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Carnival Corporation & plc (CCL) stock is a mispriced stock with upside potential?

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Credit Suisse raised the price target for the Carnival Corporation & plc (NYSE:CCL) stock from “a Neutral” to “an Outperform”. The rating was released on April 09, 2021. The research report from Citigroup has initiated the stock to Buy, with a price target set at $30. The stock was upgraded by UBS, who disclosed in a research note on March 18, 2021, from Neutral to Buy and set the price objective to $42.


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Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$1.79 during the last quarter as opposed to a consensus estimate of -$1.54, which indicates the company missed its estimate by -$0.25, which implies that the company surprised the market by -16.20%. It appears that the average earnings per share estimate for the current quarter (ending in May 2021) is -$1.6. This is an average of 11 analysts’ earnings, where the high earnings per share estimate is -$1.01 and the low earnings per share estimate is -$1.8. According to 10 analyst estimates, an average revenue estimate of $203.44M is projected for the current quarter with a high revenue estimate of $549.74M and a low estimate of $26M.

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

The share price of Carnival Corporation & plc (NYSE:CCL) raised 2.69% to close Monday’s market session at $27.90, higher as compared to yesterday’s close. The stock price fluctuated between $26.90 and $28.15 throughout the trading session with the volume trading being 26352498 shares, which represented a significant variation when compared to the three months average volume of 39.18 million shares. The firm’s stock price fluctuated 1.38% within the last five trades and 2.31% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 53.38% in the last 6 months and 5.44% was added to its value over the previous 3 months. CCL stock is trading at a margin of 3.46%, 2.36% and 33.70% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, CCL deals in the Consumer Cyclical domain. The stock is trading -8.90 percent below its 52-week high and 130.39 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 63.39. 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 $31.22 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. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 117.23. 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 37.56 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.54, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 8.50 percent of Carnival Corporation & plc shares are owned by insiders, and 53.70 percent are held by financial institutions. WEISENBURGER RANDALL J, the Director at Carnival Corporation & plc (CCL) 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:CCL) 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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