In the latest trading session, 4.44 million Carnival Corp (NYSE:CCL) shares changed hands as the company’s beta touched 2.64. With the company’s most recent per share price at $24.77 changing hands around $0.26 or 1.08% at last look, the market valuation stands at $30.99B. CCL’s current price is a discount, trading about -9.69% off its 52-week high of $27.17. The share price had its 52-week low at $13.78, which suggests the last value was 44.37% up since then. When we look at Carnival Corp’s average trading volume, we note the 10-day average is 18.79 million shares, with the 3-month average coming to 21.22 million.
Analysts gave the Carnival Corp (CCL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.62. 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 0.02.
Carnival Corp (NYSE:CCL) trade information
Instantly CCL is in green as seen in intraday trades today. With action 3.92%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -0.58%, with the 5-day performance at 3.92% in the green. However, in the 30-day time frame, Carnival Corp (NYSE:CCL) is -5.37% down. Looking at the short shares, we see there were 66.94 million shares sold at short interest cover period of 3.02 days.
The consensus price target for the stock as assigned by Wall Street analysts is 24, meaning bulls need a downside of -3.21% from its recent market value. According to analyst projections, CCL’s forecast low is 19 with 29 as the target high. To hit the forecast high, the stock’s price needs a -17.08% plunge from its current level, while the stock would need to tank 23.29% for it to hit the projected low.
Carnival Corp (CCL) estimates and forecasts
Data shows that the Carnival Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 29.17% over the past 6 months, a 24.65% in annual growth rate that is considerably higher than the industry average of 6.80%. Year-over-year growth is forecast to reach 4.02% up from the last financial year.
Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of 5.75B. 17 analysts are of the opinion that Carnival Corp’s revenue for the current quarter will be 6.18B. The company’s revenue for the corresponding quarters a year ago was 5.41B and 5.78B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 6.32%. The estimates for the next quarter sales put growth at 6.97%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -19.73%. The 2025 estimates are for Carnival Corp earnings to increase by 25.30%.
CCL Dividends
Carnival Corp is expected to release its next quarterly earnings report in February. 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 7.64% of Carnival Corp shares while 62.19% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 67.34%. There are 62.19% 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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 30.26 shares estimated at $749.44 million under it, the former controlled 2.62% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.29% of the shares, roughly 26.46 shares worth around $655.21 million.
