Carnival Stock Forecast, Price & News

Carnival's stock was trading at $21.75 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CCL stock has decreased by 30.7% and is now trading at $15.07.
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23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carnival in the last year. There are currently 5 sell ratings, 12 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Carnival.

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

Carnival declared a quarterly dividend on Thursday, January 16th. Investors 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 yield of 13.27%. The ex-dividend date is Thursday, February 20th.
View Carnival's dividend history.

23 brokerages have issued 12-month price targets for Carnival's shares. Their forecasts range from $10.00 to $50.00. On average, they expect Carnival's share price to reach $20.25 in the next year. This suggests a possible upside of 34.4% from the stock's current price.
View analysts' price targets for Carnival.

Press coverage about CCL stock has trended negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Carnival earned a daily sentiment score of -2.8 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect 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 volume of 44,160,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 18.5% of the shares of the company are short sold.
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), NVIDIA (NVDA), Boeing (BA), Bank of America (BAC) and American Airlines Group (AAL).

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 investors 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 purchased 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 $15.07.

Carnival has a market capitalization of $10.55 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.