Latest news with #LizzieDove
Business Insider
11 hours ago
- Business
- Business Insider
Goldman Sachs Sticks to Their Buy Rating for Carnival (CCL)
In a report released today, Lizzie Dove from Goldman Sachs maintained a Buy rating on Carnival (CCL – Research Report), with a price target of $31.00. The company's shares closed today at $23.28. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Dove is a 3-star analyst with an average return of 3.5% and a 61.22% success rate. Dove covers the Consumer Cyclical sector, focusing on stocks such as Royal Caribbean, Carnival, and Marriott Vacations Worldwide Corporation. In addition to Goldman Sachs, Carnival also received a Buy from Barclays's Brandt Montour in a report issued today. However, on June 13, Morgan Stanley maintained a Hold rating on Carnival (NYSE: CCL). The company has a one-year high of $28.72 and a one-year low of $13.78. Currently, Carnival has an average volume of 25.06M. Based on the recent corporate insider activity of 29 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 CCL in relation to earlier this year. Last month, David Bernstein, the CFO & CAO of CCL sold 105,010.00 shares for a total of $2,398,428.40.
Yahoo
16-04-2025
- Business
- Yahoo
Goldman Sachs Cuts Outlook For These Hotel And Lodging Stocks As Potential Recession Looms
Goldman Sachs analyst Lizzie Dove downgraded the outlook for U.S. Lodging C-Corps and Timeshares due to weaker consumer demand, geopolitical uncertainty, and negative impacts from U.S. airlines. As a result, 2025 RevPAR forecasts are being lowered by approximately 125 basis points. Key challenges include a decline in Canadian tourism and reduced government travel, which are expected to impact U.S. RevPAR negatively. Although a recession scenario isn't fully factored in, a 45% probability of a U.S. recession is assumed. The focus is on asset-light companies with global exposure and less reliance on U.S. resorts, as the decline in IMF and non-RevPAR fees has yet to be priced in, said the analyst. Also Read: In a choppier macro environment, the preference is for stocks with more global diversity, lower U.S. resort exposure, asset-light business models, and stronger prospects for non-RevPAR and ancillary revenues. Historical context shows that lodging revenue growth has been cyclical, with significant downturns during previous recessions, where business demand impacts leisure travel first, and premium chains see larger RevPAR declines than economy chains, the analyst opined. Hotel C-Corps have shifted to asset-light, fee-based business models in the past decade, which have shown resilience during downturns, as franchise revenues tend to fare better than owned/leased or timeshare revenues. Incentive management fees (IMFs) are highly volatile, with U.S. IMF contracts more binary, impacting US properties more than international ones. While consumer pressures in a downturn could impact credit card fees, supply growth for 2025 is unlikely to be threatened. However, the outlook for 2026 and beyond could face risks due to rising construction costs and economic uncertainty. The analyst upgraded the shares of Choice Hotels International Inc (NYSE:CHH) from Sell to Buy and lowered the price forecast from $141 to $138. The upgrade was done due to its defensive position, primarily driven by its franchise revenue structure and strong balance sheet, which makes it more resilient amid economic uncertainty. CHH is less affected by the current macroeconomic challenges compared to other US lodging companies, with most of its customers originating from the US, and minimal exposure to international tourism, particularly from Canada. Recent data shows improving trends for CHH, with steady consumer purchase intent and better performance, especially among lower-income customer segments, despite broader concerns about consumer confidence. The analyst downgraded the shares of Hyatt Hotels Corporation (NYSE:H) from Neutral to Sell and lowered the price forecast from $150.00 to $110.00. Hyatt displays higher macro sensitivity, driven by factors such as a larger share of management contracts, significant exposure to China, and a more limited pipeline for in-construction growth. Despite Hyatt's shift to a more asset-light model, it remains more exposed to macro-sensitive segments compared to peers, including a higher percentage of managed footprint, IMF fees, and exposure to the Chinese market, said the analyst. The analyst downgraded Hilton Worldwide Holdings (NYSE:HLT) stock from Buy to Neutral and lowered the price forecast from $296 to $235. The analyst also downgraded the shares of Marriott International Inc (NASDAQ:MAR) from Buy to Neutral and lowered the price forecast from $313.00 to $245.00. Hilton Worldwide and Marriott International are downgraded due to macro volatility and consumer pressures, which are expected to negatively impact macro-sensitive segments like IMF, credit card revenues, and owned & leased properties. Both companies have strong business models with resilient balance sheets, but their valuations remain high compared to historical cycles (2016-2019), and consensus estimates, especially for IMF and non-RevPAR fees, are considered too optimistic. Since their inclusion in the Buy list in September 2024, both MAR and HLT stocks have underperformed, with recent negative signals about consumer health and travel impacting their performance relative to the S&P 500. Read Next:Photo via Shutterstock Date Firm Action From To Feb 2022 Wells Fargo Maintains Equal-Weight Feb 2022 Macquarie Maintains Neutral Feb 2022 Raymond James Maintains Outperform View More Analyst Ratings for HLT View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? HILTON WORLDWIDE HOLDINGS (HLT): Free Stock Analysis Report MARRIOTT INTERNATIONAL (MAR): Free Stock Analysis Report CHOICE HOTELS INTL (CHH): Free Stock Analysis Report HYATT HOTELS (H): Free Stock Analysis Report This article Goldman Sachs Cuts Outlook For These Hotel And Lodging Stocks As Potential Recession Looms originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
