Stock Rating Downgrade
In the last week the Value Trend Rating for Carnival Corporation & Plc (NYSE: CCL) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 1/5/24, Carnival Corporation & Plc (NYSE: CCL) stock enjoyed a large increase of 2.8%, closing at $17.33. NORMAL trading volume accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -6.5% during the last week.
Current PriceTarget Research Rating
CCL is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Carnival has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Carnival has a poor Appreciation Score of 29 but a very high Power Rating of 97, and the High Neutral Value Trend Rating results.
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