Carnival's stock is down 26% from the recent highs it hit in early June over fears that the delta variant of COVID-19 would sink the travel and tourism industry 's recovery, which was only just getting started.
Full Answer
What is the stock price of Carnival Corporation of America?
Jul 22, 2021 · In Thursday trading, Carnival stock is going down again -- falling 2.4% through 10:30 a.m. EDT -- and the reason this time is because of how Carnival plans to …
Does Carnival Co&stock pay a dividend?
Jul 13, 2021 · For the second day in a row, Carnival stock is sinking. After falling 1.6% from Friday's close on Monday, shares of the cruise ship operator are down another 2.5% as of 11:11 a.m. EDT on Tuesday ...
How many shares of Carnival are shorted per day?
Oct 25, 2021 · What happened. Shares of Carnival ( CCL 7.15% ) ( CUK 7.62% ) fell 2% as of 1:39 a.m. EDT Monday after the cruise company got hit with a downgrade from analysts at Citigroup. Citi cut its rating ...
Is carnival stock still a buy after Citi cut its target price?
Jul 07, 2021 · What happened. For the third day in a row, Carnival Corp. stock is sinking -- down 3% as of 1 p.m. EDT. But here's something that may surprise you: While it seems clear why investors have decided ...
Why is Carnival Shares dropping?
Carnival stock continues to be volatile because the future of the business is so uncertain. Customers seem to be coming back, and the company is expanding service, but it's a long way from making enough money to pay back enormous debts.
Is CCL stock a good buy?
Out of 10 analysts, 0 (0%) are recommending CCL as a Strong Buy, 2 (20%) are recommending CCL as a Buy, 6 (60%) are recommending CCL as a Hold, 0 (0%) are recommending CCL as a Sell, and 2 (20%) are recommending CCL as a Strong Sell.
Will Carnival cruise stocks Bounce Back?
If recent predictions are correct, the cruise line industry will return to pre-pandemic revenue levels in 2023 or 2024. As the cruise industry picks back up, CCL stock is almost certain to rebound. This means investors who buy the dip here are likely to be handsomely rewarded, as they were back in early 2020.Dec 14, 2021
Should I sell my Carnival stock?
Stockchase rating for Carnival Corp. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
Is Carnival stock expected to go up?
CCL stock is set to rise after Carnival announces its earnings for the quarter ending Feb. 28 and a refreshed 2022 outlook. At $17.21 per share as of March 11, Carnival stock has started to move up from its trough price of $15.53 on March 7. However, this is after having dropped precipitously from $26.17 on Sept.Mar 14, 2022
Is Carnival a buy or sell?
Consensus Rating Carnival Co. & has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 4 buy ratings, 7 hold ratings, and 4 sell ratings.
Will cruise line stocks recover?
Norwegian Cruise Line Holdings (NYSE:NCLH) has underperformed in 2021, and that could hold true for 2022 as well. Higher debt levels, dilution, and ongoing COVID issues on cruise ships pose headwinds, although an eventual business recovery is likely.Jan 5, 2022
Will cruise stocks come back?
Despite being one of the hardest-hit industries by the pandemic, cruise line stocks are coming back in fits and starts. Recovery has been uneven, and some of the cruise industry's early gains have been lost as the Omicron variant tempers demand.Jan 4, 2022
Is Carnival stock overvalued?
The Verdict: At its current price, Carnival stock appears to be overvalued based on a sampling of common fundamental valuation metrics.Dec 22, 2021
Is CCL overvalued?
While CCL stock has been rallying among other discretionary stocks, reality has started setting in now, and most of the gains have now been wiped away. In the past month, the share price lost 16.8%. The stock is still gross overvalued, as it trades at over 27 times its forward enterprise value to sales.Jul 4, 2021
What is the prediction for Carnival stock?
Stock Price Forecast The 16 analysts offering 12-month price forecasts for Carnival Corp have a median target of 21.00, with a high estimate of 38.00 and a low estimate of 17.00. The median estimate represents a +6.90% increase from the last price of 19.65.
And why Citigroup prefers Norwegian Cruise Line over Carnival
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of Carnival ( NYSE:CCL) ( NYSE:CUK) fell 2% as of 1:39 a.m. EDT Monday after the cruise company got hit with a downgrade from analysts at Citigroup.
So what
Citi's price target cut implies there's still about 12% upside in Carnival stock -- that's the good news. The bad news is that the cut also implies a 28% decline in the analyst's estimate of Carnival's total value.
Now what
Unsurprisingly then, given the analyst's continued belief that cruise lines in general are recovering, Citi argues that Norwegian Cruise "will deliver more attractive returns to shareholders relative to Carnival." And so at the same time as the banker is downgrading Carnival stock, Citi is initiating coverage of Norwegian Cruise stock with a buy rating..
About Carnival Co. &
Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others.
Carnival Co. & (NYSE:CCL) Frequently Asked Questions
15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Carnival Co. & in the last year. There are currently 2 sell ratings, 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Carnival Co. & stock.