In yesterday’s Wall Street session, Carnival Corporation & plc (NYSE:CCL) shares traded at $16.83, up 0.24% from the previous session.
As of this writing, 23 analysts cover Carnival Corporation & plc (NYSE:CCL). 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 $16.79, this indicates a potential upside of 1.25 percent. CCL stock price is now 0.65% away from the 50-day moving average and 45.33% away from the 200-day moving average. The market capitalization of the company currently stands at $21.79B.
There are 5 analysts who have given it a hold rating, whereas 11 have given it a buy rating. Brokers who have rated the stock have averaged $17.07 as their price target over the next twelve months.
With the price target maintained at $21, Argus recently Upgraded its rating from Hold to Buy for Carnival Corporation & plc (NYSE: CCL).
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 $4.81 million. Insiders disposed of 452,594 shares of company stock worth roughly $7.62 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 D. E. SHAW & CO., INC. during the first quarter worth $138,828,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $130,031,000 in shares of CCL during the first quarter. In the first quarter, CANDLESTICK CAPITAL MANAGEMENT LP acquired a new stake in Carnival Corporation & plc valued at approximately $92,733,000. BLACKSTONE INC. acquired a new stake in CCL for approximately $33,492,000. CLOUGH CAPITAL PARTNERS L P purchased a new stake in CCL valued at around $22,551,000 in the second quarter.
Monday morning saw Carnival Corporation & plc (NYSE: CCL) opened at $16.60. During the past 12 months, Carnival Corporation & plc has had a low of $6.11 and a high of $19.55. 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 CCL is $16.82 and a two-hundred day moving average price translates $11.62 for the stock.
The latest earnings results from Carnival Corporation & plc (NYSE: CCL) was released for May, 2023. According to the Travel Services Company, earnings per share came in at -$0.31, beating analysts’ expectations of -$0.34 by 0.03. This compares to -$1.61 EPS in the same period last year. The net profit margin was -19.80% and return on equity was -50.50% for CCL. 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 CCL to generate $6.66B 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.
