why Carnival Corporation & plc [CCL] is a Good Choice for Investors After New Price Target of $27.17


Carnival Corporation & plc [NYSE: CCL] price surged by 1.62 percent to reach at $0.31. The company report on March 18, 2022 that Carnival Corporation Announces that the Micky and Madeleine Arison Family Foundation Commits $3 Million to Support Ukraine Humanitarian Relief Efforts.

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MIAMI –News Direct– Carnival Corporation & plc.

MIAMI, March 18, 2022 /3BL Media/ – Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world’s largest cruise company, announced that the Micky and Madeleine Arison Family Foundation pledged $3 million in donations to organizations providing vital medical and humanitarian aid to Ukrainian refugees displaced or forced to flee abroad.

A sum of 31942678 shares traded at recent session while its average daily volume was at 41.04M shares. Carnival Corporation & plc shares reached a high of $19.54 and dropped to a low of $18.68 until finishing in the latest session at $19.46.

The one-year CCL stock forecast points to a potential upside of 28.38.

Guru’s Opinion on Carnival Corporation & plc [CCL]:

Jefferies have made an estimate for Carnival Corporation & plc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 05, 2022. While these analysts kept the previous recommendation, Citigroup dropped their target price from $34 to $24.50. The new note on the price target was released on October 25, 2021, representing the official price target for Carnival Corporation & plc stock. Previously, the target price had yet another raise to $22.50, while Berenberg analysts kept a Hold rating on CCL stock. On August 06, 2021, analysts increased their price target for CCL shares from 30 to 34.

The Average True Range (ATR) for Carnival Corporation & plc is set at 1.27, with the Price to Sales ratio for CCL stock in the period of the last 12 months amounting to 11.24. The Price to Book ratio for the last quarter was 1.81, with the Price to Cash per share for the same quarter was set at 8.29.

CCL Stock Performance Analysis:

Carnival Corporation & plc [CCL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.07. With this latest performance, CCL shares dropped by -16.52% in over the last four-week period, additionally sinking by -17.37% over the last 6 months – not to mention a drop of -32.80% 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 51.69, with the RSI for the last a single of trading hit 56.91, and the three-weeks RSI is set at 49.72 for Carnival Corporation & plc [CCL]. The present Moving Average for the last 50 days of trading for this stock 20.34, while it was recorded at 18.62 for the last single week of trading, and 22.42 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 [CCL] shares currently have an operating margin of -328.14 and a Gross Margin at -230.03. Carnival Corporation & plc’s Net Margin is presently recorded at -497.96.

Return on Equity for this stock declined to -58.11, with Return on Assets sitting at -17.77.

Carnival Corporation & plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.00.


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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Carnival Corporation & plc go to 9.95%.

Carnival Corporation & plc [CCL] Insider Position Details

There are presently around $10,235 million, or 54.00% of CCL stock, in the hands of institutional investors. The top three institutional holders of CCL stocks are: VANGUARD GROUP INC with ownership of 86,991,579, which is approximately 0.91% of the company’s market cap and around 0.10% of the total institutional ownership; PUBLIC INVESTMENT FUND, holding 50,830,926 shares of the stock with an approximate value of $989.17 million in CCL stocks shares; and BLACKROCK INC., currently with $966.47 million in CCL stock with ownership of nearly 0.15% of the company’s market capitalization.

364 institutional holders increased their position in Carnival Corporation & plc [NYSE:CCL] by around 44,657,315 shares. Additionally, 353 investors decreased positions by around 37,752,363 shares, while 160 investors held positions by with 443,535,278 shares. The mentioned changes placed institutional holdings at 525,944,956 shares, according to the latest SEC report filing. CCL stock had 120 new institutional investments in for a total of 8,859,240 shares, while 108 institutional investors sold positions of 7,018,839 shares during the same period.