the cruise industry comeback
A number of other institutional investors have also modified their holdings of the stock. West Branch Capital LLC boosted its holdings in Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company's stock worth $39,000 after acquiring an additional 100 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in shares of Royal Caribbean Cruises by 24.6% during the 4th quarter. Toth Financial Advisory Corp now owns 506 shares of the company's stock valued at $66,000 after purchasing an additional 100 shares in the last quarter. FSB ADV grew its position in Royal Caribbean Cruises by 14.3% during the fourth quarter.
Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. While Royal Caribbean Cruises currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... It's seen the highest ticket revenue increase relative to 2019 out of the big three cruise giants. And last month, its share price surpassed its pre-pandemic high.
Louisiana State Employees Retirement System Purchases Shares of 14300 Royal Caribbean Cruises Ltd. (NYSE:RCL) - Defense World
Louisiana State Employees Retirement System Purchases Shares of 14300 Royal Caribbean Cruises Ltd. (NYSE:RCL).
Posted: Fri, 19 Apr 2024 10:21:34 GMT [source]
Upgrade to MarketBeat All Access to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for Royal Caribbean Cruises and its competitors with MarketBeat's FREE daily newsletter. New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.
Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of "Moderate Buy" and an average target price of $136.94. 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Royal Caribbean Cruises in the last year. There are currently 1 hold rating and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RCL shares.
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Several equities research analysts recently issued reports on RCL shares. Mizuho assumed coverage on Royal Caribbean Cruises in a report on Wednesday. They issued a "buy" rating and a $164.00 price objective on the stock. UBS Group lifted their price target on Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a "buy" rating in a report on Friday, February 16th. Macquarie boosted their price target on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an "outperform" rating in a research report on Friday, March 15th.
We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The Barchart Technical Opinion widget shows you today's overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods.
The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. Carnival, Norwegian and Royal Caribbean all reported entering the year with record highs for individual bookings and cruise pricing. The company has removed some costs from the system, which could drive upside to estimates, Chaiken further stated. This section shows the Highs and Lows over the past 1, 3 and 12-Month periods. Click the "See More" link to see the full Performance Report page with expanded historical information. You have already added five stocks to your watchlist.
It is not possible to predict or identify all such risks. Analyst initiates coverage of Royal Caribbean Cruises with Buy rating and price target of $164. 545 employees have rated Royal Caribbean Cruises Chief Executive Officer Richard D. Fain on Glassdoor.com. Richard D. Fain has an approval rating of 95% among the company's employees. This puts Richard D. Fain in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. The Barchart Technical Opinion rating is a 72% Buy with a Strengthening short term outlook on maintaining the current direction.
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