Carnival Corporation & plc (CCL) Analysis & Forecast for 2021

Carnival Corporation & plc (NYSE: CCL) is 18.74% higher on its value in year-to-date trading and has touched a low of $11.00 and a high of $30.63 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CCL stock was last observed hovering at around $26.89 in the last trading session, with the day’s loss setting it -1.17% off its average median price target of $29.48 for the next 12 months. It is also 37.27% off the consensus price target high of $41.00 offered by 21 analysts, but current levels are -83.71% lower than the price target low of $14.00 for the same period.


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Currently trading at $25.72, the stock is -5.37% and -1.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 31.08 million and changing -4.35% at the moment leaves the stock 32.41% off its SMA200. CCL registered 110.47% gain for a year compared to 6-month gain of 82.67%. The firm has a 50-day simple moving average (SMA 50) of $26.58 and a 200-day simple moving average (SMA200) of $20.27.

The stock witnessed a -11.19% loss in the last 1 month and extending the period to 3 months gives it a 23.24%, and is -7.55% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.94% over the week and 5.12% over the month.

Carnival Corporation & plc (CCL) has around 69000 employees, a market worth around $28.78B and $831.00M in sales. Fwd P/E is 113.30. Distance from 52-week low is 133.82% and -16.02% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.60%).

Carnival Corporation & plc (CCL) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Carnival Corporation & plc (CCL) is a “Hold”. 21 analysts offering their recommendations for the stock have an average rating of 2.60, where 9 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.

Carnival Corporation & plc is expected to release its quarterly report on 06/29/2021 and quarterly earnings per share for the current quarter are estimated at -$1.54 with sales reaching $210.93M over the same period.The EPS is expected to shrink by -405.70% this year, but quarterly earnings will post -32.60% year-over-year. Quarterly sales are estimated to shrink -46.10% in year-over-year returns.

Carnival Corporation & plc (CCL) Top Institutional Holders

1,027 institutions hold shares in Carnival Corporation & plc (CCL), with 104.93M shares held by insiders accounting for 9.06% while institutional investors hold 56.40% of the company’s shares. The shares outstanding are 1.09B, and float is at 844.61M with Short Float at 6.85%. Institutions hold 51.29% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 63.06 million shares valued at $1.37 billion. The investor’s holdings represent 6.48% of the CCL Shares outstanding. As of Dec 30, 2020, the second largest holder is Public Investment Fund with 50.83 million shares valued at $1.1 billion to account for 5.22% of the shares outstanding. The other top investors are Blackrock Inc. which holds 37.97 million shares representing 3.90% and valued at over $822.47 million, while Truist Financial Corp holds 3.79% of the shares totaling 36.91 million with a market value of $799.51 million.

Carnival Corporation & plc (CCL) Insider Activity

A total of 40 insider transactions have happened at Carnival Corporation & plc (CCL) in the last six months, with sales accounting for 25 and purchases happening 15 times. The most recent transaction is an insider sale by WEISENBURGER RANDALL J, the company’s Director. SEC filings show that WEISENBURGER RANDALL J sold 100,000 shares of the company’s common stock on Apr 16 at a price of $27.50 per share for a total of $2.75 million. Following the sale, the insider now owns 0.75 million shares.

Carnival Corporation & plc disclosed in a document filed with the SEC on Apr 15 that WEISENBURGER RANDALL J (Director) sold a total of 450,000 shares of the company’s common stock. The trade occurred on Apr 15 and was made at $27.39 per share for $12.33 million. Following the transaction, the insider now directly holds 0.85 million shares of the CCL stock.

Still, SEC filings show that on Apr 14, WEISENBURGER RANDALL J (Director) disposed off 88,762 shares at an average price of $28.07 for $2.49 million. The insider now directly holds 1,304,605 shares of Carnival Corporation & plc (CCL).

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Carnival Corporation & plc (CCL): Who are the competitors?

The company’s main competitors (and peers) include Marriott International Inc. (MAR) that is trading 77.97% up over the past 12 months. Norwegian Cruise Line Holdings Ltd. (NCLH) is 132.81% up on the 1-year trading charts. Short interest in the company’s stock has risen 2.25% from the last report on Mar 30, 2021 to stand at a total of 57.83 million short shares sold with a short interest ratio of 1.26.

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