Movement Alert|Royal Caribbean Cruises Rises 3.15% in Regular Trading, BMO Capital Initiates Coverage with $370 Target Price Amid Q2 Earnings Anticipation

Market Focus07-15 22:32

On July 15, Royal Caribbean Cruises rose 3.15% in regular trading, trading at $292.65/share, with turnover of $91.06 million.

On the news front, BMO Capital recently initiated coverage on Royal Caribbean Cruises with a target price of $370, implying approximately 27% upside from the current stock price, continuing to boost market sentiment. Additionally, the company is scheduled to release its second-quarter earnings report before market open on July 28, with consensus EPS expectations of $3.92, exceeding the first-quarter actual EPS of $3.60. Optimistic pre-earnings expectations are driving capital to position ahead of the report.

Within the Hotels, Resorts & Cruise Lines sector, peers moved in tandem. Booking Holdings rose 2.38%, Carnival gained 2.17%, Airbnb climbed 2.43%, Marriott advanced 1.51%, and Hilton added 0.71%, reflecting broad strength across the travel and leisure space.

(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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