Carnival Corp. [NYSE: CCL] stock went on an upward path that rose over 2.01% on Friday, amounting to a one-week price increase of more than 10.15%.
Over the last 12 months, CCL stock rose by 14.91%. The one-year Carnival Corp. stock forecast points to a potential upside of 20.5. The average equity rating for CCL stock is currently 1.68, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $21.87 billion, with 1.12 billion shares outstanding and 998.28 million shares in the current float. Compared to the average trading volume of 28.38M shares, CCL stock reached a trading volume of 23286317 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $21.71 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 1.68. 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.
Mizuho have made an estimate for Carnival Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 26, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on March 13, 2024, representing the official price target for Carnival Corp. stock. Previously, the target price had yet another raise to $22, while Wells Fargo analysts kept a Overweight rating on CCL stock.
The Average True Range (ATR) for Carnival Corp. is set at 0.61, with the Price to Sales ratio for CCL stock in the period of the last 12 months amounting to 0.93. The Price to Book ratio for the last quarter was 3.21, with the Price to Cash per share for the same quarter was set at 1.32. Price to Free Cash Flow for CCL in the course of the last twelve months was 13.71 with Quick ratio for the last quarter at 0.21.
CCL Stock Performance Analysis:
Carnival Corp. [CCL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.15. With this latest performance, CCL shares gained by 16.94% in over the last four-week period, additionally plugging by 6.54% over the last 6 months – not to mention a rise of 14.91% 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 62.18, with the RSI for the last a single of trading hit 69.41, and the three-weeks RSI is set at 57.91 for Carnival Corp. [CCL]. The present Moving Average for the last 50 days of trading for this stock 16.55, while it was recorded at 16.58 for the last single week of trading, and 16.26 for the last 200 days.
Insight into Carnival Corp. Fundamentals:
Carnival Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.21 and a Current Ratio set at 0.25.
CCL Stock EPS
With the latest financial reports released by the company, Carnival Corp. posted 0.86/share EPS, while the average EPS was predicted by analysts to be reported at 0.75/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.11. 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.
Carnival Corp. [CCL] Institutonal Ownership Details
There are presently around $63.52%, or 68.94%% of CCL stock, in the hands of institutional investors. The top three institutional holders of CCL stocks are: VANGUARD GROUP INC with ownership of 113.84 million shares, which is approximately 8.985%. BLACKROCK INC., holding 68.77 million shares of the stock with an approximate value of $$1.29 billion in CCL stocks shares; and BLACKROCK INC., currently with $$732.41 million in CCL stock with ownership which is approximately 3.088%.
