Royal Caribbean Group (NYSE: RCL) has recently enjoyed notable positive changes in fundamentals: the consensus estimate for December, 2023 increased significantly, significant quarterly sales acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
Recent meaningful positive changes in investment behavior have benefitted Royal Caribbean Group (NYSE: RCL): its shorter term price trend turned up.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RCL is expected to continue to be a major Value Builder.
Royal Caribbean Group has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Royal Caribbean Group has a slightly negative Appreciation Score of 37 but a very high Power Rating of 100, and the Positive Value Trend Rating results.
Recent Price Action
Royal Caribbean Group (NYSE: RCL) stock closed at $102.10 on 11/15/23 after a modest decline of -0.7%. The stock has risen 9.8% during the last week and has been exceptionally strong relative to the market over the last nine months.
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