Two Wall Street analysts just upgraded Royal Caribbean after a brutal selloff, but the bear case involves Caribbean crowding, a surprise resort acquisition, and oil prices that could invalidate the entire thesis.
Royal Caribbean Cruises Ltd (NYSE:RCL) has gone on sale, according to Bank of America, which upgraded the stock to Buy from Neutral after a 26% share decline. The pullback has left the shares at a 2027 estimated EV/EBITDA multiple of under 10x, compared with a recent average of about 12x.
Royal Caribbean plans to take a 50% stake in Sandals, a move that gives the cruise line access to wealthier customers.
Royal Caribbean Cruises Ltd (NYSE:RCL) has agreed to acquire a 50% stake in Sandals and Beaches Resorts for approximately $3 billion, expanding the cruise operator into the all-inclusive resort market. The partnership will combine Sandals and Beaches Resorts' all-inclusive resort expertise with Royal Caribbean Group's vacation platform, including its cruise brands and private destinations.
Royal Caribbean Group (NYSE:RCL | RCL Price Prediction) shares are sliding in Wednesday morning trading after the cruise operator confirmed overnight that it has signed an agreement to buy a stake in Sandals and Beaches Resorts.
Royal Caribbean is buying a 50% stake in Sandals Resorts, with the deal expected to close early 2027.
Here are five key things investors need to know to start the trading day.
Zacks.com users have recently been watching Royal Caribbean (RCL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Royal Caribbean (RCL) reached $248.77 at the closing of the latest trading day, reflecting a -2.57% change compared to its last close.
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
In the latest trading session, Royal Caribbean (RCL) closed at $259.38, marking a -1.94% move from the previous day.