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Saturday, September 26, 2020

The Rejuvenation of Royal Caribbean Cruises Ltd. (NYSE:RCL)

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The Royal Caribbean Cruises Ltd. (RCL) shares are trading at higher $51.00 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $60.00.

To add more color to this target, the company’s high over the last year is $135.32 and the low is $19.25. Over the last 52 weeks, RCL is down -62.31% while the S&P 500 is up 1.23%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, RCL reported a profit of $521.93 million. Royal Caribbean Cruises Ltd. also saw revenues increase to $2.03 billion. In addition, RCL has free cash flow of -$1.05 billion as of 03-2020. The company’s EBITDA came in at -$967.67 million which compares well with its peers.

RCL booked profit margins of 1.80%, its Return on Equity (ROE) is 1.60%, and its Return on Assets is 0.60%. All told, it is clear that, RCL needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. RCL has a short ratio of 1.23 and outstanding shares of 209.10M.

Company Outlook

RCL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 8.49 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.85. Royal Caribbean Cruises Ltd. RCL also noted assets of $33.45 billion at the end of the last quarter. Investors should also keep an eye on sector updates as RCL has historically followed its peers on positive news.

All told, Royal Caribbean Cruises Ltd. RCL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, RCL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Royal Caribbean Cruises Ltd. RCL is now commanding a market cap of 10.60B and a float of 170.84M. RCL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of RCL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in RCL, either long or short, and we have not been compensated for this article.

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