While Carnival Corp. has overperformed by 3.57%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CCL rose by 57.68%, with highs and lows ranging from $19.74 to $8.70, whereas the simple moving average fell by -5.53% in the last 200 days.
On March 26, 2024, Mizuho started tracking Carnival Corp. (NYSE: CCL) recommending Buy. A report published by Goldman on March 13, 2024, Initiated its previous ‘Buy’ rating for CCL. Wells Fargo also Upgraded CCL shares as ‘Overweight’, setting a target price of $22 on the company’s shares in a report dated January 05, 2024. Citigroup Initiated an Buy rating on November 21, 2023, and assigned a price target of $18. William Blair initiated its ‘Outperform’ rating for CCL, as published in its report on October 02, 2023. Truist’s report from September 19, 2023 suggests a price prediction of $17 for CCL shares, giving the stock a ‘Hold’ rating. Redburn Atlantic also rated the stock as ‘Overweight’.
Analysis of Carnival Corp. (CCL)
Further, the quarter-over-quarter increase in sales is 21.98%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Carnival Corp.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 6.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.32, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and CCL is recording an average volume of 32.58M. On a monthly basis, the volatility of the stock is set at 3.71%, whereas on a weekly basis, it is put at 2.68%, with a gain of 6.40% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.51, showing growth from the present price of $14.79, which can serve as yet another indication of whether CCL is worth investing in or should be passed over.
How Do You Analyze Carnival Corp. Shares?
Carnival Corp. (CCL) is based in the USA and is one of the most prominent companies operating in the Travel Services market. When comparing Carnival Corp. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 57.55, there is a growth in quarterly earnings of 69.22%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 25.30%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 49.29% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CCL shares are owned by institutional investors to the tune of 49.29% at present.
