Royal Caribbean Cruises (RCL) Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Royal Caribbean Cruises in the last year. There are currently 3 hold ratings and 11 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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14 brokers have issued 12 month target prices for Royal Caribbean Cruises' stock. Their RCL share price forecasts range from $71.00 to $139.00. On average, they predict the company's share price to reach $112.38 in the next year. This suggests a possible upside of 23.4% from the stock's current price.
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Royal Caribbean Cruises' stock was trading at $49.43 at the start of the year. Since then, RCL shares have increased by 84.2% and is now trading at $91.05.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Royal Caribbean Cruises Ltd. (NYSE:RCL) released its quarterly earnings results on Thursday, July, 27th. The company reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.58 by $0.24. The firm had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.41 billion. Royal Caribbean Cruises had a negative net margin of 0.47% and a positive trailing twelve-month return on equity of 6.76%. Royal Caribbean Cruises's revenue was up 61.3% compared to the same quarter last year. During the same quarter last year, the company posted ($2.08) EPS.
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ETFs with the largest weight of Royal Caribbean Cruises (NYSE:RCL) stock in their portfolio include Defiance Hotel, Airline, and Cruise ETF (CRUZ), AdvisorShares Hotel ETF (BEDZ), Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), Innovator IBD 50 ETF (FFTY), Invesco Leisure and Entertainment ETF (PEJ), Pinnacle Focused Opportunities ETF (FCUS), WealthTrust DBS Long Term Growth ETF (WLTG) and Direxion Daily Travel & Vacation Bull 2X Shares (OOTO).

Royal Caribbean Cruises updated its third quarter 2023 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $3.38-$3.48 for the period, compared to the consensus EPS estimate of $2.88. The company issued revenue guidance of -.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Royal Caribbean Cruises investors own include Carnival Co. & (CCL), Walt Disney (DIS), NVIDIA (NVDA), Delta Air Lines (DAL), Tesla (TSLA), Alibaba Group (BABA), Boeing (BA), American Airlines Group (AAL) and Netflix (NFLX).

Royal Caribbean Cruises trades on the New York Stock Exchange (NYSE) under the ticker symbol "RCL."

Royal Caribbean Cruises' stock is owned by many different institutional and retail investors. Top institutional investors include Capital International Investors (11.58%), BlackRock Inc. (5.80%), Citadel Advisors LLC (0.00%), Geode Capital Management LLC (1.83%), Canada Pension Plan Investment Board (1.71%) and Capital World Investors (1.03%). Insiders that own company stock include Arne Alexander Wilhelmsen, Henry L Pujol, Jason T Liberty, Lisa Lutoff-Perlo, Maritza Gomez Montiel, Michael W Bayley and Naftali Holtz.
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Shares of RCL stock 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.
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One share of RCL stock can currently be purchased for approximately $91.05.

Royal Caribbean Cruises (NYSE:RCL) has a market capitalization of $23.32 billion and generates $8.84 billion in revenue each year. The company earns $-2,155,960,000.00 in net income (profit) each year or ($0.32) on an earnings per share basis.

The company employs 102,500 workers across the globe.

Royal Caribbean Cruises' mailing address is 1050 Caribbean Way, Miami FL, 33132. The official website for the company is www.rclinvestor.com. The company can be reached via phone at (305) 539-6000, via email at investorrelations@rccl.com, or via fax at 305-374-7354.