Macquarie slashes price target on Carnival Corporation & plc [CUK] – find out why.

Carnival Corporation & plc [NYSE: CUK] jumped around 0.31 points on 7/1/2021, while shares priced at $23.58 at the close of the session, up 1.33%. The company report on July 1, 2021 that Award-Winning “North to Alaska” Program Offers Princess Guests Authentic Local Experiences & Fresh Alaska Seafood for 2021 Summer Season.

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Princess Cruises guests sailing on the upcoming partial summer 2021 Alaska season will be thoroughly immersed with authentic Alaska-themed activities offered throughout the cruise line’s award-winning “North to Alaska” culinary, entertainment and shore excursions series.

Previously announced, the cruise line is slated to return to service in the United States with a partial season of Alaska sailings roundtrip from Seattle, with seven-day cruises scheduled to depart July 25 through September 26, 2021, onboard Majestic Princess – a MedallionClass™ ship.

Compared to the average trading volume of 1.52M shares, CUK reached a trading volume of 1270251 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Carnival Corporation & plc [CUK]?

Macquarie have made an estimate for Carnival Corporation & plc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 02, 2021. The new note on the price target was released on July 29, 2020, representing the official price target for Carnival Corporation & plc stock.

The Average True Range (ATR) for Carnival Corporation & plc is set at 0.80, with the Price to Sales ratio for CUK stock in the period of the last 12 months amounting to 36.25. The Price to Book ratio for the last quarter was 1.30, with the Price to Cash per share for the same quarter was set at 9.02.

How has CUK stock performed recently?

Carnival Corporation & plc [CUK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.21. With this latest performance, CUK shares dropped by -12.34% in over the last four-week period, additionally plugging by 24.96% over the last 6 months – not to mention a rise of 86.11% 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 44.10, with the RSI for the last a single of trading hit 42.30, and the three-weeks RSI is set at 46.39 for Carnival Corporation & plc [CUK]. The present Moving Average for the last 50 days of trading for this stock 24.18, while it was recorded at 23.30 for the last single week of trading, and 19.50 for the last 200 days.

Carnival Corporation & plc [CUK]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Carnival Corporation & plc [CUK] shares currently have an operating margin of -84.99 and a Gross Margin at -52.26. Carnival Corporation & plc’s Net Margin is presently recorded at -182.95.

Return on Total Capital for CUK is now -11.41, given the latest momentum, and Return on Invested Capital for the company is -26.66. Return on Equity for this stock declined to -45.70, with Return on Assets sitting at -21.34. When it comes to the capital structure of this company, Carnival Corporation & plc [CUK] has a Total Debt to Total Equity ratio set at 138.07. Additionally, CUK Total Debt to Total Capital is recorded at 58.00, with Total Debt to Total Assets ending up at 52.95. Long-Term Debt to Equity for the company is recorded at 113.86, with the Long-Term Debt to Total Capital now at 47.82.

Receivables Turnover for the company is 13.11 with a Total Asset Turnover recorded at a value of 0.12.Carnival Corporation & plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.

Earnings analysis for Carnival Corporation & plc [CUK]

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%.

Insider trade positions for Carnival Corporation & plc [CUK]

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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 42 institutional holders increased their position in Carnival Corporation & plc [NYSE:CUK] by around 1,950,613 shares. Additionally, 42 investors decreased positions by around 2,816,709 shares, while 14 investors held positions by with 8,147,836 shares. The mentioned changes placed institutional holdings at 12,915,158 shares, according to the latest SEC report filing. CUK stock had 14 new institutional investments in for a total of 580,743 shares, while 17 institutional investors sold positions of 1,588,029 shares during the same period.

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