Wall Street Analyst Upgrade Carnival Corporation & plc [CUK]. What else is Wall St. saying

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Carnival Corporation & plc [NYSE: CUK] gained 6.21% on the last trading session, reaching $8.21 price per share at the time. The company report on July 12, 2022 that Holland America Line Launches Best Deal of the Year on 2023 Cruises — ‘Book Early & Save’ Includes Crew Appreciation, Onboard Credit, Low-Fare Guarantee and Popular ‘Have It All’ Amenities.


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Great cruise fares and value of more than $900 per person available to plan for next year’s travel, including Holiday 2022 and beyond to Europe, Alaska, Caribbean and more when booked by Sept. 30, 2022.

– As the desire to travel increases and cruise bookings continue to surge, Holland America Line is enticing guests to plan ahead and make future cruise reservations now with a new “Book Early & Save” offer.

Carnival Corporation & plc represents 1.14 billion in outstanding shares, while the company has a total market value of $10.45 billion with the latest information. CUK stock price has been found in the range of $7.66 to $8.335.

If compared to the average trading volume of 3.19M shares, CUK reached a trading volume of 4956751 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 14, 2021. The new note on the price target was released on March 02, 2021, representing the official price target for Carnival Corporation & plc stock.

The Average True Range (ATR) for Carnival Corporation & plc is set at 0.71, with the Price to Sales ratio for CUK stock in the period of the last 12 months amounting to 1.78. The Price to Book ratio for the last quarter was 1.13.

Trading performance analysis for CUK stock

Carnival Corporation & plc [CUK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.30. With this latest performance, CUK shares dropped by -24.26% in over the last four-week period, additionally sinking by -59.30% over the last 6 months – not to mention a drop of -61.78% 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 39.51, with the RSI for the last a single of trading hit 42.23, and the three-weeks RSI is set at 38.31 for Carnival Corporation & plc [CUK]. The present Moving Average for the last 50 days of trading for this stock 11.29, while it was recorded at 8.12 for the last single week of trading, and 17.14 for the last 200 days.

Carnival Corporation & plc [CUK]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Carnival Corporation & plc [CUK] 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 Total Capital for CUK is now -12.64, given the latest momentum, and Return on Invested Capital for the company is -21.37. Return on Equity for this stock declined to -56.17, with Return on Assets sitting at -17.16. When it comes to the capital structure of this company, Carnival Corporation & plc [CUK] has a Total Debt to Total Equity ratio set at 284.97. Additionally, CUK Total Debt to Total Capital is recorded at 74.02, with Total Debt to Total Assets ending up at 64.88. Long-Term Debt to Equity for the company is recorded at 244.96, with the Long-Term Debt to Total Capital now at 63.63.

Receivables Turnover for the company is 7.10 with a Total Asset Turnover recorded at a value of 0.03.Carnival Corporation & plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

Carnival Corporation & plc [CUK]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at Carnival Corporation & plc [CUK]

There are presently around $192 million, or 13.40% of CUK stock, in the hands of institutional investors. The top three institutional holders of CUK stocks are: ARISTEIA CAPITAL LLC with ownership of 9,995,459, which is approximately -1.43% of the company’s market cap and around 0.10% of the total institutional ownership; JPMORGAN CHASE & CO, holding 1,988,812 shares of the stock with an approximate value of $15.37 million in CUK stocks shares; and TWO SIGMA INVESTMENTS, LP, currently with $13.78 million in CUK stock with ownership of nearly 18.283% of the company’s market capitalization.

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 39 institutional holders increased their position in Carnival Corporation & plc [NYSE:CUK] by around 3,447,746 shares. Additionally, 46 investors decreased positions by around 2,175,049 shares, while 20 investors held positions by with 19,279,798 shares. The mentioned changes placed institutional holdings at 24,902,593 shares, according to the latest SEC report filing. CUK stock had 18 new institutional investments in for a total of 1,130,334 shares, while 14 institutional investors sold positions of 1,058,754 shares during the same period.

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