On July 13, Royal Caribbean rose 3.19% in regular trading, trading at $297.3/share, with turnover of $136 million. The move was driven by continued bullish sentiment following BMO Capital's initiation of coverage with a $370 price target, implying approximately 25% upside from current levels.
Additionally, the company is scheduled to report Q2 earnings on July 28 before market open, with consensus EPS expectations of $3.92, above the $3.60 actual EPS delivered in Q1. Market participants appear to be positioning ahead of the report, anticipating continued strong demand trends. The full-year adjusted EPS guidance of $17.10-$17.50, issued alongside Q1 results, had already exceeded FactSet estimates at the time.
Within the Hotels, Resorts & Cruise Lines sector, peer Carnival rose 1.64% on the same session, while non-cruise names lagged, with Booking Holdings down 0.58%, Hilton down 0.67%, Marriott down 0.58%, and Airbnb down 1.83%, underscoring relative strength in the cruise subsector.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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