Carnival Corporation & plc (NYSE: CUK) is -53.60% lower on its value in year-to-date trading and has touched a low of $7.43 and a high of $24.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CUK stock was last observed hovering at around $9.19 in the last trading session, with the day’s loss setting it -0.61% off its average median price target of $11.20 for the next 12 months. It is also 70.41% off the consensus price target high of $29.00 offered by 22 analysts, but current levels are -26.18% lower than the price target low of $6.80 for the same period.
Currently trading at $8.58, the stock is -4.54% and -3.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.91 million and changing -6.64% at the moment leaves the stock -39.64% off its SMA200. CUK registered -59.41% loss for a year compared to 6-month loss of -51.14%.
The stock witnessed a 1.42% gain in the last 1 month and extending the period to 3 months gives it a -2.05%, and is -8.04% 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 5.32% over the week and 5.17% over the month.
Carnival Corporation & plc (CUK) has around 39000 employees, a market worth around $12.07B and $5.86B in sales. Fwd P/E is 7.46. Distance from 52-week low is 15.48% and -65.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.10%).
Carnival Corporation & plc (CUK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Carnival Corporation & plc (CUK) is a “Hold”. 22 analysts offering their recommendations for the stock, where 10 rate it as a Hold and 2 think it is a “Overweight”. 5 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 12/21/2022.The EPS is expected to grow by 35.90% this year
Carnival Corporation & plc (CUK) Top Institutional Holders
The shares outstanding are 1.14B, and float is at 248.06M with Short Float at 2.13%.
Carnival Corporation & plc (CUK) Insider Activity
The most recent transaction is an insider purchase by WEISENBURGER RANDALL J, the company’s Director. SEC filings show that WEISENBURGER RANDALL J bought 100,000 shares of the company’s common stock on May 25 at a price of $11.76 per share for a total of $1.18 million. Following the purchase, the insider now owns 0.87 million shares.
Carnival Corporation & plc disclosed in a document filed with the SEC on Apr 14 that PARKER SIR JOHN (Director) sold a total of 7,048 shares of the company’s common stock. The trade occurred on Apr 14 and was made at $17.81 per share for $0.13 million. Following the transaction, the insider now directly holds 0.0 shares of the CUK stock.
Still, SEC filings show that on Feb 15, Thamm Michael Olaf (Group CEO – Costa Crociere) disposed off 3,841 shares at an average price of $20.62 for $79195.0. The insider now directly holds 205,465 shares of Carnival Corporation & plc (CUK).
Carnival Corporation & plc (CUK): Who are the competitors?
The company’s main competitors (and peers) include Marriott International Inc. (MAR) that is trading 4.34% up over the past 12 months and Carnival Corporation & plc (CCL) that is -57.71% lower over the same period. Norwegian Cruise Line Holdings Ltd. (NCLH) is -41.66% down on the 1-year trading charts.