RCL Stock Forecast 2022: Royal Caribbean Cruises Ltd. (NYSE: RCL) Is Weak With A -294.43% Downside

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In the latest trading session, 1.48 million Royal Caribbean Cruises Ltd. (NYSE:RCL) shares changed hands as the company’s beta touched 2.49. With the company’s most recent per share price at $34.48 changed hands at -$0.39 or -1.12% at last look, the market valuation stands at $9.11B. RCL’s current price is a discount, trading about -185.01% off its 52-week high of $98.27. The share price had its 52-week low at $31.09, which suggests the last value was 9.83% up since then. When we look at Royal Caribbean Cruises Ltd.’s average trading volume, we note the 10-day average is 7.17 million shares, with the 3-month average coming to 5.84 million.

Analysts gave the Royal Caribbean Cruises Ltd. (RCL) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.50. If we narrow down to specifics, the data shows that 1 out of 16 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 5 recommended RCL as a Hold, 8 felt it is a Buy and 1 rated the stock as Underweight. Royal Caribbean Cruises Ltd.’s EPS for the current quarter is expected to be -$2.24.

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Instantly RCL was in red as seen in intraday trades today. With action 6.44%, the performance over the past five days has been green. The drop to weekly highs of 39.09 on Friday, 07/22/22 subtracted -1.12% to the stock’s daily price. The company’s shares are showing year-to-date downside of -54.66%, with the 5-day performance at 6.44% in the green. However, in the 30-day time frame, Royal Caribbean Cruises Ltd. (NYSE:RCL) is -4.96% down. Looking at the short shares, we see there were 12.41 million shares sold at short interest cover period of 4.62 days.

The consensus price target for the stock as assigned by Wall Street analysts is $76.42, meaning bulls need an upside of 54.88% from its recent market value. According to analyst projections, RCL’s forecast low is $50.00 with $136.00 as the target high. To hit the forecast high, the stock’s price needs a -294.43% plunge from its current level, while the stock would need to soar -45.01% for it to hit the projected low.

Royal Caribbean Cruises Ltd. (RCL) estimates and forecasts

Data shows that the Royal Caribbean Cruises Ltd. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -57.05% over the past 6 months, a 67.17% in annual growth rate that is considerably higher than the industry average of 28.00%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2022 revenue estimates. The rating firms predict current quarter revenue for Royal Caribbean Cruises Ltd. will rise 55.70%, while the growth in revenue is estimated to hit 117.30% for the next quarter. Year-over-year growth is forecast to reach 482.10% up from the last financial year.

Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of $2.13 billion. 9 analysts are of the opinion that Royal Caribbean Cruises Ltd.’s revenue for the quarter ending Sep 2022 will be $3.06 billion. The company’s revenue for the corresponding quarters a year ago was $149.69 million and $456.96 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1,321.10%. The estimates for the next quarter sales put growth at 569.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -40.70%. The 2022 estimates are for Royal Caribbean Cruises Ltd. earnings to increase by 22.80%.

RCL Dividends

Royal Caribbean Cruises Ltd. is expected to release its next quarterly earnings report between April 27 and May 02.

Royal Caribbean Cruises Ltd. (NYSE:RCL)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 13.81% of Royal Caribbean Cruises Ltd. shares while 76.47% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 88.72%. There are 76.47% institutions holding the Royal Caribbean Cruises Ltd. stock share, with Capital International Investors the top institutional holder. As of Dec 30, 2021, the company held 10.73% of the shares, roughly 27.36 million RCL shares worth $2.1 billion.

Capital Research Global Investors holds the second largest percentage of outstanding shares, with 9.31% or 23.74 million shares worth $1.83 billion as of Dec 30, 2021.

Among Mutual Funds, the top two as of Feb 27, 2022 were Growth Fund Of America Inc and Investment Company Of America. With 19.63 million shares estimated at $1.58 billion under it, the former controlled 7.70% of total outstanding shares. On the other hand, Investment Company Of America held about 4.58% of the shares, roughly 11.67 million shares worth around $897.62 million.