Carnival Corporation & Plc [CCL] is -4.02% lower this YTD. Is it still time to buy?

Carnival Corporation & Plc [NYSE: CCL] plunged by -$0.13 during the normal trading session on Friday and reaching a high of $21.3993 during the day while it closed the day at $20.79. The company report on January 15, 2021 that Costa Cruises Celebrates Float-Out Ceremony For Costa Toscana; Italian Cruise Line’s New LNG Ship Will Be Delivered In December.

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Costa Toscana, celebrating the excellence of Tuscany, is the third ship of the Costa Group powered by liquefied natural gas, the marine industry’s most advanced fuel technology available for reducing emissions.

Built at the Meyer shipyard in Turku, Costa Toscana will enter service in December 2021 in Brazil.

Carnival Corporation & Plc stock has also gained 1.56% of its value over the past 7 days. However, CCL stock has inclined by 48.29% in the 3 months of the year. Over the past six months meanwhile, it has gained 34.39% and lost -4.02% year-on date.

The market cap for CCL stock reached $22.09 billion, with 921.34 million shares outstanding and 797.14 million shares in the current float. Compared to the average trading volume of 50.23M shares, CCL reached a trading volume of 33636819 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Carnival Corporation & Plc [CCL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CCL shares is $18.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CCL stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Carnival Corporation & Plc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 25, 2020. The new note on the price target was released on July 21, 2020, representing the official price target for Carnival Corporation & Plc stock. Previously, the target price had yet another raise to $10, while SunTrust analysts kept a Sell rating on CCL stock. On July 14, 2020, analysts decreased their price target for CCL shares from 27 to 18.

The Average True Range (ATR) for Carnival Corporation & Plc is set at 1.02, with the Price to Sales ratio for CCL stock in the period of the last 12 months amounting to 2.14. The Price to Book ratio for the last quarter was 0.83, with the Price to Cash per share for the same quarter was set at 7.70.

CCL stock trade performance evaluation

Carnival Corporation & Plc [CCL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.56. With this latest performance, CCL shares dropped by -3.44% in over the last four-week period, additionally plugging by 34.39% over the last 6 months – not to mention a drop of -59.51% 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 CCL stock in for the last two-week period is set at 51.75, with the RSI for the last a single of trading hit 51.23, and the three-weeks RSI is set at 53.03 for Carnival Corporation & Plc [CCL]. The present Moving Average for the last 50 days of trading for this stock 19.92, while it was recorded at 20.42 for the last single week of trading, and 16.33 for the last 200 days.

Carnival Corporation & Plc [CCL]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Carnival Corporation & Plc [CCL] 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 CCL is now 9.15, given the latest momentum, and Return on Invested Capital for the company is 8.88. Return on Equity for this stock inclined to 12.01, with Return on Assets sitting at 6.84. When it comes to the capital structure of this company, Carnival Corporation & Plc [CCL] has a Total Debt to Total Equity ratio set at 45.35. Additionally, CCL 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 43.57 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 0.90 and a Current Ratio set at 0.90.

Earnings per share (EPS) analysis for Carnival Corporation & Plc [CCL] stock

With the latest financial reports released by the company, Carnival Corporation & Plc posted 0.62/share EPS, while the average EPS was predicted by analysts to be reported at 0.5/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 24.00%. 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 CCL.

Carnival Corporation & Plc [CCL]: Insider Ownership positions

There are presently around $8,226 million, or 43.80% of CCL stock, in the hands of institutional investors. The top three institutional holders of CCL stocks are: VANGUARD GROUP INC with ownership of 57,454,742, which is approximately 10.577% of the company’s market cap and around 8.90% of the total institutional ownership; PUBLIC INVESTMENT FUND, holding 50,830,926 shares of the stock with an approximate value of $1.06 billion in CCL stocks shares; and TRUIST FINANCIAL CORP, currently with $801.86 million in CCL stock with ownership of nearly -0.02% of the company’s market capitalization.

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Positions in Carnival Corporation & Plc stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 345 institutional holders increased their position in Carnival Corporation & Plc [NYSE:CCL] by around 44,488,752 shares. Additionally, 263 investors decreased positions by around 34,081,819 shares, while 130 investors held positions by with 317,111,657 shares. The mentioned changes placed institutional holdings at 395,682,228 shares, according to the latest SEC report filing. CCL stock had 110 new institutional investments in for a total of 11,020,144 shares, while 78 institutional investors sold positions of 9,756,411 shares during the same period.

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