Let’s Discuss The Carnival Corp. (NYSE: CCL) Stock Forecast.

In the last trading session, 35.33 million shares of the Carnival Corp. (NYSE:CCL) were traded, and its beta was 2.70. Most recently the company’s share price was $18.87, and it changed around $0.86 or 4.78% from the last close, which brings the market valuation of the company to $23.91B. CCL currently trades at a discount to its 52-week high of $19.74, offering almost -4.61% off that amount. The share price’s 52-week low was $10.84, which indicates that the current value has risen by an impressive 42.55% since then. We note from Carnival Corp.’s average daily trading volume that its 10-day average is 37.31 million shares, with the 3-month average coming to 27.67 million.

Carnival Corp. stock received a consensus recommendation rating of Hold, based on a mean score of 1.67. 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.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Carnival Corp. (NYSE:CCL) trade information

Instantly CCL has showed a green trend with a performance of 4.78% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 18.99 on recent trading dayincreased the stock’s daily price by 0.63%. The company’s shares are currently up 1.78% year-to-date, but still up 4.72% over the last five days. On the other hand, Carnival Corp. (NYSE:CCL) is 17.72% up in the 30-day period. We can see from the shorts that 84.7 million shares have been sold at a short interest cover period of 3.64 day(s).

The consensus price target as assigned by Wall Street analysts is $22, which translates to bulls needing to increase their stock price by 14.23% from its current value. Analyst projections state that CCL is forecast to be at a low of $16.5 and a high of $38.

CCL Dividends

Carnival Corp.’s next quarterly earnings report is expected to be released in November. The average dividend yield for the past five years averaged 4.21 per year.

Carnival Corp. (NYSE:CCL)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 7.64% of Carnival Corp. shares, and 62.06% of them are in the hands of institutional investors. The stock currently has a share float of 67.20%. Carnival Corp. stock is held by 1169.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.985% of the shares, which is about 113.84 million shares worth $2.13 billion.

BLACKROCK INC., with 5.4275% or 68.77 million shares worth $1.29 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.