What Carnival Corporation & plc (CCL) Insiders Are Up To

Carnival Corporation & plc (NYSE:CCL) finished Tuesday with an addition of $0.08 to close at $25.42, an upside of 0.32 percent. An average of 30,508,301 shares of common stock have been traded in the last five days. There was a fall of -$0.75 in the past week. The last 20 days have seen an average of 32,275,064 shares traded, while the 50-day average volume stands at 31,204,531.

CCL stock has increased by 10.71% in the last month. The company shares reached their 1-month lowest point of $22.24 on 09/13/21. With the stock rallying to its 52-week high on 06/08/21, shares of the company touched a low of $12.11 and a high of $31.52 in 52 weeks. In spite of this, the price is down -19.35% from the 52-week high.

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Insider Transactions

84 days have passed since Carnival Corporation & plc (CCL) last reported insider trading activity. Bernstein David, who is CFO & CAO, most recently acquired $11,662 shares at $23.03 per share on Jul 14. In this transaction, the insider spent $268,633. Director, WEISENBURGER RANDALL J, disposed of 100,000 shares at a price of $27.50 on Apr 16. The insider now owns more than $2,750,030 worth of shares. Prior to that, Director WEISENBURGER RANDALL J went on to Sale 450,000 shares at $27.39 each on Apr 15. An amount of $12,326,445 was transacted.

Valuation Metrics

Carnival Corporation & plc (CCL) has a trailing price-to-earnings (P/E) ratio of 21.70 for the broader industry and 19.93 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Carnival Corporation & plc’s PE ratio has ranged between 20.04 and 2.952. The stock’s beta is 2.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 42.03, the price-to-book (PB) ratio at 1.94.

The quick ratio of Carnival Corporation & plc for the three months ended August 30 was 0.90, and the current ratio was 0.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.81 and a total debt to equity ratio of 2.10 for the quarter ending August 30. On the profitability front, the trailing 12-month gross margin 5-year average of 22.9%. Carnival Corporation & plc’s EBITDA margin for the year ending August 30 is -41.86%. Its gross profit as reported stood at -$683.0 million compared to revenue of $5.59 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Carnival Corporation & plc’s return on assets was -16.60%, compared to 1.5% over the last five years. In the past year, the return on investment has been -18.60%, and the 5-year average is 2.9%. Meanwhile, the return on equity (ROE) for the past 12 months has been -49.80% and the 5-year average holds at 0.7%. For the broader industry, ROE averaged 9.95 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Carnival Corporation & plc (CCL) price momentum. RSI 9-day as of the close on 05 October was 57.12%, suggesting the stock is Neutral, with historical volatility in this time frame at 44.89%.

As of today, CCL’s price is $25.48 -2.87% or -$0.75 from its 5-day moving average. CCL is currently trading +7.89% higher than its 20-day SMA and +1.19% higher than its 100-day SMA. However, the stock’s current price level is +9.76% above the SMA50 and +17.52% above the SMA200.

The stochastic %K and %D were 64.03% and 63.44%, respectively, and the average true range (ATR) was 1.08. With the 14-day stochastic at 58.70% and the average true range at 1.07, the RSI (14) stands at 56.87%. The stock has reached 0.05 on the 9-day MACD Oscillator while the 14-day reading was at 0.87.

Analyst Ratings

Citigroup reiterated its a Buy rating on Carnival Corporation & plc (NYSE: CCL), but raised their price target to $30, indicating a potential price increase of 18.02% for the stock.The consensus rating for Carnival Corporation & plc (CCL) among analysts is Hold. According to current brokerage recommendations, 4 brokerage firms advise that investors sell CCL, while 9 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.

What is CCL’s price target for the next 12 months?

Analysts predict a range of price targets between $17.78 and $41.00, with a median target of $28.50. Taking a look at these predictions, the average price target given by analysts for Carnival Corporation & plc (CCL) stock is $27.85.


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