Alert: Positive Investment/Fundamental Signals (1/3/24)-Carnival Corporation & Plc (NYSE: CCL)


Carnival Corporation & Plc (NYSE: CCL) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.

Recent meaningful positive changes in fundamentals have benefitted Carnival Corporation & Plc (NYSE: CCL): significant quarterly sales acceleration occurred, and the consensus estimate for November, 2024 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

CCL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Carnival has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Carnival has a slightly negative Appreciation Score of 31 but a very high Power Rating of 97, triggering the Positive Value Trend Rating.

Recent Price Action

Carnival Corporation & Plc (NYSE: CCL) stock suffered a large decline of -5.4% on 1/3/24. The stock closed at $16.35. Moreover, above average trading volume at 143% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -13.6% during the last week.

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