Royal Caribbean Group (NYSE:RCL) share price rebounds 62.62% from the lows – but can it keep going? – Marketing Sentinel
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Royal Caribbean Group (NYSE:RCL) share price rebounds 62.62% from the lows – but can it keep going?

In recent trading session, Royal Caribbean Group (NYSE:RCL) saw 1,458,644 shares changing hands at last check today with its beta currently measuring 2.83. Company’s recent per share price level of $84.03 trading at $3.33 or 4.13% at last check today assigns it a market valuation of $21.26 Billion. That most recent trading price of RCL’s stock is at a discount of -18.1% from its 52-week high price of $99.24 and is indicating a premium of 62.62% from its 52-week low price of $31.41. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.69 Million shares which gives us an average trading volume of 5.21 Million if we extend that period to 3-months.

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For Royal Caribbean Group (RCL), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.6. Splitting up the data highlights that, out of 18 analysts covering the stock, 2 rated the stock as a Sell while none recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 6 see the stock as a Buy. 2 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$4.4 in the current quarter.

Royal Caribbean Group (NYSE:RCL) trade information

Upright in the green today for gaining 4.13%, in the last five days RCL remained trading in the green while hitting it’s week-highest on Monday, May 03 when the stock touched $88.69- price level, adding 5.75% to its value on the day. Royal Caribbean Group’s shares saw a change of 11.92% in year-to-date performance and have moved -3.86% in past 5-day. Royal Caribbean Group (NYSE:RCL) showed a performance of -8.18% in past 30-days. Number of shares sold short was 9.8 Million shares which calculate 1.88 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $94.33 to the stock, which implies a rise of 12.26% to its recent value today. Analysts have been projecting $61 as a low price target for the stock while placing it at a high target of $135. It follows that stock’s price at last check today has to jump +60.66% in reaching the projected high whereas dropping to the targeted low would mean a loss of -27.41% for stock’s latest value.

Royal Caribbean Group (RCL) estimates and forecasts

Statistics highlight that Royal Caribbean Group is scoring comparatively lower than the scores of other players of the relevant industry. The company added +40.18% of value to its shares in past 6 months, showing an annual growth rate of 24.14% while that of industry is 38.2. Apart from that, the company came raising its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to increase by 28.2% in the current quarter and calculating 52.7% increase in the next quarter. This year revenue growth is estimated to rise 10.4% from the last financial year’s standing.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $133.77 Million for the same. And 7 analysts are in estimates of company making revenue of $796.51 Million in the next quarter that will end on September 01, 2021.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -61.4% during past 5 years. In 2021, company’s earnings growth rate is likely to be around -402.2% while estimates for its earnings growth in next 5 years are of 0%

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Royal Caribbean Group (NYSE:RCL)’s Major holders

Insiders are in possession of 14.09% of company’s total shares while institution are holding 62.44% percent of that, with stock having share float percentage of 72.68%. Investors also watch the number of corporate investors in a company very closely, which is 929 institutions for Royal Caribbean Group that are currently holding shares of the company. Capital Research Global Investors is the top institutional holder at RCL for having 21.82 Million shares of worth $1.63 Billion. And as of December 30, 2020, it was holding 8.57% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 19.57 Million shares on December 30, 2020. The number of shares represents firm’s hold over 7.69% of outstanding shares, having a total worth of $1.46 Billion.

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On the other hand, Growth Fund Of America Inc and Investment Company Of America are the top two Mutual Funds which own company’s shares. As of March 30, 2021, the former fund manager was holding 16793423 shares of worth $1.44 Billion or 6.6% of the total outstanding shares. The later fund manager was in possession of 7.52 Million shares on March 30, 2021, making its stake of worth around $644.08 Million in the company or a holder of 2.96% of company’s stock.

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