Stocks of Carnival Corp (NYSE:CCL) traded higher last session on Wall Street, down -4.58% to $25.39.
CCL stock price is now 12.24% away from the 50-day moving average and 42.61% away from the 200-day moving average. The market capitalization of the company currently stands at $31.99B.
With the price target of $26, Bernstein recently initiated with Mkt Perform rating for Carnival Corp (NYSE: CCL). On March 26, 2024, Mizuho recently initiated its ‘Buy’ rating on the stock quoting a target price of $21, while ‘Goldman’ rates the stock as ‘Buy’
In other news, BAND SIR JONATHON, Director sold 17,500 shares of the company’s stock on Oct 29 ’24. The stock was sold for $380,100 at an average price of $21.72. Upon completion of the transaction, the Director now directly owns 65,789 shares in the company, valued at $1.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 29 ’24, Director BAND SIR JONATHON bought 17,500 shares of the business’s stock. A total of $365,925 was incurred on buying the stock at an average price of $20.91. A total of 21.23% of the company’s stock is owned by insiders.
During the past 12 months, Carnival Corp has had a low of $13.78 and a high of $27.17. As of last week, the company has a debt-to-equity ratio of 3.52, a current ratio of 0.27, and a quick ratio of 0.23. The fifty day moving average price for CCL is $22.4848 and a two-hundred day moving average price translates $17.75315 for the stock.
The latest earnings results from Carnival Corp (NYSE: CCL) was released for 2024-08-31. The net profit margin was 6.39% and return on equity was 20.12% for CCL. The company reported revenue of $7.9 billion for the quarter, compared to $6.85 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.2 percent.
