A share price of Carnival Corp. [CCL] is currently trading at $22.10, up 0.82%. 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 3.03% over the last week, with a monthly amount glided 19.59%, 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.
Carnival Corp. experienced fluctuations in its stock price throughout the past year between $11.10 and $22.39. Currently, Wall Street analysts expect the stock to reach $23.09 within the next 12 months. Carnival Corp. [NYSE: CCL] shares were valued at $22.10 at the most recent close of the market. An investor can expect a potential return of 4.48% based on the average CCL price forecast.
Analyzing the CCL fundamentals
Trailing Twelve Months sales for Carnival Corp. [NYSE:CCL] were 24.48B which represents 15.20% growth. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.22 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.52.
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 21.57 points at the first support level, and at 21.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.49, and for the 2nd resistance point, it is at 22.88.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Carnival Corp. [NYSE:CCL] is 0.27. As well, the Quick Ratio is 0.23, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 1.14, the price to book ratio is 3.26 and price to earnings (TTM) ratio is 19.68.
Transactions by insiders
Recent insider trading involved BAND SIR JONATHON, Director, that happened on Oct 29 ’24 when 17500.0 shares were purchased. CFO & CAO, Bernstein David completed a deal on Feb 15 ’24 to sell 0.15 million shares. Meanwhile, CFO & CAO Bernstein David sold 34020.0 shares on Jan 19 ’24.
