Thursday, October 29, 2020

Berenberg slashes price target on Carnival Corporation & Plc [CUK] – find out why.

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Carnival Corporation & Plc [NYSE: CUK] stock went on a downward path that fall over -0.50% on Tuesday, amounting to a one-week price increase of more than 4.74%.

Over the last 12 months, CUK stock dropped by -67.12%.

The market cap for the stock reached $12.86 billion, with 924.53 million shares outstanding and 329.49 million shares in the current float. Compared to the average trading volume of 2.01M shares, CUK stock reached a trading volume of 1687580 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Carnival Corporation & Plc [CUK]:

Berenberg have made an estimate for Carnival Corporation & Plc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 29, 2020. The new note on the price target was released on June 03, 2020, representing the official price target for Carnival Corporation & Plc stock.

The Average True Range (ATR) for Carnival Corporation & Plc is set at 0.72, with the Price to Sales ratio for CUK stock in the period of the last 12 months amounting to 0.62. The Price to Book ratio for the last quarter was 0.51, with the Price to Cash per share for the same quarter was set at 1.46.

CUK Stock Performance Analysis:

Carnival Corporation & Plc [CUK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.74. With this latest performance, CUK shares gained by 30.86% in over the last four-week period, additionally sinking by -54.51% over the last 6 months – not to mention a drop of -67.12% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CUK stock in for the last two-week period is set at 58.79, with the RSI for the last a single of trading hit 61.78, and the three-weeks RSI is set at 55.14 for Carnival Corporation & Plc [CUK]. The present Moving Average for the last 50 days of trading for this stock 12.60, while it was recorded at 13.76 for the last single week of trading, and 24.02 for the last 200 days.

Insight into Carnival Corporation & Plc Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Carnival Corporation & Plc [CUK] shares currently have an operating margin of +15.74 and a Gross Margin at +27.65. Carnival Corporation & Plc’s Net Margin is presently recorded at +14.36.

Return on Total Capital for CUK is now 9.24, given the latest momentum, and Return on Invested Capital for the company is 8.96. Return on Equity for this stock inclined to 12.12, with Return on Assets sitting at 6.91. When it comes to the capital structure of this company, Carnival Corporation & Plc [CUK] has a Total Debt to Total Equity ratio set at 45.35. Additionally, CUK Total Debt to Total Capital is recorded at 31.20, with Total Debt to Total Assets ending up at 25.53. Long-Term Debt to Equity for the company is recorded at 38.14, with the Long-Term Debt to Total Capital now at 26.24.

Receivables Turnover for the company is 44.07 with a Total Asset Turnover recorded at a value of 0.48.Carnival Corporation & Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.20 and a Current Ratio set at 0.30.

CUK Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CUK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Carnival Corporation & Plc go to 13.40%.

Carnival Corporation & Plc [CUK] Insider Position Details

Positions in Carnival Corporation & Plc stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 76 institutional holders increased their position in Carnival Corporation & Plc [NYSE:CUK] by around 6,692,656 shares. Additionally, 39 investors decreased positions by around 2,662,397 shares, while 10 investors held positions by with 6,581,024 shares. The mentioned changes placed institutional holdings at 15,936,077 shares, according to the latest SEC report filing. CUK stock had 36 new institutional investments in for a total of 2,737,632 shares, while 15 institutional investors sold positions of 602,862 shares during the same period.

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