Extremely important positive changes in investment behavior have recently occurred for Carnival Corporation & Plc (NYSE: CCL): the stock’s recent price rise disrupted its longer term downtrend, and its longer term price trend turned up.
Carnival Corporation & Plc (NYSE: CCL). Important positive changes in fundamentals have recently occurred: the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.
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). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Carnival has a slightly negative Appreciation Score of 31 but a good Power Rating of 70, and the Neutral Value Trend Rating results.
Recent Price Action
On 6/5/24, Carnival Corporation & Plc (NYSE: CCL) stock rose slightly by 0.06%, closing at $16.95. NORMAL trading volume accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 8.3% during the last week.
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