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Carnival Corporation & plc (CUK): The trend is bucking and there is potential for recovery

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Macquarie raised the price target for the Carnival Corporation & plc (NYSE:CUK) stock from “a Neutral” to “an Outperform”. The rating was released on March 02, 2021.


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Historical Earnings Surprises and Revenue Forecasts

It appears that the average earnings per share estimate for the current quarter (ending in Nov 2020) is $0. This is an average of 0 analysts’ earnings, where the high earnings per share estimate is $0 and the low earnings per share estimate is $0. According to 1 analyst estimates, an average revenue estimate of $2.96B is projected for the current quarter with a high revenue estimate of $2.96B and a low estimate of $2.96B.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Carnival Corporation & plc (NYSE:CUK) raised 1.17% to close Friday’s market session at $23.28, higher as compared to yesterday’s close. The stock price fluctuated between $22.58 and $23.42 throughout the trading session with the volume trading being 1244995 shares, which represented a significant variation when compared to the three months average volume of 1.96 million shares. The firm’s stock price fluctuated 0.52% within the last five trades and 10.07% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 85.65% in the last 6 months and 32.95% was added to its value over the previous 3 months. CUK stock is trading at a margin of 0.51%, 3.09% and 39.07% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, CUK deals in the Consumer Cyclical domain. The stock is trading -9.64 percent below its 52-week high and 146.61 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 79.99. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Carnival Corporation & plc’s Profitability and Valuation Ratios Tell Us About the Stock?

The stock’s market cap achieved a total value of $30.40 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 36.62 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.29, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

WEISENBURGER RANDALL J, the Director at Carnival Corporation & plc (CUK) has sold 100,000 shares of firm on Apr 16 at a price of $27.50 against the total amount of $2.75 million. In another inside trade, WEISENBURGER RANDALL J, Director of Carnival Corporation & plc (NYSE:CUK) sold 450,000 shares of the firm on Apr 15 for a total worth of $12.33 million at a price of $27.39. An inside trade which took place on Apr 14, Director of Carnival Corporation & plc WEISENBURGER RANDALL J sold 88,762 shares of firm against total price of $2.49 million at the cost of $28.07 per share.

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