Carnival Corporation & plc (CCL): What Does Valuation Ratios Tell Us?

Carnival Corporation & plc (NYSE:CCL) saw a downside of -2.69% to close Friday at $23.83 after subtracting -$0.66 on the day. The 5-day average trading volume is 30,961,881 shares of the company’s common stock. It has gained $26.42 in the past week. An average of 33,166,809 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 31,508,137.

CCL’s 1-month performance is 2.36% or $1.05 on its low of $22.24 reached on 09/13/21. The company’s shares have touched a 52-week low of $12.11 and high of $31.52, with the stock’s rally to the 52-week high happening on 06/08/21. YTD, CCL has achieved 10.02% or $2.17. However, the current price is down -24.40%% from the 52-week high price.


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Insider Transactions

On Jul 14, 89 days have gone by since the last insider trading activity for Carnival Corporation & plc (CCL). Bernstein David (CFO & CAO) most recently sold 11,662 shares at $23.03 per share on Jul 14. This transaction cost the insider $268,633. Director, WEISENBURGER RANDALL J, sold 100,000 shares at a price of $27.50 on Apr 16. Then, on Apr 15, Director WEISENBURGER RANDALL J sold 450,000 shares at a price of $27.39 per share. This transaction amounted to $12,326,445.

Valuation Metrics

Carnival Corporation & plc (CCL) has a trailing price-to-earnings (P/E) ratio of 21.70 for the broader industry and 20.34 for the sector. The company’s PE ratio for the last five years has touched a high of 20.04 and a low of 2.952. CCL stock has a beta of 2.25. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 41.94 while the price-to-book (PB) in the most recent quarter is 1.82.

Carnival Corporation & plc’s quick ratio for the period ended August 30 was 0.90, with the current ratio over the same period at 0.90 meaning that CCL stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending August 30 was 1.81, while the total debt to equity was 2.10The trailing 12-month EBITDA margin is -41.86%. The firm’s gross profit as reported stood at -$683.0 million against revenue of $5.59 billion.

Earnings Surprise

For the quarterly period ending August 30 this year, Carnival Corporation & plc’s cash and short-term investments amounted to $647.0 million against total debt of $32.65 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 94.32% to $546.0 million, while revenue of $50.0 million was 90.84% off the previous quarter. Analysts expected CCL to announce -$1.22 per share in earnings in its latest quarter, but it posted -$1.51, representing a -23.80% surprise. EBITDA for the quarter stood at more than -$1.45 billion. CCL stock balance sheet for the quarter ending August 30 shows that total liabilities totaled 38.65 billion, with total debt at $32.65 billion. Shareholders hold equity totaling $1.17 billion

Technical Picture

Let’s look briefly at Carnival Corporation & plc (CCL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 41.04% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.39%.

The stock’s 5-day moving average is $24.80, reflecting a -8.66% or -$2.26 change from its current price. CCL is currently trading +4.75% above its 20-day SMA, -14.89% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +4.93% and +20.29% respectively.

Stochastic %K and %D was 36.12% and 46.64% and the average true range (ATR) pointed at 1.04. The RSI (14) points at 46.33%, while the 14-day stochastic is at 21.34% with the period’s ATR at 1.05. The stock’s 9-day MACD Oscillator is pointing at -0.79 and -0.58 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Carnival Corporation & plc (NYSE: CCL), Citigroup reiterated its a Buy rating for the company but lifted their price target by $30 to $34. Analysts offering their rating for CCL stock have a consensus rating for the stock as Hold. Currently, 4 brokerage advisors rate CCL as a “sell,”, while 9 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $17.78 and a high of $41.00, with their median price target at $28.50. Looking at these predictions, the average price target given by analysts is for Carnival Corporation & plc (CCL) stock is $27.85.

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