Carnival Stock Forecast, Price & News

Carnival's stock was trading at $21.75 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CCL shares have decreased by 30.0% and is now trading at $15.22.
View which stocks have been most impacted by COVID-19.

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carnival in the last year. There are currently 5 sell ratings, 13 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Carnival.

Carnival is scheduled to release its next quarterly earnings announcement on Thursday, September 24th 2020.
View our earnings forecast for Carnival.

Carnival Corp (NYSE:CCL) released its earnings results on Friday, July, 10th. The company reported ($3.30) EPS for the quarter, missing the Zacks' consensus estimate of ($1.79) by $1.51. The company had revenue of $740 million for the quarter, compared to analyst estimates of $401.40 million. Carnival had a positive return on equity of 0.06% and a negative net margin of 17.53%. The firm's revenue was down 84.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 EPS.
View Carnival's earnings history.

Carnival announced a quarterly dividend on Thursday, January 16th. Shareholders of record on Friday, February 21st will be given a dividend of $0.50 per share on Friday, March 13th. This represents a $2.00 annualized dividend and a dividend yield of 13.14%. The ex-dividend date of this dividend is Thursday, February 20th.
View Carnival's dividend history.

23 analysts have issued twelve-month target prices for Carnival's shares. Their forecasts range from $10.00 to $50.00. On average, they expect Carnival's stock price to reach $19.57 in the next year. This suggests a possible upside of 28.6% from the stock's current price.
View analysts' price targets for Carnival.

News articles about CCL stock have been trending negative recently, InfoTrie reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Carnival earned a news sentiment score of -2.8 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near term.
View the latest news about Carnival.

Carnival saw a decrease in short interest in August. As of August 14th, there was short interest totaling 84,510,000 shares, a decrease of 32.8% from the July 30th total of 125,710,000 shares. Based on an average daily trading volume, of 44,160,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 18.5% of the shares of the stock are sold short.
View Carnival's Short Interest.

Some companies that are related to Carnival include Marriott International (MAR), Royal Caribbean Cruises (RCL), Hyatt Hotels (H), Choice Hotels International (CHH), Norwegian Cruise Line (NCLH), Marriott Vacations Worldwide (VAC), Marcus (MCS) and Red Lion Hotels (RLH).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Carnival investors own include Delta Air Lines (DAL), Norwegian Cruise Line (NCLH), Royal Caribbean Cruises (RCL), Walt Disney (DIS), AT&T (T), Tesla (TSLA), Bank of America (BAC), NVIDIA (NVDA), American Airlines Group (AAL) and Boeing (BA).

Carnival trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCL."

Carnival's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.65%), Public Investment Fund (8.46%), Bank of New York Mellon Corp (1.25%), AQR Capital Management LLC (0.89%), Nuveen Asset Management LLC (0.88%) and Charles Schwab Investment Management Inc. (0.41%). Company insiders that own Carnival stock include Arnaldo Perez, Arnold W Donald, David Bernstein, Randall J Weisenburger, Sir Jonathon Band and Stein Kruse.
View institutional ownership trends for Carnival.

CCL stock was sold by a variety of institutional investors in the last quarter, including Cooke & Bieler LP, Prudential PLC, Federated Hermes Inc., SG Americas Securities LLC, Pzena Investment Management LLC, New York State Common Retirement Fund, Russell Investments Group Ltd., and Chartwell Investment Partners LLC.
View insider buying and selling activity for Carnival.

CCL stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Public Investment Fund, AQR Capital Management LLC, Nuveen Asset Management LLC, Ardevora Asset Management LLP, Aristeia Capital LLC, Two Sigma Advisers LP, and Scout Investments Inc.. Company insiders that have bought Carnival stock in the last two years include Arnold W Donald, and Randall J Weisenburger.
View insider buying and selling activity for Carnival.

Shares of CCL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CCL stock can currently be purchased for approximately $15.22.

Carnival has a market capitalization of $9.14 billion and generates $20.83 billion in revenue each year. The company earns $2.99 billion in net income (profit) each year or $4.40 on an earnings per share basis. Carnival employs 92,000 workers across the globe.

The official website for Carnival is www.carnival.com.

Carnival's mailing address is 3655 N W 87TH AVE PO BOX 1347, MIAMI FL, 33178. The company can be reached via phone at 305-599-2600.