Wolfe Research raised the price target for the Royal Caribbean Group (NYSE:RCL) stock from “a Peer perform” to “an Outperform”. The rating was released on June 16, 2021. The research report from Berenberg has downgraded the stock from Hold to Sell, with a price target set at $55. The stock was upgraded by Barclays, who disclosed in a research note on September 25, 2020, from Equal Weight to Overweight and set the price objective to $68. In their research brief published July 14, 2020, SunTrust analysts downgraded the Royal Caribbean Group stock from Buy to Hold with a price target of $48.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Royal Caribbean Group (NYSE:RCL) raised 3.25% to close Tuesday’s market session at $82.86, higher as compared to yesterday’s close. The stock price fluctuated between $81.00 and $83.54 throughout the trading session with the volume trading being 4934334 shares, which represented a significant variation when compared to the three months average volume of 4.34 million shares. The firm’s stock price fluctuated 9.00% within the last five trades and 2.45% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -14.28% in the last 6 months and -6.90% was subtracted to its value over the previous 3 months. RCL stock is trading at a margin of 6.03%, 2.93% and 2.60% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, RCL deals in the Consumer Cyclical domain. The stock is trading -16.51 percent below its 52-week high and 61.43 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 16.92. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Royal Caribbean Group’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $20.64 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 64.94. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 221.02 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.68, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.50 percent of Royal Caribbean Group shares are owned by insiders, and 71.30 percent are held by financial institutions. Wilhelmsen Arne Alexander, the Director at Royal Caribbean Group (RCL) has sold 442,894 shares of firm on Jun 08 at a price of $95.22 against the total amount of $42.17 million. In another inside trade, Wilhelmsen Arne Alexander, Director of Royal Caribbean Group (NYSE:RCL) sold 278,720 shares of the firm on Jun 07 for a total worth of $26.36 million at a price of $94.56. An inside trade which took place on May 25, SVP, Finance of Royal Caribbean Group Holtz Naftali sold 5,465 shares of firm against total price of $0.49 million at the cost of $88.88 per share.