14-03-2025
- Business
- Yahoo
Viking Holdings' 2025 Nearly Sold Out, But Goldman Sachs Seeks More Pricing Clarity For 2026
Goldman Sachs analyst Lizzie Dove reiterated a Neutral rating on the shares of Viking Holdings Ltd (NYSE:VIK) and raised the price forecast from $49.00 to $51.00. VIK experienced a slight slowdown in bookings during February, following a strong fourth-quarter performance and record bookings in January. Despite this, the company is 88% booked for 2025, with inventory for the year almost sold out. While February's softness may reflect a pull-forward in spending during the holiday season, the luxury market exposure provides protection in case of a prolonged consumer slowdown. Overall, VIK's strong booking visibility and high-end clientele offer a buffer, and pricing is expected to align with projections for 2025/2026. Also Read: As of now, 88% of 2025 capacity is sold with a 7% year-over-year pricing growth, maintaining the same pace as the previous quarter. VIK's fourth-quarter vessel operating costs, excluding fuel, increased by 0.4% year-over-year, driven by higher capacity days from an extended river season, which provided fixed cost leverage. While similar cost management may not continue in 2025, some cost leverage from SG&A is expected, assuming the consumer environment doesn't worsen, said the analyst. Over 90% of VIK's revenues come from ticket sales, reducing reliance on more volatile onboard spending and 2026 shows growth both in volume and pricing. In short, VIK maintains strong visibility into future trends, and the extended booking curve offers more flexibility in navigating the uncertain macro conditions. The analyst continues to favor VIK's exposure but will remain cautious until more evidence of 2026 pricing surfaces, which is expected to come up in the next quarter. Price Action: VIK shares are trading higher by 1.86% at $40.90 at last check Wednesday. Read Next:Photo via Shutterstock. Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Viking Holdings' 2025 Nearly Sold Out, But Goldman Sachs Seeks More Pricing Clarity For 2026 originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
07-03-2025
- Business
- Yahoo
Royal Caribbean To Benefit From Industry Tailwinds Along With Unique Structural Factors, Says Analyst
Goldman Sachs analyst Lizzie Dove reiterated a Buy rating on the shares of Royal Caribbean Cruises Ltd (NYSE:RCL) with a price forecast of $305.00. In its recent investor day, the management has set a target of a 20% compound annual growth rate (CAGR) in earnings per share through 2027, forecasting $20.50 compared to the consensus estimate of $19.90. Looking ahead, Royal Caribbean anticipates 1-1.5 percentage points of like-for-like yield growth, plus another 1-1.5 percentage points from new ships, which could rise in favorable market conditions, along with gains from investments in private islands. Crucially, Royal Caribbean isn't noticing any shifts in consumer behavior, and strong trends are visible from real-time spending data on the ships, supported by the value gap compared to land-based vacations, noted the analyst. In addition to the broader industry tailwinds benefiting the cruise sector, management highlighted several unique and structural factors driving yield growth, including the introduction of a new ship every year, which is expected to generate strong pricing premiums and opening a new private beach club or island each year through 2028. Also Read: Royal Caribbean did not introduce a new capital return program but stated it would be opportunistic with share buybacks and maintain a competitive dividend. Royal Caribbean sees a significant opportunity to grow its market share, noting that cruises have increased their share of the vacation market by 80s, with RCL gaining over 100 basis points. Currently, only about 5% of the U.S. population cruises, compared to higher market penetration rates for destinations like Las Vegas (35%) and Orlando (18%), indicating room for growth in the cruise industry. Management identified key drivers for market share growth, including 57 million retirees by 2027, 130 million 'peak family' members who typically travel 3-4 times a year, and 88 million 'next-generation cruisers,' with 72% planning to travel and spending an average of $3,500 annually. Royal Caribbean's long-term targets slightly exceeded Street expectations for around $20 EPS, though a 2025 guidance raise did not materialize. Despite this, both near-term and long-term outlooks were positive, highlighting strong growth potential and positioning Royal Caribbean to capture a larger share of the vacation market, concluded the analyst. Price Action: RCL shares are trading higher by 0.23% at $227.40 at last check Wednesday. Read Next:Photo via Shutterstock. Date Firm Action From To Feb 2022 Morgan Stanley Maintains Underweight Feb 2022 Stifel Maintains Buy Dec 2021 Berenberg Upgrades Sell Hold View More Analyst Ratings for RCL View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? ROYAL CARIBBEAN GR (RCL): Free Stock Analysis Report This article Royal Caribbean To Benefit From Industry Tailwinds Along With Unique Structural Factors, Says Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
