Mizuho has recently initiated Carnival Corp (CCL) stock to Buy rating, as announced on March 26, 2024, according to Finviz. Earlier, on March 13, 2024, Goldman had initiated the stock to Buy, setting a price target of $20. Wells Fargo also raised Overweight rating with a price target of $22. Additionally, Citigroup resumed Buy rating on November 21, 2023, with a target price of $18. William Blair analysts, in their report published on October 2, 2023, also resumed Outperform rating for Carnival Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Carnival Corp (CCL) Stock Trading Recap
On Tuesday, Carnival Corp (CCL) stock saw a modest uptick, ending the day at $22.45 which represents a slight increase of $0.54 or 2.46% from the prior close of $21.91. The stock opened at $21.94 and touched a low of $21.94 during the day, reaching a high of $22.67. The volume of shares traded was 17.55 million falling short of the average volume of 27.64 million.
CCL Stock Performance and Moving Averages
In recent trading, Carnival Corp (CCL) stock price has shown some volatility, fluctuating 1.58% over the last five trades and 24.65% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 58.99%, and it has gained 60.24% in the previous three months. Currently, CCL is trading at 5.18%, 17.88%, and 34.24% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, CCL, a Consumer Cyclical sector stock, is trading -2.60% below its 52-week high but remains 86.77% above its 52-week low. The Average True Range (ATR) (14 days) of 0.72 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Carnival Corp’s Profitability and Valuation Ratios
Carnival Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 13.89% and a profit margin of 6.39%, with a gross margin of 58.99%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Carnival Corp’s market capitalization stands at $28.17 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 19.99, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 13.05. Additionally, the Price-to-Sales Ratio is 1.15, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 3.31, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 21.22% of Carnival Corp (CCL)’s shares, while financial institutions hold 55.96%.
Notable insider trades include BAND SIR JONATHON, Director at Carnival Corp (CCL), who sold 17500 shares on Oct 29 ’24, at $21.72 each, totaling $0.38 million. On Feb 15 ’24, Bernstein David, CFO & CAO, sold 153995 shares for $15.37 each, amounting to $2.37 million. Additionally, on Jan 19 ’24, Bernstein David sold 34020 shares at $17.05 each, generating $0.58 million.
