Analyst Revises Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock Target


Royal Caribbean Cruises Ltd. (NYSE:RCL) mean price target has been set at $97.830 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $3.450 in the near-term quarter and $6.280 for the ongoing fiscal. The market cap of Royal Caribbean Cruises Ltd. Co was recorded at $15.79B after the stock closed at $73.365 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Royal Caribbean Cruises Ltd. (NYSE:RCL) has a P/E ratio of 22.333. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Royal Caribbean Cruises Ltd. (NYSE:RCL) PEG ratio sits at 0.570. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Royal Caribbean Cruises Ltd. Co visibly illustrates that the 50-day MA of Royal Caribbean Cruises Ltd. Co is $76.580, and stock is trading -3.215 or -4.198% distant from $76.580. The 200-day MA is $81.293, and this price is $-7.928 or -9.752% off from current level. Royal Caribbean Cruises Ltd. (NYSE:RCL) 52-week high is $103.400 and the 52-week low is $64.210. This represents that if the stock moves $-30.035 points up on the chart to make a 52-week high. But, if it declines $+14.258%, then the shares price can hit a new 52-week low.

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