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Carnival Corp. (NYSE: CCL) closed the day trading at $18.76 up 2.18% from the previous closing price of $18.36. In other words, the price has increased by $2.18 from its previous closing price. On the day, 25.82 million shares were traded. CCL stock price reached its highest trading level at $18.99 during the session, while it also had its lowest trading level at $18.62.
Ratios:
For a better understanding of CCL, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.91. For the most recent quarter (mrq), Quick Ratio is recorded 0.21 and its Current Ratio is at 0.25. In the meantime, Its Debt-to-Equity ratio is 4.50 whereas as Long-Term Debt/Eq ratio is at 4.16.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 24054073344 and an Enterprise Value of 52805246976. As of this moment, Carnival’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.79, and their Forward P/E ratio for the next fiscal year is 11.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.01 while its Price-to-Book (P/B) ratio in mrq is 3.49. Its current Enterprise Value per Revenue stands at 2.253 whereas that against EBITDA is 10.022.
Stock Price History:
Over the past 52 weeks, CCL has reached a high of $19.74, while it has fallen to a 52-week low of $10.84. The 50-Day Moving Average of the stock is 13.13%, while the 200-Day Moving Average is calculated to be 15.04%.
Shares Statistics:
Over the past 3-months, CCL traded about 27.99M shares per day on average, while over the past 10 days, CCL traded about 25573700 shares per day. A total of 1.12B shares are outstanding, with a floating share count of 998.28M. Insiders hold about 21.23% of the company’s shares, while institutions hold 55.67% stake in the company. Shares short for CCL as of 1724976000 were 84637714 with a Short Ratio of 3.02, compared to 1722384000 on 82401619. Therefore, it implies a Short% of Shares Outstanding of 84637714 and a Short% of Float of 9.54.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.21.
Earnings Estimates
The stock of Carnival Corp. (CCL) is currently drawing attention from 17.0 analysts actively involved in the ongoing evaluation and rating process.The consensus estimate for the next quarter is $0.06, with high estimates of $0.11 and low estimates of -$0.01.
Analysts are recommending an EPS of between $1.32 and $1.1 for the fiscal current year, implying an average EPS of $1.2. EPS for the following year is $1.56, with 22.0 analysts recommending between $1.69 and $1.38.
Revenue Estimates
For the next quarter, 16 analysts are estimating revenue of $5.88B. There is a high estimate of $6.02B for the next quarter, whereas the lowest estimate is $5.78B.
A total of 21 analysts have provided revenue estimates for CCL’s current fiscal year. The highest revenue estimate was $25.15B, while the lowest revenue estimate was $24.62B, resulting in an average revenue estimate of $24.87B. In the same quarter a year ago, actual revenue was $21.59BBased on 21 analysts’ estimates, the company’s revenue will be $26.02B in the next fiscal year. The high estimate is $26.92B and the low estimate is $25.21B.
