Carnival Corporation & Plc (NYSE: CCL) has reported E.P.S. of $-0.17 for its first fiscal quarter (ending February 28) versus $-0.55 for the same period a year ago. E.P.S. were $0.32 for the latest four quarters through February 28 versus $-4.08 for the same period a year ago.
Recent Price Action
Carnival Corporation & Plc (NYSE: CCL) stock closed at $17.19 on 3/27/24 after a modest gain of 0.9%. Moreover, exceptionally high trading volume at 340% of normal accompanied the advance. The stock has risen 6.9% during the last week and has performed in line with the market over the last nine months.
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 (Low 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 24 but a slightly positive Power Rating of 68, resulting in the Low 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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