Recent significant positive changes in fundamentals have benefitted Carnival Corporation & Plc (NYSE: CCL): the consensus estimate for November, 2024 increased significantly, significant quarterly sales acceleration occurred, and the consensus estimate for November, 2025 increased significantly.
Extremely significant positive changes in Carnival Corporation & Plc (NYSE: CCL) investment behavior have recently occurred: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Carnival has a poor Appreciation Score of 28 but a good Power Rating of 76, triggering the Neutral Value Trend Rating.
Recent Price Action
Carnival Corporation & Plc (NYSE: CCL) stock closed at $18.32 on 7/15/24 after a modest gain of 0.5%. However, below average trading volume at 82% of normal accompanied the advance. The stock has risen 6.4% during the last week and has performed in line with the market over the last nine months.
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