In yesterday’s Wall Street session, Carnival Corporation & plc (NYSE:CCL) shares traded at $9.63, down -13.71% from the previous session.
CCL stock price is now 8.78% away from the 50-day moving average and -26.71% away from the 200-day moving average. The market capitalization of the company currently stands at $11.26B.
With the price target reduced from $13 to $7, Morgan Stanley maintained Underweight rating for Carnival Corporation & plc (NYSE: CCL). On June 29, 2022, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $14, while ‘Susquehanna’ rates the stock as ‘Neutral’.
In other news, WEISENBURGER RANDALL J, Director bought 100,000 shares of the company’s stock on May 25. The stock was bought for $1,175,500 at an average price of $11.76. Upon completion of the transaction, the Director now directly owns 870,950 shares in the company, valued at $8.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 28, President & CEO DONALD ARNOLD W sold 95,796 shares of the business’s stock. A total of $1,827,970 was realized by selling the stock at an average price of $19.08. This leaves the insider owning 366,527 shares of the company worth $3.53 million. Insiders disposed of 375,268 shares of company stock worth roughly $3.61 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CCL stock. A new stake in Carnival Corporation & plc shares was purchased by CLEAR STREET LLC during the first quarter worth $29,018,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $28,901,000 in shares of CCL during the first quarter. In the first quarter, SEGANTII CAPITAL MANAGEMENT LTD acquired a new stake in Carnival Corporation & plc valued at approximately $26,483,000. MONASHEE INVESTMENT MANAGEMENT LLC acquired a new stake in CCL for approximately $3,512,000. FIRST TRUST ADVISORS LP purchased a new stake in CCL valued at around $2,357,000 in the second quarter.
On Wednesday morning Carnival Corporation & plc (NYSE: CCL) stock kicked off with the opening price of $9.78. During the past 12 months, Carnival Corporation & plc has had a low of $6.11 and a high of $23.86. As of last week, the company has a debt-to-equity ratio of 4.07, a current ratio of 0.70, and a quick ratio of 0.60.
According to the Travel Services Company, earnings per share came in at -$0.57, missing analysts’ expectations of -$0.13 by -0.44. This compares to -$2.50 EPS in the same period last year. The net profit margin was -74.00% and return on equity was -72.80% for CCL. The company reported revenue of $4.3 billion for the quarter, compared to $546.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 688.46 percent. For the current quarter, analysts expect CCL to generate $4.19B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/13/2020. Investors who held shares on 02/21/2020 were paid a $0.50 dividend.