rcl royal caribbean cruises ltd stock

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Royal Caribbean Group RCL

Company report, royal caribbean's hardware and experiences continue to compel consumers to cruise.

Consumer interest in travel has maintained momentum for Royal Caribbean into 2024, continuing the robust demand and pricing trends in the business. The redeployment of the fleet was completed in mid-2022 and occupancy has returned to historical levels aiding a normalization of profits and cash flow. Royal Caribbean reported record pricing in 2023 (13% above 2019's level), with further growth anticipated in 2024, given robust advance booking patterns and price levels thanks to a healthy consumer appetite for travel. On the cost side, expenses should be better managed ahead as a result of optimized occupancy and ongoing productivity initiatives, aiding profitability.

Price vs Fair Value

Bulls say, bears say.

If consumer preference for experiences over things persists, yields could rise faster than we currently expect as demand rises.

Weakness in consumer spending spurred by an economic downturn could affect discretionary spending and cause pricing to soften intermittently.

Norwegian Cruise Line's stock looks very attractive for these reasons, analyst says

The suite life: celebrity cruises elevates 'the retreat' experience, norwegian cruise's stock rises as profit outlook raised for 2nd time in 3 weeks, celebrity cruises first-ever edge series alaska itineraries set sail, celebrity cruises' revolutionary ship celebrity apex® homeports in southampton for first-ever season from the uk, hard rock international, seminole gaming, royal caribbean international and celebrity cruises announce global partnership, bringing travel benefits across land and sea, royal caribbean sees record bookings as demand for experiences and travel grow, trading information, key statistics, company profile, competitors.

• Norwegian Cruise Line Holdings Ltd NCLH
• Wyndham Hotels & Resorts Inc Ordinary Shares WH
• Carnival Corp CCL

Financial Strength

Profitability, travel services industry comparables, sponsor center.

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Evaluating Royal Caribbean Gr: Insights From 12 Financial Analysts

In the latest quarter, 12 analysts provided ratings for Royal Caribbean Gr (NYSE:RCL), showcasing a mix of bullish and bearish perspectives.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

The 12-month price targets, analyzed by analysts, offer insights with an average target of $162.08, a high estimate of $175.00, and a low estimate of $145.00. This upward trend is apparent, with the current average reflecting a 6.98% increase from the previous average price target of $151.50.

Decoding Analyst Ratings: A Detailed Look

The standing of Royal Caribbean Gr among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Royal Caribbean Gr. This offers insight into analysts' perspectives on the current state of the company.
• Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Royal Caribbean Gr compared to the broader market.
• Price Targets: Understanding forecasts, analysts offer estimates for Royal Caribbean Gr's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Royal Caribbean Gr's market standing. Stay informed and make well-considered decisions with our Ratings Table.

Stay up to date on Royal Caribbean Gr analyst ratings.

Get to Know Royal Caribbean Gr Better

Royal Caribbean is the world's second-largest cruise company, operating 65 ships across five global and partner brands in the cruise vacation industry, with eight more ships on order. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in the first quarter of 2021.

Royal Caribbean Gr's Financial Performance

Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.

Revenue Growth: Royal Caribbean Gr's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 29.18% . This signifies a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: Royal Caribbean Gr's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 9.66%, the company may face hurdles in effective cost management.

Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 7.29%, the company may need to address challenges in generating satisfactory returns for shareholders.

Return on Assets (ROA): Royal Caribbean Gr's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.02%, the company may face hurdles in achieving optimal financial performance.

Debt Management: With a below-average debt-to-equity ratio of 4.11 , Royal Caribbean Gr adopts a prudent financial strategy, indicating a balanced approach to debt management.

Analyst Ratings: What Are They?

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Royal Caribbean Cruises Ltd (RCL)

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Carnival, Royal Caribbean Shares Are Moving Higher: What's Going On?

C ruise line stocks Carnival Corp (NYSE:CCL) and Royal Caribbean Cruises Ltd (NYSE:RCL) are moving Monday in the wake of Norwegian Cruise Line Holdings Ltd (NYSE:NCLH), which saw shares pop after the company raised its 2024 guidance and set new 2026 financial targets .

What Happened With NCLH: Norwegian Cruise Line announced a new strategy Monday in connection with its Investor Day. The company’s new “Charting The Course” strategy includes a refreshed vision, strategic initiatives and three-year financial and sustainability targets geared at enhancing shareholder returns. Norwegian shares were up nearly 7% at last check.

Norwegian Cruise Line raised its full-year 2024 net yield growth expectations from 6..4% to 7.2%. Norwegian also raised its full-year 2024 adjusted EBITDA expectations from $2.25 billion to $2.3 billion and full-year adjusted earnings guidance from $1.32 to $1.42 per share versus estimates of $1.35 per share, according to Benzinga Pro .

