Carnival Corp. (NYSE:CCL) shares traded 1.46% higher at $14.62 on Wall Street last session.
In accordance with the data, 24 analysts cover Carnival Corp. (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 $10.18, we find $16.00. Given the previous closing price of $14.41, this indicates a potential upside of 11.03 percent. CCL stock price is now 11.99% away from the 50-day moving average and 11.05% away from the 200-day moving average. The market capitalization of the company currently stands at $18.50B.
It has been rated a hold by 7 analysts and a buy by 12. Brokers who have rated the stock have averaged $17.02 as their price target over the next twelve months.
In other news, WEISENBURGER RANDALL J, Director bought 100,000 shares of the company’s stock on Oct 19. The stock was bought for $1,150,000 at an average price of $11.50. Upon completion of the transaction, the Director now directly owns 378,368 shares in the company, valued at $5.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 10, Director WEISENBURGER RANDALL J bought 350,000 shares of the business’s stock. A total of $4,544,785 was incurred on buying the stock at an average price of $12.99. This leaves the insider owning 961,238 shares of the company worth $14.05 million. Insiders disposed of 452,594 shares of company stock worth roughly $6.62 million over the past 1 year. A total of 22.29% of the company’s stock is owned by insiders.
Carnival Corp. (NYSE: CCL) opened at $14.38 on Monday. During the past 12 months, Carnival Corp. has had a low of $7.53 and a high of $19.55. As of last week, the company has a debt-to-equity ratio of 4.69, a current ratio of 0.43, and a quick ratio of 0.38. The fifty day moving average price for CCL is $13.04 and a two-hundred day moving average price translates $13.18 for the stock.
The latest earnings results from Carnival Corp. (NYSE: CCL) was released for Aug, 2023. According to the Travel Services Company, earnings per share came in at $0.86, beating analysts’ expectations of $0.75 by 0.11. This compares to -$0.63 EPS in the same period last year. The net profit margin was -8.11% and return on equity was -21.17% for CCL. The company reported revenue of $6.85 billion for the quarter, compared to $4.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 59.21 percent. For the current quarter, analysts expect CCL to generate $5.3B in revenue.
