Stock Rating Downgrade
In recent days the Value Trend Rating for Carnival Corporation & Plc (NYSE: CCL) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 12/1/23, Carnival Corporation & Plc (NYSE: CCL) stock enjoyed a large increase of 4.6%, closing at $15.76. NORMAL trading volume accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 8.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CCL is expected to continue to be a major Value Builder.
Carnival has a current Value Trend Rating of C (High 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 23 but a very high Power Rating of 98, and the High Neutral Value Trend Rating results.
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