Norwegian Cruise Line also introduced new 2026 targets including adjusted earnings of approximately $2.45 per share, adjusted operational EBITDA margin of approximately 39%, a reduction of net leverage to the mid-four turn levels and record adjusted ROIC of 12%.

“We have continued to see very strong demand and record bookings. We are now thrilled to launch this financial plan by setting long term targets with increased 2024 guidance, putting ourselves on solid footing to enhance shareholder value in the coming years,” said  Mark Kempa , CFO at Norwegian Cruise Line Holdings.

On Friday, Wells Fargo analyst Daniel Politzer maintained Carnival with an Overweight rating and raised the price target from $22 to $23. Politzer also maintained Royal Caribbean with an Overweight and raised the price target from $159 to $165.

Check This Out: Benzinga’s ‘Stock Whisper’ Index: 5 Stocks Investors Secretly Monitor But Don’t Talk About Yet

CCL, RCL Price Action: At publication time, Carnival shares were up 4.33% at $15.65 and Royal Caribbean shares were up 2.59% at $145.68, according to Benzinga Pro .

Photo: postcardtrip from Pixabay.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

This article Carnival, Royal Caribbean Shares Are Moving Higher: What's Going On? originally appeared on Benzinga.com .

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Why Is Norwegian Cruise Line Stock Shooting Higher Today?

Zinger key points.

• Mizuho analyst Ben Chaiken upgrades the stock from Neutral to Buy.
• Ben Chaiken raises the price target from $21 to $24.

Norwegian Cruise Line Holdings Ltd  NCLH shares are trading higher after  Mizuho Securities  analyst Ben Chaiken upgraded the shares from  Neutral to Buy  and raised the price target from $21 to $24.

According to the analyst, valuation has completely reset after about 2 years of significant relative underperformance.

NCLH is streamlining its business like cost cutting, which should drive upside to near term/medium-term estimates, said the analyst.

In the context of a very favorable industry backdrop, the analyst sees upside to yields from NCLH optimizing its fleet itineraries, with a longer-term yield tailwind from further build-out of its private island portfolio.

The analyst felt the market was not properly encompassing the significant capex drag and impact

on the balance sheet from future ship orders.

The analyst, at this point, believes the risk/impact is fully reflected in valuation with NCLH trading at a 1x discount relative to  Royal Caribbean Cruises Ltd  RCL on ’25 estimates.

NCLH recently held an investor day that the analyst believes  coherently outlined a path to substantially higher earnings .

The analyst’s $24 target price is based on a 9x ’25 EBITDA estimate of ~$2.6 billion.

However, valuation is now at a discount, and the analyst believes fundamentals are inflecting, which creates a compelling setup for the stock. 

Price Action : NCLH shares are trading higher by 3.81% at $16.61 at the last check Tuesday.

Photo via Wikimedia Commons

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Shareholder Benefits

This exclusive benefit offer is reserved solely for shareholders owning a minimum of 100 shares of Royal Caribbean Group (NYSE: RCL) at time of sailing.

$1,000 Onboard Credit per Stateroom on a World Cruise

$250 Onboard Credit per Stateroom on Sailings of 14 or more nights.

$100 Onboard Credit per Stateroom on Sailings of 6-13 nights.

$50 Onboard Credit per Stateroom on Sailings of 5 nights or less.

• Applicable on any eligible Royal Caribbean International, Celebrity Cruises or Silversea Cruises sailing.
• Excludes any charter or Galapagos sailings.

To complete your Shareholder Onboard Credit Offer Request electronically click here .

You can complete your Shareholder Onboard Credit Request for Silversea Cruises here .

Requests should be received in our office approximately 2-3 weeks prior to your sail date.

The benefit is only available for the stateroom in which the shareholder (with a minimum of 100 shares) is sailing. Onboard credit is applied on a per stateroom basis, double occupancy. Only one shareholder credit per stateroom on any one sailing. If shares are held jointly, 100 shares are required for each onboard credit request on any one sailing.

Yes, you may request this benefit multiple times-as often as you sail on Royal Caribbean International, Celebrity Cruises or Silversea Cruises. (excludes any charter or Galapagos sailings)

Benefit is non-transferable and not available to employees of Royal Caribbean Group or its subsidiaries and affiliates. Benefit cannot be redeemed for chartered sailings, any Galapagos sailings or complimentary sailings.

No. Benefit is non-transferable. Only the stateroom that the shareholder is traveling in will be eligible for the onboard credit.

