In the last trading session, 67.82 million Carnival Corp. (NYSE:CCL) shares changed hands as the company’s beta touched 2.70. With the company’s per share price at $18.48 changed hands at -$0.06 or -0.32% during last session, the market valuation stood at $23.42B. CCL’s last price was a discount, traded about -6.82% off its 52-week high of $19.74. The share price had its 52-week low at $10.84, which suggests the last value was 41.34% up since then. When we look at Carnival Corp.’s average trading volume, we note the 10-day average is 34.53 million shares, with the 3-month average coming to 26.57 million.
Analysts gave the Carnival Corp. (CCL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.72. If we narrow down to specifics, the data shows that 1 out of 25 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended CCL as a Hold, 20 felt it is a Buy and 0 rated the stock as Underweight. Carnival Corp.’s EPS for the current quarter is expected to be 1.16.
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Carnival Corp. (NYSE:CCL) trade information
Instantly CCL was in red as seen at the end of in last trading. With action -2.58%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -0.32%, with the 5-day performance at -2.58% in the red. However, in the 30-day time frame, Carnival Corp. (NYSE:CCL) is 11.73% up. Looking at the short shares, we see there were 84.7 million shares sold at short interest cover period of 3.64 days.
The consensus price target for the stock as assigned by Wall Street analysts is 22, meaning bulls need an upside of 16.0% from its current market value. According to analyst projections, CCL’s forecast low is 13.5 with 38 as the target high. To hit the forecast high, the stock’s price needs a -105.63% plunge from its current level, while the stock would need to tank 26.95% for it to hit the projected low.
Carnival Corp. (CCL) estimates and forecasts
Year-over-year growth is forecast to reach 15.20% up from the last financial year.
Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of 7.83B. 16 analysts are of the opinion that Carnival Corp.’s revenue for the current quarter will be 5.89B. The estimates for the next quarter sales put growth at 9.10%.
CCL Dividends
Carnival Corp. is expected to release its next quarterly earnings report in November. During the past 5 years, the average dividend yield was 4.21 per year.
Carnival Corp. (NYSE:CCL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.86% of Carnival Corp. shares while 63.52% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 68.93%. There are 63.52% institutions holding the Carnival Corp. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.985% of the shares, roughly 113.84 million CCL shares worth $2.13 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.4275% or 68.77 million shares worth $1.29 billion as of 2024-06-30.
