NYSE:CCL

Carnival Co. & Stock Forecast, Price & News

$8.74

-0.64 (-6.82%)

(As of 07/6/2022 12:00 AM ET)

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Today's Range: $8.70
▼
$9.53
50-Day Range: $8.65
▼
$17.83
52-Week Range: $8.10
▼
$27.39

Volume: 51.95 million shs
Average Volume: 41.54 million shs
Market Capitalization: $8.69 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $18.25

Carnival Co. & MarketRank™ Forecast

Analyst Rating: Hold
2.12 Rating Score
Upside/Downside: 108.8% Upside
$18.25 Price Target
Short Interest: Bearish
14.66% of Float Sold Short
Dividend Strength: N/A
Sustainability: -4.56
Upright™ Environmental Score
News Sentiment: -0.20
Based on 25 Articles This Week
Insider Trading: Acquiring Shares
$1.18 M Bought Last Quarter
Proj. Earnings Growth: Growing
From ($3.27) to $0.94 Per Share

Overall MarketRank^™

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.47 out of 5 stars

Consumer Discretionary Sector

67th out of 404 stocks

Water Transportation Industry

2nd out of 24 stocks

4.1 Analyst's Opinion

Consensus Rating
Carnival Co. & has received a consensus rating of Hold. The company's average rating score is 2.12, and is based on 5 buy ratings, 9 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $18.25, Carnival Co. & has a forecasted upside of 108.8% from its current price of $8.74.
Amount of Analyst Coverage
Carnival Co. & has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0 Short Interest

Percentage of Shares Shorted
14.66% 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 3.1, 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 9.16%, indicating that investor sentiment is decreasing significantly.

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.

1.8 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.

2.7 News and Social Media Coverage

News Sentiment
Carnival Co. & has a news sentiment score of -0.20. 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 0.67 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 25 news articles for Carnival Co. & this week, compared to 7 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 11 reddit mentions for Carnival Co. & this week, compared to 4 mentions on an average week.
Search Interest
287 people have searched for CCL on MarketBeat in the last 30 days. This is an increase of 79% compared to the previous 30 days.
MarketBeat Follows
137 people have added Carnival Co. & to their MarketBeat watchlist in the last 30 days. This is an increase of 125% compared to the previous 30 days.

4.2 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Carnival Co. & insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,176,000.00 in company stock and sold $0.00 in 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
65.38% of the stock of Carnival Co. & is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Carnival Co. & are expected to grow in the coming year, from ($3.27) to $0.94 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Carnival Co. & is -1.08, 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 -1.08, 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 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Carnival Co. & (NYSE:CCL) Stock

Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches. It sells its cruises primarily through travel agents, tour operators, vacation planners, and websites. The company operates in the United States, Canada, Continental Europe, the United Kingdom, Australia, New Zealand, Asia, and internationally. It operates 87 ships with 223,000 lower berths. Carnival Corporation & plc was founded in 1972 and is headquartered in Miami, Florida.

July 5, 2022 | marketbeat.com

5 Reasons to Climb Aboard Carnival Stock

The cruise industry has a secret weapon—major pent-up travel demand. This combined with the following five forces should keep the wind at Carnival’s sails regardless of how choppy the economic waters get.

June 24, 2022 | marketbeat.com

Carnival shares cruise higher on gains in revenue, bookings

Shares of Carnival Corp. have surged after it reported higher revenue, occupancy levels on its cruise ships, and bookings for future trips

July 7, 2022 | Investing Daily (Ad)

27 U.S. Cities Where Stocks Yield 26% a Year

What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.

June 24, 2022 | marketbeat.com

Wells Fargo, Carnival rise; CalAmp, Lending Tree fall

Stocks that traded heavily or had substantial price changes Friday: Wells Fargo, Carnival rise; CalAmp, Lending Tree fall

June 17, 2022 | marketbeat.com

Cruise ships adding sports betting options for passengers

The fast-growing legal sports betting industry is extending its reach to the middle of the ocean

July 6, 2022 | fool.com

Why AMC Entertainment, Carnival, and Norwegian Cruise Lines Dropped Today

July 6, 2022 | stocknews.com

Should Investors Buy This Cruise Stock Down More than 50%?

July 5, 2022 | stocknews.com

Cruise Lines Sank This Week, are CCL and NCLH Value Picks Now?

July 7, 2022 | Tradewins (Ad)

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