Shareholder benefit offer applies to bookings made on or after June 1, 2023. Onboard credit is applied on a per stateroom basis; double occupancy, one shareholder credit per stateroom, and one credit per shareholder per sailing. If you are requesting shareholder onboard credit for two or more separate staterooms and shares are held jointly, a minimum of 100 shares per stateroom booked must be held. Single guests paying 200% of applicable fare receive full onboard credit value. Onboard credit may not be used for onboard service charges or pre-purchased activities. Any unused credit after the final night of the sailing shall be forfeited and is not redeemable for cash. Notwithstanding the foregoing, World Cruise onboard credit benefit may be used for shore excursions and, if unused, may be refunded upon request to the shareholder’s original form of payment. Benefit is non-transferable and not available to employees of Royal Caribbean Group or its subsidiaries and affiliates. Benefit cannot be redeemed for chartered sailings, complimentary sailings or Galapagos sailings. The shareholder must own the Royal Caribbean Group (NYSE: RCL) stock at time of sailing. Onboard credit is calculated in US dollars except on sailings where the onboard currency used is a foreign currency (in which case the onboard credit will be converted at a currency exchange rate determined by the cruise line). Onboard credit amount is credited to shareholder’s stateroom folio at time of sailing. Other terms and conditions may apply. Prices and offers are subject to availability and change without notice, capacity controlled, and may be withdrawn at any time.

You can download the Shareholder Benefits PDF  here .

You can complete your Shareholder Onboard Credit Offer Request electronically here .

Email us at [email protected]

For Silversea Cruises Email us at [email protected]

Cautionary Statement Concerning Forward-Looking Statements

Certain statements in this release relating to, among other things, our future performance estimates, forecasts and projections constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to: statements regarding revenues, costs and financial results for 2020 and beyond. Words such as “anticipate,” “believe,” “could,” “driving,” “estimate,” “expect,” “goal,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “will,” “would,” “considering”, and similar expressions are intended to help identify forward-looking statements. Forward-looking statements reflect management’s current expectations, are based on judgments, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to the following: the impact of the global incidence and spread of COVID-19, which has led to the temporary suspension of our operations and has had and will continue to have a material adverse impact on our business and results of operations, or other contagious illnesses on economic conditions and the travel industry in general and the financial position and operating results of our Company in particular, such as: the current and potential additional governmental and self-imposed travel restrictions, the current and potential extension of the suspension of cruises and new additional suspensions, guest cancellations; our ability to obtain sufficient financing, capital or revenues to satisfy liquidity needs, capital expenditures, debt repayments and other financing needs; the effectiveness of the actions we have taken to improve and address our liquidity needs; the impact of the economic and geopolitical environment on key aspects of our business, such as the demand for cruises, passenger spending, and operating costs; incidents or adverse publicity concerning our ships, port facilities, land destinations and/or passengers or the cruise vacation industry in general; concerns over safety, health and security of guests and crew; further impairments of our goodwill, long-lived assets, equity investments and notes receivable; an inability to source our crew or our provisions and supplies from certain places; the incurrence of COVID-19 and other contagious diseases on our ships and an increase in concern about the risk of illness on our ships or when traveling to or from our ships, all of which reduces demand; unavailability of ports of call; growing anti-tourism sentiments and environmental concerns; changes in US foreign travel policy; the uncertainties of conducting business internationally and expanding into new markets and new ventures; our ability to recruit, develop and retain high quality personnel; changes in operating and financing costs; our indebtedness, any additional indebtedness we may incur and restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business, including the significant portion of assets that are collateral under these agreements; the impact of foreign currency exchange rates, interest rate and fuel price fluctuations; the settlement of conversions of our convertible notes, if any, in shares of our common stock or a combination of cash and shares of our common stock, which may result in substantial dilution for our existing shareholders; our expectation that we will not declare or pay dividends on our common stock for the near future; vacation industry competition and changes in industry capacity and overcapacity; the risks and costs associated with protecting our systems and maintaining integrity and security of our business information, as well as personal data of our guests, employees and others; the impact of new or changing legislation and regulations or governmental orders on our business; pending or threatened litigation, investigations and enforcement actions; the effects of weather, natural disasters and seasonality on our business; emergency ship repairs, including the related lost revenue; the impact of issues at shipyards, including ship delivery delays, ship cancellations or ship construction cost increases; shipyard unavailability; and the unavailability or cost of air service.

In addition, many of these risks and uncertainties are currently heightened by and will continue to be heightened by, or in the future may be heightened by, the COVID-19 pandemic. It is not possible to predict or identify all such risks.

More information about factors that could affect our operating results is included under the caption “Risk Factors” in our most recent quarterly report on Form 10-Q, as well as our other filings with the SEC, and the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent annual report on Form 10-K, copies of which may be obtained by visiting our Investor Relations website at www.rclinvestor.com or the SEC’s website at www.sec.gov . Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.