Detailed Review Of Prospects For Carnival Corp. Stock

At the time of writing, Carnival Corp. [CCL] stock is trading at $17.90, up 1.94%. 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 1.07% over the last week, with a monthly amount glided 7.70%, 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 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.

For the past year, the stock price of Carnival Corp. fluctuated between $10.84 and $19.74. Currently, Wall Street analysts expect the stock to reach $22.69 within the next 12 months. Carnival Corp. [NYSE: CCL] shares were valued at $17.90 at the most recent close of the market. An investor can expect a potential return of 26.76% based on the average CCL price forecast.

Analyzing the CCL fundamentals

According to Carnival Corp. [NYSE:CCL], the company’s sales were 23.44B for trailing twelve months, which represents an 17.72% jump. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.13 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.33.

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 17.56 points at the first support level, and at 17.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.17, and for the 2nd resistance point, it is at 18.45.

Ratios To Look Out For

It is important to note that Carnival Corp. [NYSE:CCL] has a current ratio of 0.25. As well, the Quick Ratio is 0.21, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 0.97, the price to book ratio is 3.33 and price to earnings (TTM) ratio is 27.47.

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.

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