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Wednesday, February 1, 2023

What Are The Chances Of Carnival Corporation & plc (NYSE: CCL) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Carnival Corporation & plc (CCL) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.15, or -1.40%, to $10.53. The Carnival Corporation & plc has recorded 473,058 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Cunard sees strongest start to Wave in the last decade.

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Stocks Info

As a NYSE listed company, CCL falls under the Consumer Cyclical sector while operating within the Travel Services industry segment. At the end of the last regular session, the stock closed at $10.68 and fluctuated between $10.96 as its day high and $10.40 as its day low. The current market capitalization of Carnival Corporation & plc is $12.81B. A total of 33.09 million shares were traded on the day, compared to an average of 49.87M shares.

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CCL has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 14,292 and the disposition of 0 shares. Over the last 12 months, there were 48 BUYs and 16 SELLs from insiders. Insiders purchased 666,054 shares during that period but sold 248,465.

In the most recent transaction, WEISENBURGER RANDALL J bought 100,000 shares of CCL for 11.76 per share on May 25. After the transaction, the Director now owns 870,950 company shares. In a previous transaction on Jan 28, DONALD ARNOLD W sold 95,796 shares at 19.08 per share. CCL shares that President & CEO owns now total 366,527.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. CCL’s most recent ex-dividend date was 2/20/2020 when it declared a $0.50 quarterly dividend that was paid in cash on 3/13/2020. Previously, the company paid the dividend on 12/13/2019 with an ex-dividend date of 11/21/2019. The CCL stock dividend was $0.50 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CCL in the last 3 months, the mean price target is $10.19 with high estimates of $18.00 and low estimates of $6.00. In terms of 52-week highs and lows, CCL has a high of $23.86 and a low of $6.11.

As of this writing, CCL has an earnings estimate of -$0.69 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.23 per share and a lower estimate of -$0.95. The company reported an EPS of -$1.63 in the last quarter, which was -43.00% lower than expectations of -$1.14.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 22 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CCL is Sell with a score of 3.07. A total of 6 analysts rated the stock as Buy while 2 rated it as Overweight while 9 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 4 thought it should be Sold.

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