Carnival Corp. [CCL] stock prices are up 0.18% to $17.11 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CCL shares have gain 5.68% over the last week, with a monthly amount glided 12.34%, 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 March 13, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $20. Previously, Wells Fargo upgraded its rating to Overweight on January 05, 2024, and kept the price target unchanged to $22. Truist upgraded its rating to a Hold and raised its price target to $17 on September 19, 2023. Redburn Atlantic upgraded its rating to Overweight for this stock on September 14, 2023, but kept the price target unchanged to $23. In a note dated July 18, 2023, Argus upgraded an Buy rating on this stock but restated the target price of $21.
The stock price of Carnival Corp. [CCL] has been fluctuating between $8.68 and $19.74 over the past year. Currently, Wall Street analysts expect the stock to reach $22.33 within the next 12 months. Carnival Corp. [NYSE: CCL] shares were valued at $17.11 at the most recent close of the market. An investor can expect a potential return of 30.51% based on the average CCL price forecast.
Analyzing the CCL fundamentals
The Carnival Corp. [NYSE:CCL] reported sales of 21.59B for trailing twelve months, representing a surge of 40.58%. 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 16.91 points at the first support level, and at 16.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.49, and for the 2nd resistance point, it is at 17.87.
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’s worth pointing out that Carnival Corp. [NYSE:CCL]’s Current Ratio is 0.43. As well, the Quick Ratio is 0.39, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 3.14.
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.
