Carnival Corporation & plc [CCL] Revenue clocked in at $5.86 billion, down -50.94% YTD: What’s Next?

Carnival Corporation & plc [NYSE: CCL] stock went on a downward path that fall over -5.55% on Friday, amounting to a one-week price decrease of less than -7.93%. The company report on August 17, 2022 that Carnival Corporation & plc Announces Extension of Maturity of $339 Million of Convertible Notes at Existing 5.75% Rate.


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The Existing Notes will be exchanged for New Notes with the same coupon and no dilution to shareholders at scheduled maturity versus the Existing Notes and no upfront cost.

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today announced that Carnival Corporation (the “Company”), Carnival plc and certain of their subsidiaries (the “Subsidiary Guarantors”) have entered into separate, privately negotiated exchange agreements with certain holders of the Company’s outstanding 5.75% Convertible Senior Notes due 2023 (the “Existing Notes”) pursuant to which the Company will exchange $339 million in aggregate principal amount of Existing Notes for $339 million in aggregate principal amount of new 5.75% Convertible Senior Notes due October 2024 (the “New Notes” and such exchange, the “Exchange”).

Over the last 12 months, CCL stock dropped by -54.43%. The one-year Carnival Corporation & plc stock forecast points to a potential upside of 30.44.

The market cap for the stock reached $12.82 billion, with 1.14 billion shares outstanding and 1.01 billion shares in the current float. Compared to the average trading volume of 54.91M shares, CCL stock reached a trading volume of 49990239 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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

Morgan Stanley have made an estimate for Carnival Corporation & plc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on June 29, 2022. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on June 29, 2022, representing the official price target for Carnival Corporation & plc stock. Previously, the target price had yet another raise to $15, while Susquehanna analysts kept a Neutral rating on CCL stock.

The Average True Range (ATR) for Carnival Corporation & plc is set at 0.66, with the Price to Sales ratio for CCL stock in the period of the last 12 months amounting to 2.19. The Price to Book ratio for the last quarter was 1.36, with the Price to Cash per share for the same quarter was set at 5.54.

CCL Stock Performance Analysis:

Carnival Corporation & plc [CCL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.93. With this latest performance, CCL shares gained by 0.20% in over the last four-week period, additionally sinking by -55.98% over the last 6 months – not to mention a drop of -54.43% 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 48.15, with the RSI for the last a single of trading hit 45.76, and the three-weeks RSI is set at 47.53 for Carnival Corporation & plc [CCL]. The present Moving Average for the last 50 days of trading for this stock 9.69, while it was recorded at 10.56 for the last single week of trading, and 16.66 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 0.60 and a Current Ratio set at 0.60.

CCL Stock EPS

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 $4,993 million, or 46.70% of CCL stock, in the hands of institutional investors. The top three institutional holders of CCL stocks are: VANGUARD GROUP INC with ownership of 91,435,982, which is approximately 1.467% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 51,464,138 shares of the stock with an approximate value of $507.95 million in CCL stocks shares; and PUBLIC INVESTMENT FUND, currently with $501.7 million in CCL stock with ownership of nearly 0% 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 331 institutional holders increased their position in Carnival Corporation & plc [NYSE:CCL] by around 46,304,535 shares. Additionally, 309 investors decreased positions by around 56,843,287 shares, while 175 investors held positions by with 402,744,821 shares. The mentioned changes placed institutional holdings at 505,892,643 shares, according to the latest SEC report filing. CCL stock had 79 new institutional investments in for a total of 6,612,496 shares, while 113 institutional investors sold positions of 11,505,618 shares during the same period.

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