Carnival Corporation & Plc (NYSE:CUK) has a beta value of 1.9 and has seen 2,371,646 shares traded in the recent trading session. The company, currently valued at $9.34 Billion, closed the recent trade at $13.6 per share which meant it lost -$1 on the day or -6.85% during that session. The CUK stock price is -260.52% off its 52-week high price of $49.03 and 47.94% above the 52-week low of $7.08. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.91 Million shares traded. The 3-month trading volume is 1.84 Million shares.
The consensus among analysts is that Carnival Corporation & Plc (CUK) is a Hold stock at the moment, with a recommendation rating of 0. 3 analysts rate the stock as a Sell, while none rate it as Overweight. 15 out of 20 have rated it as a Hold, with 1 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.
Carnival Corporation & Plc (NYSE:CUK) trade information
Despite being -6.85% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Sep 10 when the CUK stock price touched $15.27- or saw a rise of 11.33%. Year-to-date, Carnival Corporation & Plc shares have moved -71.89%, while the 5-day performance has seen it change -10.57%. Over the past 30 days, the shares of Carnival Corporation & Plc (NYSE:CUK) have changed 3.6%. Short interest in the company has seen 1.88 Million shares shorted with days to cover at 1.02.
Wall Street analysts have a consensus price target for the stock at $15, which means that the shares’ value could jump 10.29% from current levels. The projected low price target is $9.93 while the price target rests at a high of $24. In that case, then, we find that the current price level is +76.47% off the targeted high while a plunge would see the stock lose -26.99% from current levels.
Carnival Corporation & Plc (CUK) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +22.6% over the past 5 years. Earnings growth for 2020 is a modest -2.7% while over the next 5 years, the company’s earnings are expected to increase by 13.4%.
Carnival Corporation & Plc is expected to release its next earnings report between September 24 and September 28 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2 at a share yield of 13.83%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.16%.
Carnival Corporation & Plc (NYSE:CUK)’s Major holders
Insiders own 0% of the company shares, while shares held by institutions stand at 7.97% with a share float percentage of 7.97%. Investors are also buoyed by the number of investors in a company, with Carnival Corporation & Plc having a total of 132 institutions that hold shares in the company. The top two institutional holders are Goldman Sachs Group, Inc. with over 1.43 Million shares worth more than $17.96 Million. As of June 29, 2020, Goldman Sachs Group, Inc. held 15.66% of shares outstanding.
The other major institutional holder is Renaissance Technologies, LLC, with the holding of over 1.34 Million shares as of June 29, 2020. The firm’s total holdings are worth over $16.85 Million and represent 14.7% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Goldman Sachs International Equity Insights Fund and DFA International Core Equity Portfolio. As of April 29, 2020, the former fund manager holds about 2.03% shares in the company for having 184658 shares of worth $2.57 Million while later fund manager owns 128.4 Thousand shares of worth $1.79 Million as of April 29, 2020, which makes it owner of about 1.41% of company’s outstanding stock.