For its third fiscal quarter (ending August 31), Carnival Corporation & Plc (NYSE: CCL) has reported E.P.S. of $1.37 compared to $0.85 a year ago. For the latest four quarters through August 31, E.P.S. were $1.23 versus $-1.29 for the same period a year ago.
Recent Price Action
Carnival Corporation & Plc (NYSE: CCL) stock declined slightly by -0.3% on 9/30/24. The stock closed at $18.48. Moreover, this decline was accompanied by exceptionally high trading volume at 249% of normal. The stock has performed in line with the market over the last nine months and has declined -2.7% 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 slightly negative Appreciation Score of 32 but a good Power Rating of 73, 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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