Carnival Corporation & plc’s Stock Price Soars to $18.37, Marking a Robust 3.09% Uptick

Carnival Corporation & plc (CCL)

18.37 USD +0.55 (+3.09%) Volume: 55.05M

Carnival Corporation & plc’s stock price stands at 18.37 USD, marking a positive trading session with a 3.09% increase, backed by a robust trading volume of 55.05M. Despite this uptick, the stock records a slight YTD decrease of 0.92%, reflecting its volatile performance in the market.

Latest developments on Carnival Corporation & plc

Today, Carnival Corp stock rallied as the CEO downplayed the threat of cruise limits in Greece, emphasizing the momentum in the cruise business. The company beat forecasts, reported record cruise bookings for 2025, and raised its annual profit forecast again due to steady demand. With strong Q2 results, Carnival Corp is in a position of strength, leading to bullish analyst ratings and a surge in stock price. Despite some concerns, Carnival Corp‘s performance continues to impress investors, with the potential for further growth in the future.

Carnival Corporation & plc on Smartkarma

Analysts on Smartkarma are closely covering Carnival Corp, the world’s largest cruise ship operator. Value Investors Club‘s report on Tuesday, Mar 5, 2024, leans bearish, highlighting challenges with cashflow and debt sustainability despite a revenue rebound post-COVID. On the other hand, Baptista Research’s analysis shows a bullish sentiment, emphasizing Carnival Corporation plc’s strong first-quarter earnings and successful deleveraging and refinancing efforts. The company’s CEO and CFO detailed its financial performance, with record-setting quarters in 2023 and encouraging occupancy levels exceeding 101% in Q4.

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

Based on the Smartkarma Smart Scores, Carnival Corp seems to have a mixed long-term outlook. While the company scores well in terms of momentum, indicating a positive trend in stock performance, its dividend score is low, suggesting potential concerns for investors looking for income. Additionally, Carnival Corp‘s resilience score is also on the lower side, indicating some vulnerability to external factors. However, the company scores decently in terms of value and growth, which could be positive indicators for potential long-term growth.

Carnival Corporation, a company that owns and operates cruise ships worldwide, faces a varied outlook according to the Smartkarma Smart Scores. With a strong momentum score, the company seems to be performing well in the stock market. However, its low dividend score may not be attractive to income-seeking investors. The resilience score also points to some challenges the company may face in the future. On the bright side, Carnival Corp scores well in terms of value and growth, which could be promising for its long-term prospects.

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