Is Royal Caribbean stock worth buying?
Is Royal Caribbean stock worth buying? The highest analyst price target is $139.00 ,the lowest forecast is $98.00. The average price target represents 29.45% Increase from the current price of $96.21. What do analysts say about Royal Caribbean? Royal Caribbean's analyst rating consensus is a Moderate Buy.
Why is Royal Caribbean stock so high?
Royal Caribbean's stock has doubled this year as cruise ticket sales have risen to and above pre-COVID levels.
Is Royal Caribbean in debt?
Total debt on the balance sheet as of September 2023 : $20.56 B. According to Royal Caribbean's latest financial reports the company's total debt is $20.56 B.
Does Royal Caribbean stock pay dividends?
Royal Caribbean (RCL) does not pay a dividend.
Is Royal Caribbean stock a good buy?
Based on analyst ratings, Royal Caribbean's 12-month average price target is $124.54. Royal Caribbean has 26.67% upside potential, based on the analysts' average price target. Royal Caribbean has a conensus rating of Moderate Buy which is based on 9 buy ratings, 4 hold ratings and 0 sell ratings.
What is the target price for CCL 2023?
Carnival Stock Price Forecast 2023-2024 The forecasted Carnival price at the end of 2023 is $17.88 - and the year to year change +66%. The rise from today to year-end: +17%.
What is going on with cruise stocks?
Despite pulling back from 2023 highs in July, Royal Caribbean and Carnival are still among the top performers in the S&P 500 this year. Royal Caribbean stock soared nearly 86% in 2023 while CCL stock spiked roughly 70%. Norwegian Cruise Line shares tumbled nearly 23% this quarter but are up 34% in 2023.
Will cruise stocks recover in 2023?
Market pros have also been inching their price targets higher for Royal Caribbean and Norwegian. It's not a surprise. The revenge travel surge that helped lift most travel and tourism stocks in 2021 and 2022 is finally coming around to raise the water for cruise line stocks in 2023.
Is Royal Caribbean dividend suspended?
Royal Caribbean restricted on dividends, buybacks until Q3 2022. Feb 18 (Reuters) - Royal Caribbean Cruises Ltd said on Thursday it has been restricted from paying cash dividends and buying back shares until the third quarter of 2022, as part of modifications to covenants of certain loan agreements.