Carnival Corporation & Plc (NYSE: CCL) has reported earnings for its second fiscal quarter (ending May 31) of $0.07 versus a loss $-0.32 for the same period a year ago. For the latest four quarters through May 31, E.P.S. were $0.71 versus $-2.79 for the same period a year ago.
Recent Price Action
On 6/25/24, Carnival Corporation & Plc (NYSE: CCL) stock enjoyed a very large increase of 8.7%, closing at $17.82. Moreover, exceptionally high trading volume at 362% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 16.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CCL is expected to continue to be a major Value Builder.
Carnival has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Carnival has a poor Appreciation Score of 28 but a slightly positive Power Rating of 70, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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