Royal Caribbean Cruises Ltd. (NYSE:RCL) has a beta value of 2.52 and has seen 5,726,705 shares traded in the recent trading session. The company, currently valued at $10.43 Billion, closed the recent trade at $49.81 per share which meant it lost -$0.4 on the day or -0.97% during that session. The RCL stock price is -171.67% off its 52-week high price of $135.32 and 61.35% above the 52-week low of $19.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 20.86 Million shares traded. The 3-month trading volume is 23.92 Million shares.
The consensus among analysts is that Royal Caribbean Cruises Ltd. (RCL) is an Overweight stock at the moment, with a recommendation rating of 2.3. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 9 out of 19 have rated it as a Hold, with 8 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$4.65.
Royal Caribbean Cruises Ltd. (NYSE:RCL) trade information
Despite being -3.18% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Jun 24 when the RCL stock price touched $52.46- or saw a rise of 7.68%. Year-to-date, Royal Caribbean Cruises Ltd. shares have moved -63.73%, while the 5-day performance has seen it change -10.91%. Over the past 30 days, the shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) have changed -6.63%. Short interest in the company has seen 24.97 Million shares shorted with days to cover at 1.04.
Wall Street analysts have a consensus price target for the stock at $53.43, which means that the shares’ value could jump 7.27% from current levels. The projected low price target is $23 while the price target rests at a high of $85. In that case, then, we find that the current price level is +70.65% off the targeted high while a plunge would see the stock lose -53.82% from current levels.
Royal Caribbean Cruises Ltd. (RCL) estimates and forecasts
Figures show that Royal Caribbean Cruises Ltd. shares have underperformed across the wider relevant industry. The company’s shares have lost -62.27% over the past 6 months, with this year growth rate of -242.98%, compared to -33.4% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -283.1% and -203% for the next quarter. Revenue growth from the last financial year stood is estimated to be -70.2%.
11 analysts offering their estimates for the company have set an average revenue estimate of $73.2 Million for the current quarter. 11 have an estimated revenue figure of $368.47 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $2.81 Billion and $3.19 Billion respectively for this quarter and the next, and analysts expect sales will grow by -97.4% for the current quarter and -88.4% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +21.2% over the past 5 years. Earnings growth for 2020 is a modest +4.5% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Royal Caribbean Cruises Ltd. is expected to release its next earnings report between July 23 and July 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.12 at a share yield of 6.2%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.26%.
Royal Caribbean Cruises Ltd. (NYSE:RCL)’s Major holders
Insiders own 18.45% of the company shares, while shares held by institutions stand at 75.9% with a share float percentage of 93.07%. Investors are also buoyed by the number of investors in a company, with Royal Caribbean Cruises Ltd. having a total of 919 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 19.03 Million shares worth more than $612.35 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 9.09% of shares outstanding.
The other major institutional holder is Capital Research Global Investors, with the holding of over 14.13 Million shares as of March 30, 2020. The firm’s total holdings are worth over $454.69 Million and represent 6.75% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Investment Company Of America and Vanguard Total Stock Market Index Fund. As of March 30, 2020, the former fund manager holds about 2.48% shares in the company for having 5198956 shares of worth $167.25 Million while later fund manager owns 4.93 Million shares of worth $158.45 Million as of March 30, 2020, which makes it owner of about 2.35% of company’s outstanding stock.