Carnival is a travel services business based in the US. Carnival shares (CCL.US) are listed on the NYSE and all prices are listed in US dollars. Its last market close was $18.11 – the same closing value as a week prior. Carnival employs 87,000 staff and has a trailing 12-month revenue of around $20 billion.
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November 27, 2023: Travel cruise company Carnival is having an outstanding year, with the stock price up by over 80% as the travel industry continues to recover. Some analysts believe there are more gains ahead (but the stock is still down 75% over the past 5 years).
November 26, 2023: Melius Research analyst Conor Cunningham upgraded an outlook of Buy from Hold and set a $19 price target, according to Benzinga.
November 20, 2023: Citi analyst James Hardiman reinstates coverage on Carnival Corporation with a Buy rating and a price target of $18. Meanwhile, Truist Securities analyst Patrick Scholes lowered the price target on Carnival Corporation to $15 from $17 while maintaining a Hold rating.
November 12, 2023: Shares of Carnival Corp. (CCL) inched 0.16% higher to $12.78 Monday. This was the stock's second consecutive day of gains. Carnival Corp. closed $6.77 below its 52-week high ($19.55), which the company reached on July 5th, according to MarketWatch.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Carnival's shares have ranged in value from as little as $7.53 up to $19.55. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Carnival's is 2.507. This would suggest that Carnival's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Historical closes compared with the last close of $18.11
| 1 week (2023-12-03) | 10.76% |
|---|---|
| 1 month (2023-11-10) | 41.93% |
| 3 months (2023-09-10) | 17.14% |
| 6 months (2023-06-10) | 16.09% |
| 1 year (2022-12-10) | 104.17% |
| 2 years (2021-12-10) | -6.07% |
| 3 years (2020-12-10) | -15.06% |
| 5 years (2018-12-10) | -66.24% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.
Note: The dollar amounts in the table below are in Canadian dollars.
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Carnival P/E ratio, PEG ratio and EBITDA
Carnival's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.41. A PEG ratio over 1 can be interpreted as meaning shares are overvalued at the current rate of growth, or may anticipate an acceleration in growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Carnival's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Carnival's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $3.2 billion ($4.3 billion CAD).
The EBITDA is a measure of a Carnival's overall financial performance and is widely used to measure a its profitability.
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