Carnival Corp (NYSE:CCL) has a beta value of 2.67 and has seen 17.55 million shares traded in the last trading session. The company, currently valued at $28.17B, closed the last trade at $22.45 per share which meant it gained $0.54 on the day or 2.46% during that session. The CCL stock price is -2.67% off its 52-week high price of $23.05 and 46.46% above the 52-week low of $12.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 22.4 million shares traded. The 3-month trading volume is 27.64 million shares.
The consensus among analysts is that Carnival Corp (CCL) is Buy stock at the moment, with a recommendation rating of 1.75. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 25 have rated it as a Hold, with 20 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.06.
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Carnival Corp (NYSE:CCL) trade information
Sporting 2.46% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CCL stock price touched $22.45 or saw a rise of 2.6%. Year-to-date, Carnival Corp shares have moved 21.09%, while the 5-day performance has seen it change 1.58%. Over the past 30 days, the shares of Carnival Corp (NYSE:CCL) have changed 24.65%. Short interest in the company has seen 66.96 million shares shorted with days to cover at 1.86.
Wall Street analysts have a consensus price target for the stock at $22, which means that the shares’ value could drop -2.05% from current levels. The projected low price target is $16.5 while the price target rests at a high of $38.0. In that case, then, we find that the current price level is -69.27% off the targeted high while a plunge would see the stock lose 26.5% from current levels.
Carnival Corp (CCL) estimates and forecasts
The company’s shares have gained 58.99% over the past 6 months, compared to 7.30% for the industry. Revenue growth from the last financial year stood is estimated to be 15.80%.
15 analysts offering their estimates for the company have set an average revenue estimate of 5.92B for the current quarter. 10 have an estimated revenue figure of 5.69B for the next ending quarter.
CCL Dividends
Carnival Corp is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Carnival Corp (NYSE:CCL)’s Major holders
Insiders own 7.64% of the company shares, while shares held by institutions stand at 62.15% with a share float percentage of 67.29%. Investors are also buoyed by the number of investors in a company, with Carnival Corp having a total of 1166.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 113.84 million shares worth more than $2.13 billion. As of 2024-06-30, VANGUARD GROUP INC held 8.985% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 68.77 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.29 billion and represent 5.4275% of shares outstanding.
