William Blair analyst Sharon Zackfia has maintained their bullish stance on RCL stock, giving a Buy rating on April 23.
Sharon Zackfia’s rating is based on Royal Caribbean’s impressive performance in the first quarter, which exceeded expectations on both revenue and profit margins. The company benefited from increased pricing on key products, driven by strong demand close to departure dates, and managed to keep net cruise costs lower than anticipated, excluding fuel expenses.
Furthermore, the constant-currency net yields saw a significant increase, surpassing the upper range of the company’s guidance. These positive financial indicators, coupled with the company’s ability to manage costs effectively, contribute to a favorable outlook, justifying the Buy rating.
In another report released on April 23, Goldman Sachs also maintained a Buy rating on the stock with a $245.00 price target.
Based on the recent corporate insider activity of 50 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.