Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $56.7300 on Carnival Corporation (NYSE:CCL) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.3300 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Carnival Corporation (NYSE:CCL) stands at 15.8993.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Carnival Corporation Common Sto, the PEG ratio for coming 3-5 years is 0.8700.
The technical analysis highlights that Carnival Corporation Common Sto current is trading $0.4685 points away or +1.0258% from its 50-day moving average of $45.6714. Further it is trading $-1.6522 or -3.4571% away its 200-day moving average of $47.7921.
The 52-week high of Carnival Corporation (NYSE:CCL) was $55.7700 while lowest point recorded in 52-week was $40.5200. It implies if stock price makes a movement of over $-9.6301, it will record a new 52-week high. In the case of +13.8694% drop, it will touch a new 52-week low.
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