Research Recommendations For Carnival Corporation & plc (CUK): Here is What You Should Know

Carnival Corporation & plc (NYSE:CUK) saw a downside of -0.99% to $21.92 after subtracting -$0.22 on Wednesday. The 5-day average trading volume is 1,162,033 shares of the company’s common stock. It has gained $23.10 in the past week. An average of 1,506,963 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,433,867.

CUK’s 1-month performance is 3.99% or $0.62 on its low of $20.42 reached on 09/15/21. The company’s shares have touched a 52-week low of $10.50 and high of $27.31, with the stock’s rally to the 52-week high happening on 06/08/21. YTD, CUK has achieved 18.14% or $3.17. However, the current price is down -19.74%% from the 52-week high price.


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Insider Transactions

On Jul 14, 91 days have gone by since the last insider trading activity for Carnival Corporation & plc (CUK). Thamm Michael Olaf (Group CEO – Costa Crociere) most recently sold 16,175 shares at $20.36 per share on Jul 14. This transaction cost the insider $329,389. CFO & CAO, Bernstein David, sold 11,662 shares at a price of $23.03 on Jul 14. Then, on Apr 16, Director WEISENBURGER RANDALL J sold 100,000 shares at a price of $27.50 per share. This transaction amounted to $2,750,030.

Valuation Metrics

Carnival Corporation & plc (CUK) has a trailing price-to-earnings (P/E) ratio of 21.70 for the broader industry and 30.97 for the sector. The company’s PE ratio for the last five years has touched a high of 19.96 and a low of 2.778. CUK stock has a beta of 2.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 42.87 while the price-to-book (PB) in the most recent quarter is 1.69.

Carnival Corporation & plc’s quick ratio for the recent quarter was 0.90, with the current ratio over the same period at 0.90 meaning that CUK stock is not able to fulfill its debt obligations. The 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

Net income and sales went up compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than -$1.45 billion. CUK stock balance sheet for the recent quarter 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 (CUK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 43.92% to suggest the stock is trending Neutral, with historical volatility in this time period at 37.38%.

The stock’s 5-day moving average is $21.97, reflecting a -3.86% or -$0.88 change from its current price. CUK is currently trading +3.84% above its 20-day SMA, -5.36% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +9.44% and +16.30% respectively.

Stochastic %K and %D was 15.00% and 17.30% and the average true range (ATR) pointed at 0.81. The RSI (14) points at 47.56%, while the 14-day stochastic is at 15.10% with the period’s ATR at 0.84. The stock’s 9-day MACD Oscillator is pointing at -0.63 and -0.97 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Carnival Corporation & plc (NYSE: CUK), Berenberg upgraded it to a Hold rating. They previously had a Sell rating on the stock. Analysts offering their rating for CUK stock have a consensus rating for the stock as Hold. Currently, 4 brokerage advisors rate CUK as a “sell,”, while 9 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.

What is CUK’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 $28.00. Looking at these predictions, the average price target given by analysts is for Carnival Corporation & plc (CUK) stock is $27.44.

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