Why is CCL stock down 8% today?
Currently, CCL stock is down more than 8%. Much of this move appears related to the increasingly bearish market environment. As interest rates continue to rise, investors are repricing risk assets in a big way. For assets across the board, this has provided a significant headwind.
Why is Carnival (CCL) down 8% on Monday?
One stock that is particularly struggling on Monday is Carnival (NYSE: CCL ). Currently, CCL stock is down more than 8%. Much of this move appears related to the increasingly bearish market environment. As interest rates continue to rise, investors are repricing risk assets in a big way.
Why are cruise stocks plunging down?
Since this week began, they have been plunging downward as the Russian navy’s presence on the Black Sea has forced cruise lines to halt or re-route operations. As noted, this season was difficult for cruise stocks before Russia launched any attacks.
Will carnival's stock sink after Norwegian Cruise's $1 billion net loss?
But Carnival's stock sank the following week after its competitor, Norwegian Cruise Line Holdings, announced a $1 billion net loss and lower-than-expected revenue in the first quarter, and indicated that the second quarter could be a net loss, too.
Is CCL a buy right now?
Out of 12 analysts, 0 (0%) are recommending CCL as a Strong Buy, 2 (16.67%) are recommending CCL as a Buy, 8 (66.67%) are recommending CCL as a Hold, 0 (0%) are recommending CCL as a Sell, and 2 (16.67%) are recommending CCL as a Strong Sell. What is CCL's earnings growth forecast for 2022-2024?
Why is Carnival cruise stock dropping?
Carnival (NYSE: CCL) is watching shares fall today after projecting a loss for the coming year. The company has experienced several setbacks due to Covid-19 surges. This time, however, the rising cost of fuel spurred by the Russia-Ukraine conflict has Wall Street worried about CCL stock.
What is the prediction for CCL stock?
Carnival Corp (NYSE:CCL) The 17 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 13.00. The median estimate represents a +90.22% increase from the last price of 11.04.
Is CCL going out of business?
But at the same time, Carnival will remain the largest cruise line in the world. It isn't dead, it isn't going bankrupt, and no other cruise line is going to usurp its position in the industry. That's why it remains very difficult to bet against it, despite the ongoing pandemic.
Will Carnival Cruise recover?
In May, when the Splendor begins service out of Seattle, all 23 Carnival Cruise Line ships will be back in service, Chiames said. “We're really excited about that,” Chiames said. “We've always had tremendous loyalty from our guests and they … clearly expressed a desire to get back to cruising.”
Will Carnival shares go up?
In its fiscal first quarter this year, Carnival had around 1.1 billion shares, up by about 65% since November 2019. The company has said that its interest expense this year will be about $1.5 billion....Company / TickerFiscal 2019 YearendLatest QuarterDiluted Shares Outstanding (mil)2153928 more rows•Apr 29, 2022
Are CCL shares a good buy?
Valuation metrics show that Carnival Corporation may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of CCL, demonstrate its potential to underperform the market.
Is Carnival a hold?
Carnival Co. & has received a consensus rating of Hold.
What is the target price for Save?
Stock Price Target SAVEHigh$40.00Median$25.00Low$22.00Average$28.14Current Price$20.74
Which cruise lines are in financial trouble?
Genting Hong Kong, which owns Asia-based Dream Cruises and Star Cruises as well as Crystal, has been struggling financially ever since the COVID-19 pandemic forced a worldwide shutdown to cruising in early 2020.