Carnival Corporation (CCL) Stock: Here’s What’s Happening

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Carnival Corporation (CCL) is climbing in the market in today’s trading session. The stock, focused in the service space, is currently trading at $56.42 after a move up of -1.47% so far today. In terms of service sector stocks, there are quite a few aspects that have the ability to cause movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories relating to CCL:

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Mar-22-19 08:32PM Don’t Be a Hero: Cramer’s ‘Mad Money’ Recap (Friday 3/22/19)
Mar-21-19 03:40PM Three Holland America Line Ships Explore the Colorful Culture of the Mexican Riviera in 2019-2020
Mar-20-19 01:34PM Cunard Uncorks Line-up of Speakers for 2019 Wine Voyage
08:30AM Carnival Corporation Wins Neptune Award as Greenest Shipowner of the Year
06:00AM Biggest Lender in Brazil Puts Distressed Real Estate Up for Sale

However, when making an investing decision, investors should focus on much more than news, this is especially the case in the ever incredibly complex service sector. Here’s what’s going on with Carnival Corporation.

Recent Movement Out of CCL

While a move up in a single session, like what we’re seeing from Carnival Corporation might cause fear in some investors, that by itself shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It’s generally a good idea to look at trends beyond a single trading day. When it comes to CCL, below are the returns on investment that investors have seen:

  • Past Seven Days – In the last seven days, CCL has generated a change in price that amounts to -0.34%.
  • Past Month – The monthly ROI from Carnival Corporation has been -3.17%.
  • Past Three Months – In the past three months, the stock has produced a ROI that works out to 2.56%
  • Bi-Annually – Over the past six months, we have seen a change that equates to -14.79% from the stock.
  • Year To Date – Since the open of this year CCL has resulted in a return on investment of 14.44%.
  • Full Year – Lastly, over the past full year, investors have seen movement of -15.87% out of CCL. In this period, the stock has sold at a high of -18.36% and a low price of 23.62%.

Ratios That Are Notable

Digging into various key ratios having to do with a company can provide prospective investors an understanding of how dangerous and/or potentially profitable a stock pick may be. Below are a few of the most important ratios to think about when looking at CCL.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors are expecting that the value of the stock is going to gain. Throughout the sector, strong service stocks tend to carry a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the space. Nonetheless, in relation to Carnival Corporation, it’s short ratio clocks in at 3.26.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Essentially, they measure the company’s abilities to cover its debts when they come due using quick assets or current assets. do have strong quick and current ratios. As it relates to CCL, the quick and current ratios add up to 0.20 and 0.20 respectively.  

Book To Share Value – The book to share value compares the the share price to the current book value of assets that are owned by the company. In this case, the book to share value ratio equates to 34.92.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the price of shares. In this case, the cash to share value is 1.44.

Investors Tend To Follow The Big Money

One thing that I have learned in my brief period alive, or somewhat alive is that smart money tends to follow big money players. In general, investors that want to keep the risk down will pay close attention to trades made by institutions as well as those on the inside. With that said, is big money interested when it comes to CCL? Here’s the information:

  • Institutions – At the moment, institutions hold 79.60% of the company. Nonetheless, it’s important to note that the ownership held by institutions has changed in the amount of -0.28% in the last 3 months.
  • Insider Moves – As far as insiders go, members of the management team and others close to CCL currently own 0.10% of Carnival Corporation. Their ownership of the company has changed in the amount of -7.73% throughout the last quarter.

Analyst Opinions Of Carnival Corporation

While it’s never a smart idea to unknowingly follow the opinions of analysts, it is a smart idea to use their analysis when validating your own opinions when it comes to making investment decisions in the service space. Here are the recent moves that we have seen from analysts when it comes to CCL.

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Mar-13-19 Upgrade Goldman Neutral → Buy $63 → $65
Jan-25-19 Upgrade Macquarie Neutral → Outperform
Dec-26-18 Initiated Standpoint Research Accumulate
Dec-17-18 Upgrade Cleveland Research Neutral → Buy
Sep-26-18 Resumed BofA/Merrill Buy $78

Earnings

What have ween seen from CCL in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – Currently, Wall Street analysts expect that the company will report earnings per diluted share that totals up to be 5.27, with 0.44 to be reported in the next financial report. Although this data isn’t based on earnings, because we are talking about analysts, the stock is presently rated a 1.90 on a scale from 1 to 5 on which 1 is the poorest Wall St. analyst grade and 5 is the best rating.
  • 5-Year Sales – Throughout the last 5 years, Carnival Corporation has generated a movement in revenue that works out to be 4.10%. Earnings per share in the past 5 years have generated movement in the amount of 26.70%.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is commonly represented in the world of humans, CCL has experienced a change in earnings in the amount of -7.30%. CCL has also experienced movement with regard to revenue that comes to a total of 4.60%.

Float Information

Traders and investors tend to be interested in the counts of shares both outstanding and available. As far as Carnival Corporation, currently there are 683.10M and there is a float of 408.24M. These numbers mean that of the total of 683.10M shares of CCL that are out there today, 408.24M are able to trade hands on the market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to CCL, the short percent of the float is 3.09%.

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