Carnival Corp. [NYSE: CCL] loss -0.42% on the last trading session, reaching $21.32 price per share at the time.
If compared to the average trading volume of 28.82M shares, CCL reached a trading volume of 17978176 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 $23.04 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 1.74. 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 0.71, with the Price to Sales ratio for CCL stock in the period of the last 12 months amounting to 1.10. The Price to Book ratio for the last quarter was 3.14, with the Price to Cash per share for the same quarter was set at 1.20. Price to Free Cash Flow for CCL in the course of the last twelve months was 22.07 with Quick ratio for the last quarter at 0.23.
Trading performance analysis for CCL stock
Carnival Corp. [CCL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.36. With this latest performance, CCL shares gained by 13.65% in over the last four-week period, additionally plugging by 50.99% over the last 6 months – not to mention a rise of 82.38% 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 72.31, with the RSI for the last a single of trading hit 75.22, and the three-weeks RSI is set at 69.24 for Carnival Corp. [CCL]. The present Moving Average for the last 50 days of trading for this stock 17.55, while it was recorded at 21.18 for the last single week of trading, and 16.46 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 0.23 and a Current Ratio set at 0.27.
Carnival Corp. [CCL]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Carnival Corp. posted -0.07/share EPS, while the average EPS was predicted by analysts to be reported at -0.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.06. 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]
There are presently around $62.08%, or 67.21%% 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%.
