William Blair analyst Sharon Zackfia has reiterated their bullish stance on RCL stock, giving a Buy rating today.
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Sharon Zackfia’s rating is based on the anticipation of a strong performance from Royal Caribbean in the upcoming quarter. The company is expected to achieve first-quarter net yields that exceed 5% in constant currency, which aligns with the upper range of their guidance. This expectation is driven by robust ticket pricing and increased onboard spending.
Additionally, while there is a projected 2% increase in cruise costs excluding fuel, due in part to more dry dock days, the overall earnings per share (EPS) are still expected to reach the high end of the guidance, reflecting a significant 43% increase. These positive financial trends and solid operational performance underpin Zackfia’s Buy rating for Royal Caribbean’s stock.
In another report released today, Melius Research also maintained a Buy rating on the stock with a $270.00 price target.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RCL in relation to earlier this year.