At the time of writing, Carnival Corp. [CCL] stock is trading at $16.01, up 0.76%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CCL shares have gain 3.49% over the last week, with a monthly amount glided 1.14%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Carnival Corp. [NYSE: CCL] stock has seen the most recent analyst activity on January 05, 2024, when Wells Fargo upgraded its rating to a Overweight but kept the price target unchanged to $22 for it. Truist upgraded its rating to a Hold and increased its price target to $17 on September 19, 2023. Redburn Atlantic upgraded its rating to a Overweight but $23 remained the price target by the analyst firm on September 14, 2023. Argus upgraded its rating to Buy for this stock on July 18, 2023, but kept the price target unchanged to $21. In a note dated June 30, 2023, Jefferies upgraded an Buy rating on this stock and boosted its target price from $9 to $25.
For the past year, the stock price of Carnival Corp. fluctuated between $8.37 and $19.74. Currently, Wall Street analysts expect the stock to reach $21.33 within the next 12 months. Carnival Corp. [NYSE: CCL] shares were valued at $16.01 at the most recent close of the market. An investor can expect a potential return of 33.23% based on the average CCL price forecast.
Analyzing the CCL fundamentals
According to Carnival Corp. [NYSE:CCL], the company’s sales were 21.59B for trailing twelve months, which represents an 40.58% jump. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.63.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.82 points at the first support level, and at 15.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.27, and for the 2nd resistance point, it is at 16.52.
Carnival Corp. [CCL] reported earnings per share of -$0.07 for its fiscal quarter that ended on 11/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.13/share, meaning a difference of $0.06 and a surprise factor of 46.20%. By comparison, the stated earnings for the previous quarter ended on 8/30/2023 were $0.86 per share as compared to estimates of $0.75 per share, a difference of $0.11 representing a surprise of 14.70%.
Ratios To Look Out For
It is important to note that Carnival Corp. [NYSE:CCL] has a current ratio of 0.43. In addition, the Quick Ratio stands at 0.39 and the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 0.94, the price to book ratio is 2.94.
Transactions by insiders
Recent insider trading involved Bernstein David, CFO & CAO, that happened on Feb 15 ’24 when 0.15 million shares were sold. CFO & CAO, Bernstein David completed a deal on Jan 19 ’24 to sell 34020.0 shares. Meanwhile, Director WEISENBURGER RANDALL J bought 100000.0 shares on Oct 19 ’23.
