Royal Caribbean Cruises Ltd. (NYSE:RCL) is a stock to watch today. At current price of $49.11, the shares have already added 6.7 points (15.8% higher) from its previous close of $42.41. The stock sets an active trading volume day with a reported 13662361 contracts so far this session. RCL shares had a relatively better volume day versus average trading capacity of 8.24 million shares, but with a 0.17 billion float and a 89.92% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for RCL stock indicates that the average analyst price target is $99.46 per share. This means the stock has a potential increase of 102.52% from where the RCL share price has been trading recently.
During the recent trading session for Royal Caribbean Cruises Ltd. (NYSE:RCL), the company witnessed their stock rise $24.55 over a week and tumble down $-30.04 from the price 20 days ago. When compared to their established 52-week high of $135.32, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 01/17/20. The recent low of $19.25 stood for a -63.71% since 03/18/20, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.41 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Royal Caribbean Cruises Ltd., the two-week RSI stands at 43.97. This figure suggests that RCL stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current RCL readings is similarly very revealing as it has a stochastic reading of 49% at this stage. This figure means that RCL share price today is being neutral.
Technical chart claims that Royal Caribbean Cruises Ltd. (RCL) would settle between $47/share to $51.6/share level. However, if the stock price goes below the $36.26 mark, then the market for Royal Caribbean Cruises Ltd. becomes much weaker. If that happens, the stock price might even plunge as low as $30.12 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 10.37. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at BofA/Merrill lowered their recommendation on shares of RCL from Neutral to Underperform in their opinion released on March 17. William Blair analysts have lowered their rating of Royal Caribbean Cruises Ltd. (NYSE:RCL) stock from Outperform to Mkt Perform in a separate flash note issued to investors on March 05. Analysts at Deutsche Bank lowered the stock to a Hold call from its previous Buy recommendation, in a research note that dated back to February 28.
RCL equity has an average rating of 2, with the figure leaning towards a bullish end. 17 analysts who tracked the company were contacted by Reuters. Amongst them, 6 rated the stock as a hold while the remaining 11 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 10 analysts rated Royal Caribbean Cruises Ltd. (NYSE:RCL) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, RCL stock price is currently trading at 4.8X forward 12-month Consensus EPS estimates, and its P/E ratio is 4.7 while for the average stock in the same group, the multiple is 9.3. Royal Caribbean Cruises Ltd. current P/B ratio of 0.7 means it is trading at a discount against its industry’s 1.5.
Royal Caribbean Cruises Ltd. (RCL)’s current-quarter revenues are projected to climb by nearly -4.7% to hit $2.33 billion, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -4% from $10.95 billion to a noteworthy $10.51 billion. At the other end of the current quarter income statement, Royal Caribbean Cruises Ltd. is expected to see its adjusted earnings surge by roughly -91.6% to hit $0.11 per share. For the fiscal year, RCL’s earnings are projected to climb by roughly -38.9% to hit $5.83 per share.