Royal Caribbean (RCL)

• Market cap: $62.3B
• 1 day: 0.12%
• 5 days: -0.96%
• 1 month: 15.91%
• 3 months: 43.57%
• 6 months: 56.91%
• Year to date: 92.91%
• 1 year: 119.03%
• 5 years: 95.74%
• 10 years: 231.94%
• Sector: Industrials
• Industry: Water Transportation

About: Royal Caribbean is the world's second-largest cruise company, operating 68 ships across five global and partner brands in the cruise vacation industry. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in 2021.

Employees: 98,200

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

13% more first-time investments, than exits

New positions opened: 127 | Existing positions closed: 112

7% more capital invested

Capital invested by funds: $34.2B [Q2] → $36.6B (+$2.41B) [Q3]

2% more funds holding

Funds holding: 898 [Q2] → 913 (+15) [Q3]

0% more repeat investments, than reductions

Existing positions increased: 318 | Existing positions reduced: 318

3.06% less ownership

Funds ownership: 83.27% [Q2] → 80.21% (-3.06%) [Q3]

20% less call options, than puts

Call options by funds: $1.83B | Put options by funds: $2.29B

21% less funds holding in top 10

Funds holding in top 10: 14 [Q2] → 11 (-3) [Q3]

Research analyst outlook

14 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $204 12% downside
• Avg. target: $238 3% upside
• High target: $270 16% upside

14 analyst ratings

• positive: 12 86%
• neutral: 2 14%
• negative: 0 0%

B of A Securities Andrew Didora 73% 1-year accuracy 11 / 15 met price target	4% upside $240	Neutral Maintained	13 Nov 2024
Tigress Financial Ivan Feinseth 77% 1-year accuracy 49 / 64 met price target	17% upside $270	Buy Maintained	7 Nov 2024
Macquarie Paul Golding 88% 1-year accuracy 30 / 34 met price target	8% upside $250	Outperform Maintained	30 Oct 2024
Wells Fargo Daniel Politzer 65% 1-year accuracy 32 / 49 met price target	0% upside $232	Overweight Maintained	30 Oct 2024
Citigroup James Hardiman 73% 1-year accuracy 16 / 22 met price target	11% upside $257	Buy Maintained	30 Oct 2024