For Carnival Corp. [CCL], Analyst sees a rise to $22. What next?

Carnival Corp. [NYSE: CCL] gained 0.29% on the last trading session, reaching $17.33 price per share at the time. The company report on January 8, 2024 at 9:00 AM that More Than 50 Ports Across 11 Countries Highlight Holland America Line’s 2025-2026 Asia Cruise Season.

Ten unique itineraries and two Pacific Ocean crossings showcase diverse cultural experiences and fresh, regional cuisine.

Holland America Line’s Westerdam is heading to Asia, where it will explore 11 countries from September 2025 through April 2026. The itineraries have a strong focus on Japan with 24 different ports around the country, as well as visits to Cambodia, China, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam.

If compared to the average trading volume of 29.98M shares, CCL reached a trading volume of 21464134 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 Corp. [CCL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CCL shares is $20.41 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 1.75. 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.

Wells Fargo have made an estimate for Carnival Corp. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 05, 2024.

The Average True Range (ATR) for Carnival Corp. is set at 0.65, with the Price to Sales ratio for CCL stock in the period of the last 12 months amounting to 1.01. The Price to Book ratio for the last quarter was 3.15, with the Price to Cash per share for the same quarter was set at 1.92.

Trading performance analysis for CCL stock

Carnival Corp. [CCL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.14. With this latest performance, CCL shares dropped by -5.61% in over the last four-week period, additionally sinking by -1.81% over the last 6 months – not to mention a rise of 66.16% 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 51.22, with the RSI for the last a single of trading hit 49.13, and the three-weeks RSI is set at 53.39 for Carnival Corp. [CCL]. The present Moving Average for the last 50 days of trading for this stock 16.45, while it was recorded at 17.09 for the last single week of trading, and 14.49 for the last 200 days.

Carnival Corp. [CCL]: A deeper dive into fundamental analysis

Carnival Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.41 and a Current Ratio set at 0.46.

Carnival Corp. [CCL]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Carnival Corp. posted -0.55/share EPS, while the average EPS was predicted by analysts to be reported at -0.6/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.30%. 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.

An analysis of Institutional ownership at Carnival Corp. [CCL]

The top three institutional holders of CCL stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CCL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CCL stock with ownership which is approximately 5.8325%.