Morgan Stanley analyst Jamie Rollo maintained a Hold rating on Royal Caribbean today and set a price target of $300.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Jamie Rollo has given his Hold rating due to a combination of factors including Royal Caribbean’s recent financial performance and future outlook. The company’s third-quarter earnings per share were slightly below Morgan Stanley’s estimates but exceeded consensus and guidance figures, indicating some positive aspects in their financial management. However, the net revenue yields were weaker than expected, which could be a concern for future growth.
Additionally, while the company has shown strong cost management, resulting in better-than-expected earnings, the anticipated earnings per share for the next year are projected to be below consensus expectations. This suggests that while the company is managing costs effectively, there may be challenges in driving revenue growth. The booking commentary indicates strong future rates, but the overall yield momentum appears weaker, leading to a cautious outlook and a Hold rating from Jamie Rollo.
According to TipRanks, Rollo is an analyst with an average return of -0.2% and a 51.90% success rate. Rollo covers the Consumer Cyclical sector, focusing on stocks such as InterContinental Hotels, Compass, and Whitbread.
In another report released today, Jefferies also maintained a Hold rating on the stock with a $317.00 price target.