In yesterday’s Wall Street session, Carnival Corp. (NYSE:CCL) shares traded at $16.35, up 3.74% from the previous session.
As of this writing, 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 $15.76, this indicates a potential upside of 1.52 percent. CCL stock price is now 25.13% away from the 50-day moving average and 23.42% away from the 200-day moving average. The market capitalization of the company currently stands at $20.69B.
There are 6 analysts who have given it a hold rating, whereas 13 have given it a buy rating. Brokers who have rated the stock have averaged $17.08 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 $6.19 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 $15.72 million. Insiders disposed of 452,594 shares of company stock worth roughly $7.4 million over the past 1 year. A total of 22.29% of the company’s stock is owned by insiders.
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 $13.07 and a two-hundred day moving average price translates $13.25 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.
Carnival Corp.(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.
