Stocks of Carnival Corp (NYSE:CCL) traded higher last session on Wall Street, up 0.82% to $24.51.
CCL stock price is now 19.68% away from the 50-day moving average and 43.49% away from the 200-day moving average. The market capitalization of the company currently stands at $30.71B.
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With the price target of $21, Mizuho recently initiated with Buy rating for Carnival Corp (NYSE: CCL). On March 13, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $20, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, BAND SIR JONATHON, Director sold 17,500 shares of the company’s stock on Oct 29 ’24. The stock was sold for $380,100 at an average price of $21.72. Upon completion of the transaction, the Director now directly owns 65,789 shares in the company, valued at $1.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 29 ’24, Director BAND SIR JONATHON bought 17,500 shares of the business’s stock. A total of $365,925 was incurred on buying the stock at an average price of $20.91. A total of 21.23% of the company’s stock is owned by insiders.
During the past 12 months, Carnival Corp has had a low of $13.78 and a high of $24.99. As of last week, the company has a debt-to-equity ratio of 3.52, a current ratio of 0.27, and a quick ratio of 0.23. The fifty day moving average price for CCL is $20.3104 and a two-hundred day moving average price translates $17.0408 for the stock.
The latest earnings results from Carnival Corp (NYSE: CCL) was released for 2024-08-31. The net profit margin was 6.39% and return on equity was 20.12% for CCL. The company reported revenue of $7.9 billion for the quarter, compared to $6.85 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.2 percent.
