Carnival Corp. [CCL] stock prices are up 1.49% to $15.01 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CCL shares have gain 6.30% over the last week, with a monthly amount drifted -12.27%, and not 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 26, 2024, when Mizuho initiated its Buy rating and assigned the stock a price target of $21. Previously, Goldman started tracking the stock with Buy rating on March 13, 2024, and set its price target to $20. On January 05, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $22 on the stock. Truist upgraded its rating to Hold for this stock on September 19, 2023, and upped its price target to $17. In a note dated September 14, 2023, Redburn Atlantic upgraded an Overweight rating on this stock but restated the target price of $23.
The stock price of Carnival Corp. [CCL] has been fluctuating between $8.70 and $19.74 over the past year. Currently, Wall Street analysts expect the stock to reach $22.17 within the next 12 months. Carnival Corp. [NYSE: CCL] shares were valued at $15.01 at the most recent close of the market. An investor can expect a potential return of 47.7% based on the average CCL price forecast.
Analyzing the CCL fundamentals
The Carnival Corp. [NYSE:CCL] reported sales of 22.57B for trailing twelve months, representing a surge of 21.98%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.62.
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 14.84 points at the first support level, and at 14.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.11, and for the 2nd resistance point, it is at 15.22.
Carnival Corp. [CCL] reported earnings per share of -$0.14 for its fiscal quarter that ended on 2/29/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.18/share, meaning a difference of $0.04 and a surprise factor of 22.20%. By comparison, the stated earnings for the previous quarter ended on 11/30/2023 were -$0.07 per share as compared to estimates of -$0.13 per share, a difference of $0.06 representing a surprise of 46.20%.
Ratios To Look Out For
It’s worth pointing out that Carnival Corp. [NYSE:CCL]’s Current Ratio is 0.36. On the other hand, the Quick Ratio is 0.32, and the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 0.84, the price to book ratio is 2.85 and price to earnings (TTM) ratio is 58.40.
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.
