In yesterday’s Wall Street session, Carnival Corp. (NYSE:CCL) shares traded at $16.26, down -0.49% from the previous session.
CCL stock price is now 1.18% away from the 50-day moving average and 2.88% away from the 200-day moving average. The market capitalization of the company currently stands at $20.56B.
With the price target of $21, Mizuho recently initiated with Buy rating for Carnival Corp. (NYSE: CCL). On March 13, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $20, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Bernstein David, CFO & CAO sold 153,995 shares of the company’s stock on Feb 15 ’24. The stock was sold for $2,367,088 at an average price of $15.37. Upon completion of the transaction, the CFO & CAO now directly owns 181,981 shares in the company, valued at $2.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 19 ’24, CFO & CAO Bernstein David sold 34,020 shares of the business’s stock. A total of $579,891 was realized by selling the stock at an average price of $17.05. This leaves the insider owning 335,976 shares of the company worth $5.46 million. A total of 25.29% of the company’s stock is owned by insiders.
During the past 12 months, Carnival Corp. has had a low of $8.70 and a high of $19.74. As of last week, the company has a debt-to-equity ratio of 4.79, a current ratio of 0.36, and a quick ratio of 0.32. The fifty day moving average price for CCL is $16.07 and a two-hundred day moving average price translates $15.80 for the stock.
The latest earnings results from Carnival Corp. (NYSE: CCL) was released for Feb, 2024. According to the Travel Services Company, earnings per share came in at -$0.14, beating analysts’ expectations of -$0.18 by 0.04. This compares to -$0.55 EPS in the same period last year. The net profit margin was 1.79% and return on equity was 6.30% for CCL. The company reported revenue of $5.41 billion for the quarter, compared to $4.43 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.98 percent. For the current quarter, analysts expect CCL to generate $5.68B in revenue.
