The price of Carnival Corporation & plc (NYSE:CUK) shares last traded on Wall Street rose 2.92% to $16.55.
Based on available information, 23 analysts follow Carnival Corporation & plc (NYSE:CUK). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $25.00 and a low of $7.00, we find $17.00. Given the previous closing price of $16.08, this indicates a potential upside of 5.72 percent. CUK stock price is now 21.95% away from the 50-day moving average and 67.91% away from the 200-day moving average. The market capitalization of the company currently stands at $22.67B.
Among analysts, 5 rate the stock a hold while 11 rate it a buy. Brokers who have rated the stock have averaged $17.07 as their price target over the next twelve months.
In other news, Bernstein David, CFO & CAO sold 107,119 shares of the company’s stock on Feb 21. The stock was sold for $1,186,696 at an average price of $11.08. Upon completion of the transaction, the CFO & CAO now directly owns 286,041 shares in the company, valued at $4.73 million. 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 CUK stock. A new stake in Carnival Corporation & plc shares was purchased by JUMP FINANCIAL, LLC during the first quarter worth $3,457,000. Y-INTERCEPT (HONG KONG) LTD invested $483,000 in shares of CUK during the first quarter. In the first quarter, VIRTU FINANCIAL LLC acquired a new stake in Carnival Corporation & plc valued at approximately $371,000. TREXQUANT INVESTMENT LP acquired a new stake in CUK for approximately $238,000. ACADIAN ASSET MANAGEMENT LLC purchased a new stake in CUK valued at around $50,000 in the second quarter. In total, there are 92 active investors with 20.80% ownership of the company’s stock.
A candlestick chart of Carnival Corporation & plc (NYSE: CUK) showed a price of $17.07 on Thursday morning. During the past 12 months, Carnival Corporation & plc has had a low of $5.43 and a high of $17.67. As of last week, the company has a debt-to-equity ratio of 5.75, a current ratio of 0.50, and a quick ratio of 0.50. The fifty day moving average price for CUK is $13.72 and a two-hundred day moving average price translates $9.91 for the stock.
The latest earnings results from Carnival Corporation & plc (NYSE: CUK) was released for May, 2023. The net profit margin was -19.80% and return on equity was -50.50% for CUK. The company reported revenue of $4.91 billion for the quarter, compared to $2.4 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 104.54 percent. For the current quarter, analysts expect CUK to generate $20.98B 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.
Carnival Corporation & plc(CUK) Company Profile
Carnival Corporation & plc engages in the provision of leisure travel services. The company operates a fleet of more than 90 ships visit approximately 700 ports under AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, Princess Cruises, P&O Cruises (Australia), P&O Cruises (UK), and Seabourn brand names. It also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motorcoaches. The company sells its cruises primarily through travel agents, tour operators, vacation planners, and websites. It operates in the United States, Canada, Continental Europe, the United Kingdom, Australia, New Zealand, Asia, and internationally. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.
