Carnival Corporation & Plc (NYSE: CCL). Extremely significant positive changes in investment behavior have recently occurred: the stock rose on very heavy volume, and its shorter term price trend turned up.
Significant positive changes in Carnival Corporation & Plc (NYSE: CCL) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
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). 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 33 but a good Power Rating of 73, leading to the Neutral Value Trend Rating.
Recent Price Action
Carnival Corporation & Plc (NYSE: CCL) stock enjoyed a very large increase of 7.0% on 10/9/24. The shares closed at $20.20. Moreover, trading volume in this advance was exceptionally high at 243% of normal. The stock has been strong relative to the market over the last nine months and has risen 12.1% during the last week.
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