Stock To Watch: Carnival Corporation (NYSE:CCL)


The leading market experts have placed a mean price target of $214.41 on Carnival Corporation (NYSE:CCL) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.98 a share for the upcoming quarter and $3.34 for the current fiscal.

Technical View

The technical analysis of Carnival Corporation Common Sto plainly substantiates that the 50-day moving average of Carnival Corporation Common Sto is $46.50, and stock is trading $-0.63 points away or -1.37% from its 50-day moving average of $46.50. Further it is trading $-2.13 or -4.43% away its 200-day moving average of $48.00. Carnival Corporation (NYSE:CCL) 52-week high is $55.77 and the 52-week low is $40.52.

This explains if the stock moves $-9.90, it will post a 52-week high. In event of +13.20% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Carnival Corporation Common Sto, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Carnival Corporation (NYSE:CCL) ratio came in at 15.81.

The stock last ended the trading session at $45.87 and registered a market cap of $34.17B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Carnival Corporation (NYSE:CCL) PEG ratio is at 0.85.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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