Citigroup slashes price target on Carnival Corporation & plc [CCL] – find out why.

Carnival Corporation & plc [NYSE: CCL] closed the trading session at $22.86 on 09/14/21. The day’s price range saw the stock hit a low of $22.70, while the highest price level was $23.50. The company report on September 13, 2021 that Carnival Corporation Releases Annual Sustainability Report.

MIAMI –News Direct– Carnival Corporation & plc.

MIAMI, September 13, 2021 /3BL Media/ – Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world’s largest cruise company, released its 11th annual sustainability report, developed in accordance with the widely recognized Global Reporting Initiative (GRI) standard. The company has incorporated into the report for the first time two additional disclosure frameworks, the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD). Titled “Sustainable from Ship to Shore,” the full report is available on the company’s sustainability website at

The stocks have a year to date performance of 5.54 percent and weekly performance of -2.97 percent. The stock has been moved at -19.08 percent over the last six months. The stock has performed 0.00 percent around the most recent 30 days and changed -20.10 percent over the most recent 3-months.

If compared to the average trading volume of 32.19M shares, CCL reached to a volume of 24421043 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 $28.49 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 2.50. 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.

Citigroup have made an estimate for Carnival Corporation & plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 06, 2021. The new note on the price target was released on June 16, 2021, representing the official price target for Carnival Corporation & plc stock. Previously, the target price had yet another raise from $18 to $40, while Credit Suisse kept a Outperform rating on CCL stock.

The Average True Range (ATR) for Carnival Corporation & plc is set at 1.05, with the Price to Sales ratio for CCL stock in the period of the last 12 months amounting to 187.74. The Price to Book ratio for the last quarter was 1.45, with the Price to Cash per share for the same quarter was set at 8.01.

CCL stock trade performance evaluation

Carnival Corporation & plc [CCL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.97. With this latest performance, CCL shares dropped by 0.00% in over the last four-week period, additionally sinking by -19.08% over the last 6 months – not to mention a rise of 28.07% 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 47.68, with the RSI for the last a single of trading hit 46.54, and the three-weeks RSI is set at 47.62 for Carnival Corporation & plc [CCL]. The present Moving Average for the last 50 days of trading for this stock 22.87, while it was recorded at 23.00 for the last single week of trading, and 24.59 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 -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 CCL is now -11.08, given the latest momentum, and Return on Invested Capital for the company is -25.91. Return on Equity for this stock declined to -44.58, with Return on Assets sitting at -20.75. When it comes to the capital structure of this company, Carnival Corporation & plc [CCL] has a Total Debt to Total Equity ratio set at 138.07. Additionally, CCL 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 12.85 with a Total Asset Turnover recorded at a value of 0.11.Carnival Corporation & plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.20.

Carnival Corporation & plc [CCL]: Insider Ownership positions

There are presently around $11,816 million, or 52.70% of CCL stock, in the hands of institutional investors. The top three institutional holders of CCL stocks are: VANGUARD GROUP INC with ownership of 85,856,018, which is approximately 1.807% of the company’s market cap and around 0.20% of the total institutional ownership; PUBLIC INVESTMENT FUND, holding 50,830,926 shares of the stock with an approximate value of $1.16 billion in CCL stocks shares; and BLACKROCK INC., currently with $1.13 billion in CCL stock with ownership of nearly 9.176% 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 September and at the time of the September reporting period, where 408 institutional holders increased their position in Carnival Corporation & plc [NYSE:CCL] by around 40,332,468 shares. Additionally, 296 investors decreased positions by around 39,186,576 shares, while 167 investors held positions by with 437,351,944 shares. The mentioned changes placed institutional holdings at 516,870,988 shares, according to the latest SEC report filing. CCL stock had 81 new institutional investments in for a total of 3,495,902 shares, while 91 institutional investors sold positions of 14,245,918 shares during the same period.

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