Those With A Risk-Tolerant Portfolio Can Expect A Bright Future From Carnival Corporation & plc (NYSE: CCL) – Marketing Sentinel
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Those With A Risk-Tolerant Portfolio Can Expect A Bright Future From Carnival Corporation & plc (NYSE: CCL)

During the recent session, Carnival Corporation & plc (NYSE:CCL)’s traded shares were 13.79 million, with the beta value of the company hitting 2.12. At the last check today, the stock’s price was $10.05, reflecting an intraday gain of 3.08% or $0.3. The 52-week high for the CCL share is $27.39, that puts it down -172.54 from that peak though still a striking 19.4% gain since the share price plummeted to a 52-week low of $8.10. The company’s market capitalization is $11.68B, and the average intraday trading volume over the past 10 days was 58.64 million shares, and the average trade volume was 53.41 million shares over the past three months.

Carnival Corporation & plc (NYSE:CCL) trade information

Carnival Corporation & plc (CCL) registered a 3.08% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.08% in intraday trading to $10.05 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 7.14%, and it has moved by 11.56% in 30 days. Based on these gigs, the overall price performance for the year is -53.66%. The short interest in Carnival Corporation & plc (NYSE:CCL) is 137.07 million shares and it means that shorts have 2.37 day(s) to cover.

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The consensus price target of analysts on Wall Street is $12.67, which implies an increase of 20.68% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7.00 and $29.00 respectively. As a result, CCL is trading at a discount of -188.56% off the target high and 30.35% off the low.

Carnival Corporation & plc (CCL) estimates and forecasts

Statistics show that Carnival Corporation & plc has outperformed its competitors in share price, compared to the industry in which it operates. Carnival Corporation & plc (CCL) shares have gone down -53.24% during the last six months, with a year-to-date growth rate more than the industry average at 46.88% against 27.20. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 96.10% this quarter and then jump 86.80% in the quarter after that. In the rating firms’ projections, revenue will increase 690.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $4.82 billion as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $4.61 billion by the end of Nov 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $715.58 million and $1.14 billion respectively. In this case, analysts expect current quarter sales to grow by 573.90% and then jump by 304.90% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -33.70%. While earnings are projected to return 35.90% in 2022, the next five years will return 9.95% per annum.

CCL Dividends

Carnival Corporation & plc is due to release its next quarterly earnings between April 05 and April 11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Carnival Corporation & plc (NYSE:CCL)’s Major holders

Carnival Corporation & plc insiders own 8.03% of total outstanding shares while institutional holders control 48.47%, with the float percentage being 52.70%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 993 institutions own stock in it. As of Mar 30, 2022, the company held over 90.11 million shares (or 9.06% of all shares), a total value of $1.82 billion in shares.

The next largest institutional holding, with 50.83 million shares, is of Public Investment Fund’s that is approximately 5.11% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $1.03 billion.

Also, the Mutual Funds coming in first place with the largest holdings of Carnival Corporation & plc (CCL) shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 24.47 million shares. This amounts to just over 2.46 percent of the company’s overall shares, with a $494.82 million market value. The same data shows that the other fund manager holds slightly less at 19.04 million, or about 1.91% of the stock, which is worth about $384.91 million.

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