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In the latest session, Carnival Corp. (NYSE: CCL) closed at $14.12 up 1.58% from its previous closing price of $13.90. In other words, the price has increased by $1.58 from its previous closing price. On the day, 21.9 million shares were traded. CCL stock price reached its highest trading level at $14.3 during the session, while it also had its lowest trading level at $14.01.
Ratios:
For a deeper understanding of Carnival Corp.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.60. For the most recent quarter (mrq), Quick Ratio is recorded 0.32 and its Current Ratio is at 0.36. In the meantime, Its Debt-to-Equity ratio is 4.79 whereas as Long-Term Debt/Eq ratio is at 4.44.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Mizuho on March 26, 2024, initiated with a Buy rating and assigned the stock a target price of $21.
On March 13, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $20.
Wells Fargo Upgraded its Equal Weight to Overweight on January 05, 2024, while the target price for the stock was maintained at $22.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 15 ’24 when Bernstein David sold 153,995 shares for $15.37 per share. The transaction valued at 2,367,088 led to the insider holds 181,981 shares of the business.
Bernstein David sold 34,020 shares of CCL for $579,891 on Jan 19 ’24. The CFO & CAO now owns 335,976 shares after completing the transaction at $17.05 per share. On Oct 19 ’23, another insider, WEISENBURGER RANDALL J, who serves as the Director of the company, bought 100,000 shares for $11.50 each. As a result, the insider paid 1,150,000 and bolstered with 378,368 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CCL now has a Market Capitalization of 18497200128 and an Enterprise Value of 47706501120. As of this moment, Carnival’s Price-to-Earnings (P/E) ratio for their current fiscal year is 54.94, and their Forward P/E ratio for the next fiscal year is 9.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.79 while its Price-to-Book (P/B) ratio in mrq is 2.68. Its current Enterprise Value per Revenue stands at 2.114 whereas that against EBITDA is 9.955.
Stock Price History:
The Beta on a monthly basis for CCL is 2.56, which has changed by 0.5133977 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, CCL has reached a high of $19.74, while it has fallen to a 52-week low of $8.70. The 50-Day Moving Average of the stock is -10.12%, while the 200-Day Moving Average is calculated to be -10.36%.
Shares Statistics:
For the past three months, CCL has traded an average of 32.96M shares per day and 29171530 over the past ten days. A total of 1.12B shares are outstanding, with a floating share count of 947.00M. Insiders hold about 25.26% of the company’s shares, while institutions hold 49.25% stake in the company. Shares short for CCL as of 1711584000 were 96083565 with a Short Ratio of 2.92, compared to 1709164800 on 94546231. Therefore, it implies a Short% of Shares Outstanding of 96083565 and a Short% of Float of 10.83.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.21.
Earnings Estimates
Currently, 17 analysts are dedicated to thoroughly evaluating and rating the performance of Carnival Corp. (CCL) in the stock market.On average, analysts expect EPS of -$0.02 for the current quarter, with a high estimate of $0.05 and a low estimate of -$0.03, while EPS last year was -$0.31. The consensus estimate for the next quarter is $1.1, with high estimates of $1.19 and low estimates of $0.99.
Analysts are recommending an EPS of between $1.2 and $0.9 for the fiscal current year, implying an average EPS of $1.01. EPS for the following year is $1.42, with 21 analysts recommending between $1.67 and $1.2.
Revenue Estimates
A total of 17 analysts have provided revenue estimates for CCL’s current fiscal year. The highest revenue estimate was $24.96B, while the lowest revenue estimate was $24B, resulting in an average revenue estimate of $24.56B. In the same quarter a year ago, actual revenue was $21.59B, up 13.70% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $25.89B in the next fiscal year. The high estimate is $26.84B and the low estimate is $25.1B. The average revenue growth estimate for next year is up 5.40% from the average revenue estimate for this year.
