NYSE:CCL

Carnival Co. & - CCL Stock Forecast, Price & News

$7.03

-2.13 (-23.25%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $7.01
▼
$8.51
50-Day Range: $7.03
▼
$11.19
52-Week Range: $7.01
▼
$26.57

Volume: 237.67 million shs
Average Volume: 48.08 million shs
Market Capitalization: $6.99 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $16.11

Carnival Co. & MarketRank™ Forecast

Analyst Rating: Hold
2.06 Rating Score
Upside/Downside: 129.2% Upside
$16.11 Price Target
Short Interest: Bearish
10.73% of Float Sold Short
Dividend Strength: N/A
Sustainability: -4.56
Upright™ Environmental Score
News Sentiment: -0.03
Based on 27 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($3.72) to $0.74 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.91 out of 5 stars

Consumer Discretionary Sector

220th out of 282 stocks

Water Transportation Industry

11th out of 19 stocks

3.0

Analyst's Opinion

Consensus Rating
Carnival Co. & has received a consensus rating of Hold. The company's average rating score is 2.06, and is based on 5 buy ratings, 8 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.11, Carnival Co. & has a forecasted upside of 129.2% from its current price of $7.03.
Amount of Analyst Coverage
Carnival Co. & has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
10.73% of the float of Carnival Co. & has been sold short.
Short Interest Ratio / Days to Cover
Carnival Co. & has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Carnival Co. & has recently increased by 4.22%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Carnival Co. & does not currently pay a dividend.
Dividend Growth
Carnival Co. & does not have a long track record of dividend growth.

2.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Carnival Co. & has received a 19.82% net impact score from Upright. Carnival seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is driven by its "Cruises" product. See details.
Environmental Sustainability
The Environmental Impact score for Carnival Co. & is -4.56.

1.1

News and Social Media Coverage

News Sentiment
Carnival Co. & has a news sentiment score of -0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 27 news articles for Carnival Co. & this week, compared to 7 articles on an average week.
Search Interest
Only 143 people have searched for CCL on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.
MarketBeat Follows
Only 44 people have added Carnival Co. & to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Carnival Co. & insiders have not sold or bought any company stock.
Percentage Held by Insiders
12.50% of the stock of Carnival Co. & is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
50.56% of the stock of Carnival Co. & is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Carnival Co. & are expected to grow in the coming year, from ($3.72) to $0.74 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Carnival Co. & is -0.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Carnival Co. & is -0.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Carnival Co. & has a P/B Ratio of 0.56. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Carnival Co. & (NYSE:CCL) Stock

Carnival Corporation & plc is a leisure travel company operating a fleet of cruise ships, hotels, and resorts with international destinations. Brands under the Carnival Corporation umbrella include Carnival Cruise Line, Princess Cruises, Holland America, P&O Cruises, Seaborn, Costa Cruises, AIDA Cruises, and Cunard. The company’s goal is to provide extraordinary vacations at an exceptional value. As of 2022, the company laid claim to nearly half of the global cruising market share with several new ships in the works.

Carnival Cruise Line was launched in 1972 with one second-hand ship and a tank of fuel. The first port of call was San Juan, Puerto Rico, but soon more were added. The original growth strategy included a festive atmosphere, features and amenities unlike any other cruise line at the time. Slow to start, the growth strategy shifted into overdrive in 1980 when Carnival shocked the world by building its own ship. The Tropicale became an iconic name in the cruising industry and sparked a wave of shipbuilding that is still underway.

The company’s growth hit a new stride in 1987 following the IPO which floated 20% of the company on the open market. The proceeds from the IPO allowed the company to embark on a voyage of acquisition and now Carnival is the world’s largest travel and leisure business.

Today, Carnival Corporations’ 87 ships visit approximately 700 ports worldwide and employ more than 120,000 people while serving more than 13 million guests annually for a total of 85 million passenger cruise days per year. Net revenue, prior to the COVID-19 pandemic, peaked out at over $6.5 billion annually.

Carnival Cruise Line is the company’s largest brand serving guests on all coasts of North America. The brand's 22 ships make 1500 voyages per year with trips ranging from 2 days to 3 weeks and ports of call from the Caribbean to Alaska. The company's largest ship is named Panorama and can accommodate more than 4,000 passengers.

Carnival’s 9 brands provide access to a wide range of cruising styles and destinations including the Caribbean, Alaska, Australia, New Zealand, Hawaii, England, and ports in Asia. The company is headquartered in Miami, Florida and has offices around the world. The company also has the distinction of being the only company included in both the S&P 500 and FTSE 250 indices.

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CCL Stock News Headlines

September 14, 2022 | marketbeat.com

These 3 Reports Will Tell Us Much About the Current Economy

By the time these three companies share their latest results and outlooks, what lies ahead in Q4 could be a bit less murky.

September 1, 2022 | marketbeat.com

Will Royal Caribbean's Broadband Partnership Drive Revenue? (CCL)

Cruise lines such as Royal Caribbean are seeing a spike in bookings as Covid restrictions ease. But they are also investing in improvements to lure customers.

October 1, 2022 | seekingalpha.com

Carnival: Making Water

September 30, 2022 | seekingalpha.com

Carnival Corporation & plc (CCL) Q3 2022 Earnings Call Transcript