Royal Caribbean Group (NYSE:RCL) has a beta value of 2.83 and has seen 2,565,917 shares traded in the recent trading session. The company, currently valued at $21.37 Billion, closed the recent trade at $83.56 per share which meant it lost -$4.35 on the day or -4.95% during that session. The RCL stock price is -18.77% off its 52-week high price of $99.24 and 62.41% above the 52-week low of $31.41. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.71 Million shares traded. The 3-month trading volume is 5.36 Million shares.
The consensus among analysts is that Royal Caribbean Group (RCL) is a Hold stock at the moment, with a recommendation rating of 2.6. 2 analysts rate the stock as a Sell, while none rate it as Overweight. 7 out of 17 have rated it as a Hold, with 6 advising it as a Buy. 2 have rated the stock as Underweight. The expected earnings per share for the stock is -$4.43.
Royal Caribbean Group (NYSE:RCL) trade information
Despite being -4.95% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the RCL stock price touched $92.45- or saw a rise of 9.73%. Year-to-date, Royal Caribbean Group shares have moved 11.73%, while the 5-day performance has seen it change -4.77%. Over the past 30 days, the shares of Royal Caribbean Group (NYSE:RCL) have changed -3.72%. Short interest in the company has seen 9.8 Million shares shorted with days to cover at 1.83.
Wall Street analysts have a consensus price target for the stock at $94.33, which means that the shares’ value could jump 12.89% from the levels at last check today. The projected low price target is $61 while the price target rests at a high of $135. In that case, then, we find that the latest price level in today’s session is +61.56% off the targeted high while a plunge would see the stock lose -27% from the levels at last check today.
Royal Caribbean Group (RCL) estimates and forecasts
Figures show that Royal Caribbean Group shares have underperformed across the wider relevant industry. The company’s shares have gained +63.31% over the past 6 months, with this year growth rate of 24.14%, compared to 37.9% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 27.7% and 43.4% for the next quarter. Revenue growth from the last financial year stood is estimated to be -1.5%.
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 -61.4% over the past 5 years. Earnings growth for 2021 is a modest -402.2%.
Royal Caribbean Group (NYSE:RCL)’s Major holders
Insiders own 14.09% of the company shares, while shares held by institutions stand at 62.1% with a share float percentage of 72.28%. Investors are also buoyed by the number of investors in a company, with Royal Caribbean Group having a total of 928 institutions that hold shares in the company. The top two institutional holders are Capital Research Global Investors with over 21.82 Million shares worth more than $1.63 Billion. As of December 30, 2020, Capital Research Global Investors held 8.57% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 19.57 Million shares as of December 30, 2020. The firm’s total holdings are worth over $1.46 Billion and represent 7.69% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Growth Fund Of America Inc and Investment Company Of America. As of March 30, 2021, the former fund manager holds about 6.6% shares in the company for having 16793423 shares of worth $1.44 Billion while later fund manager owns 7.52 Million shares of worth $644.08 Million as of March 30, 2021, which makes it owner of about 2.96% of company’s outstanding stock.