While Carnival Corp has underperformed by -1.20%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CCL rose by 37.56%, with highs and lows ranging from $27.17 to $13.78, whereas the simple moving average jumped by 27.57% in the last 200 days.
On December 23, 2024, Stifel Reiterated Carnival Corp (NYSE: CCL) to Buy. A report published by Citigroup on December 23, 2024, Reiterated its previous ‘Buy’ rating for CCL. Barclays also reiterated CCL shares as ‘Overweight’, quoting a target price of $32 on the company’s shares in a report dated December 23, 2024. Bernstein Initiated an Mkt Perform rating on November 26, 2024, and assigned a price target of $26. Mizuho initiated its ‘Buy’ rating for CCL, as published in its report on March 26, 2024. Goldman’s report from March 13, 2024 suggests a price prediction of $20 for CCL shares, giving the stock a ‘Buy’ rating. Wells Fargo also rated the stock as ‘Overweight’.
Analysis of Carnival Corp (CCL)
Further, the quarter-over-quarter increase in sales is 10.02%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Carnival Corp’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 23.75% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.25, 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.
An average volume of 23.08M can be a very valuable indicator of volatility for CCL stock. On a monthly basis, the volatility of the stock is set at 3.43%, whereas on a weekly basis, it is put at 3.38%, with a loss of -4.83% over the past seven days. Furthermore, long-term investors anticipate a median target price of $29.39, showing growth from the present price of $23.84, 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?
The USA based company Carnival Corp (CCL) is one of the biggest names in Travel Services. 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 17.14, there is a growth in quarterly earnings of 705.26%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. 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 21.23%. 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 56.41% 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 56.41% at present.
