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Carnival (CCL) stock forecast for 2024
Updated: April 23, 2024 (06:33)
Sector: Consumer cyclicalThe share price of Carnival Corporation & Plc (CCL) now
50/200 Day Moving Average: $15.61 / $15.68
This figure corresponds to the Average Price over the previous 50/200 days. For Carnival stocks, the 50-day moving average is the resistance level today.
For Carnival stocks, the 200-day moving average is the resistance level today.
Are you interested in Carnival Corporation & Plc stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Carnival stock price in 2024. How much will one Carnival share be worth in 2024? Is it worth taking profit / loss on CCL stock now or waiting? What are analysts' forecasts for Carnival stock?
We forecast Carnival stock performance using neural networks based on historical data on CCL stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
Carnival Corporation & Plc stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Carnival analysts is $20.99. Today 200 Day Moving Average is the support level (15.68 $). 50 Day Moving Average is the support level (15.61 $).
Historical and forecast chart of Carnival Corporation & Plc stock
The chart below shows the historical price of Carnival stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the CCL stock price can be found in the table below.
Forecasting the Waters Ahead: Navigating CCL Stock Predictions for 2024
As investors set their sights on 2024, Carnival Corporation (NYSE:CCL) emerges as a captivating subject in the stock market’s narrative. After weathering the stormy seas of the pandemic, CCL’s recovery paints a picture of resilience and adaptability. But how accurately can CCL stock predictions be made, especially for 2024? Let’s delve into the factors likely to steer the course of CCL stock rates in the upcoming year.
The Elements Influencing CCL’s 2024 Outlook
Carnival Corporation’s expedition through the fiscal challenges of recent years has led to a scenario where it now sits on the cusp of real profit potential in 2024. The company banners a record-breaking revenue performance and an unprecedented booking situation, with nearly two-thirds of its occupancy for 2024 already secured at considerably higher prices. Such a robust booked position serves as a solid foundation for optimistic CCL stock forecasts and predictions.
However, CCL’s voyage is not without its perils—a significant recovery in revenue juxtaposes with the high tide of dilution and leverage incurred during the pandemic’s peak. The balance between the company’s operating losses and the shadow of its leveraged balance sheet presents a conundrum for accurately pinpointing the CCL stock price prediction for 2025 and even for forecasting the immediate year of 2024.
The expected dynamics include the continuity of strong booking momentum, with pricing considerably higher than previous years. These promising indicators, alongside Carnival’s efforts to trim down its debt burden, signal a positive horizon. Yet, the stock’s fate will largely depend on external factors such as global economic conditions, consumer travel confidence, and potential unforeseen challenges.
Investors pondering whether CCL stock is a buy or sell must weigh these factors carefully. The Carnival Cruise stock forecast hinges on a delicate balance of recovery momentum and lingering financial leverage—a scenario where opportunities and cautions sail side by side.
In conclusion, while the Carnival Cruise stock benefits from a promising outlook for 2024, investors should navigate these waters with a keen eye on both the potential rewards and risks. Accurately predicting CCL stock rates necessitates vigilance towards emerging trends and market conditions, ensuring that decisions are as informed and strategic as the courses charted by the very cruise liners at the heart of Carnival’s business.
Carnival (CCL) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| May | 13.78 | 13.47 | 14.82 | 9.10 % |
| Jun | 14.28 | 13.60 | 14.65 | 7.18 % |
| Jul | 15.03 | 14.60 | 15.41 | 5.26 % |
| Aug | 14.35 | 13.25 | 15.02 | 11.78 % |
| Sep | 14.42 | 13.32 | 14.78 | 9.87 % |
| Oct | 13.77 | 13.39 | 14.42 | 7.14 % |
| Nov | 14.28 | 13.87 | 15.43 | 10.08 % |
| Dec | 14.60 | 14.15 | 15.38 | 8.04 % |
Carnival information and performance
3655 N W 87TH AVE, PO BOX 1347, MIAMI, FL, US
Market capitalization of the Carnival Corporation & Plc is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of CCL shares in the company outstanding by the market price of one share.
EBITDA of Carnival is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Carnival price target for 2024 by month
Target values for the price of one Carnival share for May 2024.
In May, the Positive dynamics for Carnival Corporation & Plc shares will prevail with possible monthly volatility of 9.099% volatility is expected.
Pessimistic target level: 13.47
Optimistic target level: 14.82
Target values for the price of one Carnival share for Jun 2024.
In Jun, the Positive dynamics for Carnival Corporation & Plc shares will prevail with possible monthly volatility of 7.181% volatility is expected.
Pessimistic target level: 13.60
Optimistic target level: 14.65
Target values for the price of one Carnival share for Jul 2024.
In Jul, the Positive dynamics for Carnival Corporation & Plc shares will prevail with possible monthly volatility of 5.257% volatility is expected.
Pessimistic target level: 14.60
Optimistic target level: 15.41
Target values for the price of one Carnival share for Aug 2024.
In Aug, the Negative dynamics for Carnival Corporation & Plc shares will prevail with possible monthly volatility of 11.776% volatility is expected.
Pessimistic target level: 13.25
Optimistic target level: 15.02
Target values for the price of one Carnival share for Sep 2024.
In Sep, the Positive dynamics for Carnival Corporation & Plc shares will prevail with possible monthly volatility of 9.871% volatility is expected.
Pessimistic target level: 13.32
Optimistic target level: 14.78
Target values for the price of one Carnival share for Oct 2024.
In Oct, the Negative dynamics for Carnival Corporation & Plc shares will prevail with possible monthly volatility of 7.142% volatility is expected.
Pessimistic target level: 13.39
Optimistic target level: 14.42
Target values for the price of one Carnival share for Nov 2024.
In Nov, the Positive dynamics for Carnival Corporation & Plc shares will prevail with possible monthly volatility of 10.080% volatility is expected.
Pessimistic target level: 13.87
Optimistic target level: 15.43
Target values for the price of one Carnival share for Dec 2024.
In Dec, the Positive dynamics for Carnival Corporation & Plc shares will prevail with possible monthly volatility of 8.037% volatility is expected.
Pessimistic target level: 14.15
Optimistic target level: 15.38
Carnival (CCL) stock dividend
Carnival last paid dividends on 02/20/2020. The next scheduled payment will be on 03/13/2020. The amount of dividends is $None per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.
Last Split Date: 01/01/1970
Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.
For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.
