Stocks of Carnival Corp (NYSE:CCL) traded higher last session on Wall Street, down -0.12% to $25.05.
CCL stock price is now 2.72% away from the 50-day moving average and 35.49% away from the 200-day moving average. The market capitalization of the company currently stands at $30.69B.
With the price target enhanced from $32 to $34, Stifel maintained Buy rating for Carnival Corp (NYSE: CCL). On December 23, 2024, Citigroup reiterated its ‘Buy’ rating on the stock by increasing its target price from $30 to quote $31, while ‘Barclays’ rates the stock as ‘Overweight’
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 $1.65 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 3.12, a current ratio of 0.29, and a quick ratio of 0.25. The fifty day moving average price for CCL is $24.3862 and a two-hundred day moving average price translates $18.48855 for the stock.
The latest earnings results from Carnival Corp (NYSE: CCL) was released for 2024-08-31. The net profit margin was 7.66% and return on equity was 23.75% 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.
