The stock of Carnival Corporation & plc (NYSE:CCL) last traded at $15.71, down -1.19% from the previous session.
Data from the available sources indicates that Carnival Corporation & plc (NYSE:CCL) is covered by 23 analysts. 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 $18.00. Given the previous closing price of $15.90, this indicates a potential upside of 13.21 percent. CCL stock price is now -8.95% away from the 50-day moving average and 31.57% away from the 200-day moving average. The market capitalization of the company currently stands at $19.44B.
In total, 5 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $17.38 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 $4.49 million. Insiders disposed of 452,594 shares of company stock worth roughly $7.11 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 $129,590,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC invested $121,377,000 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 $86,561,000. BLACKSTONE INC. acquired a new stake in CCL for approximately $31,263,000. NATIONAL PENSION SERVICE purchased a new stake in CCL valued at around $26,764,000 in the second quarter. In total, there are 974 active investors with 50.90% ownership of the company’s stock.
With an opening price of $15.92 on Monday morning, Carnival Corporation & plc (NYSE: CCL) set off the trading day. 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 $17.25 and a two-hundred day moving average price translates $11.97 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 $6.67B 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(CCL) 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.
