Carnival Corporation & plc’s Stock Price Plummets to $15.34, Marking a Sharp 7.09% Decline

Carnival Corporation & plc (CCL)

15.34 USD -1.17 (-7.09%) Volume: 56.49M

Carnival Corporation & plc’s stock price stands at 15.34 USD, witnessing a drop of -7.09% in the recent trading session with a high trading volume of 56.49M. The stock has experienced a significant YTD decrease of -17.26%, reflecting its turbulent performance in the market.

Latest developments on Carnival Corporation & plc

Today, Carnival Corp‘s stock price took a hit, leading the S&P 500’s losers, as Bank of America raised a pricing concern. This comes amidst Carnival’s competition with Royal Caribbean through its $600 million private resort, Celebration Key, and the reopening of the Baltimore Port Channel, which Carnival Cruise Line expressed gratitude for. Additionally, analysts have lifted FY2026 EPS estimates for Carnival Co. & plc (NYSE:CCL), indicating positive projections for the company’s future performance.

Carnival Corporation & plc on Smartkarma

Analysts on Smartkarma have been closely monitoring Carnival Corp, the world’s largest cruise ship operator, since its resumption of cruises in July 2021. Value Investors Club highlighted the challenges the company faces with cash flow and debt sustainability, despite a rebound in revenues driven by post-COVID travel demand. On the other hand, Baptista Research’s bullish sentiment is evident in their reports on Carnival Corp‘s brand strengthening efforts paying off and successful deleveraging and refinancing, with the company setting records in all four quarters of 2023 and surpassing high cost inflation over the past four years.

Calcbench also provided insights into Carnival Corp‘s financial performance, noting a 40.6% quarterly revenue increase and a 77.5% annual revenue surge in their latest earnings release. With top independent analysts offering varying perspectives on Carnival Corp‘s outlook, investors can gain a comprehensive understanding of the company’s trajectory and potential investment opportunities on Smartkarma’s platform.

A look at Carnival Corporation & plc Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Carnival Corp has a mixed long-term outlook. While the company scores high in momentum, indicating strong market performance, its dividend score is low. This suggests that investors may not see high returns in the form of dividends. However, Carnival Corp scores well in value and growth, which could indicate potential for future profitability and expansion. With a moderate resilience score, the company may be able to weather economic downturns and challenges in the industry.

Carnival Corporation, a major player in the cruise industry, owns and operates cruise ships that travel to various vacation destinations worldwide. The company also has a subsidiary that owns and operates hotels and lodges. Dually-listed as CCL LN, Carnival Corp‘s Smartkarma Smart Scores show a promising outlook for value and growth, despite a low dividend score. With a strong momentum score, the company may continue to see positive market performance in the long term.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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