Is Carnival Corp. (NYSE: CCL)’s Stock Ready To Increase In Value?

In today’s recent session, 57.69 million shares of the Carnival Corp. (NYSE:CCL) have been traded, and its beta is 2.67. Most recently the company’s share price was $17.64, and it changed around $1.25 or 7.60% from the last close, which brings the market valuation of the company to $22.35B. CCL at last check was trading at a discount to its 52-week high of $19.74, offering almost -11.9% off that amount. The share price’s 52-week low was $10.84, which indicates that the recent value has risen by an impressive 38.55% since then. We note from Carnival Corp.’s average daily trading volume that its 3-month average coming to 30.88 million.

Carnival Corp. stock received a consensus recommendation rating of Hold, based on a mean score of 1.62. If we narrow it down even further, the data shows that 1 out of 25 analysts rate the stock as a Sell; another 9 rate it as Overweight. Among the rest, 9 recommended CCL as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Carnival Corp. is expected to report earnings per share of -0.02 for the current quarter.

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Carnival Corp. (NYSE:CCL) trade information

Instantly CCL has been showing a green trend so far today with a performance of 7.60% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -4.88% year-to-date, but still up 12.40% over the last five days. On the other hand, Carnival Corp. (NYSE:CCL) is 19.32% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $22.54, which translates to bulls needing to increase their stock price by 21.74% from its current value. Analyst projections state that CCL is forecast to be at a low of $13 and a high of $38.

Carnival Corp. (CCL) estimates and forecasts

The year-over-year growth rate is expected to be 13.90%, up from the previous year.

Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 5.68B in revenue for the current quarter. 16 analysts expect Carnival Corp. to make 7.76B in revenue for the current ending quarter.

CCL Dividends

Carnival Corp.’s next quarterly earnings report is expected to be released in July.