Bernstein Sticks to Their Buy Rating for Royal Caribbean (RCL)
Bernstein analyst Richard Clarke maintained a Buy rating on Royal Caribbean yesterday and set a price target of $380.00. The company’s shares closed yesterday at $328.65.
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According to TipRanks, Clarke is a 4-star analyst with an average return of 5.2% and a 57.40% success rate. Clarke covers the Consumer Cyclical sector, focusing on stocks such as Carnival, Hyatt Hotels, and Royal Caribbean.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Royal Caribbean with a $366.15 average price target, an 11.41% upside from current levels. In a report released on February 2, J.P. Morgan also maintained a Buy rating on the stock with a $371.00 price target.
Based on Royal Caribbean’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.26 billion and a net profit of $754 million. In comparison, last year the company earned a revenue of $3.76 billion and had a net profit of $552 million
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