Argus raised the firm’s price target on Royal Caribbean (RCL) to $280 from $250 and keeps a Buy rating on the shares. The firm cites the company having resumed dividend payments, with a quarterly dividend of $0.40 per share paid on October 11, 2024, the analyst tells investors in a research note. Argus also believes that the high cruise occupancy in Q3 at 111% suggests continued strong demand and is likely to result in stronger-than-anticipated revenue and earnings.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCL:
- Royal Caribbean price target raised to $287 from $245 at Barclays
- Royal Caribbean price target raised to $283 from $257 at Citi
- Royal Caribbean raises quarterly dividend 38% to 55c per share
- Goldman Sachs Upgrades Norwegian Cruise Line Holdings (NYSE:NCLH)
- Royal Caribbean price target raised to $275 from $245 at Goldman Sachs