Is this range-bound cruise stock going to break out to new highs?Carnival (CCL 3.38%) will report earnings results for the fiscal third quarter on Sept. 30. Despite strong demand for cruise vacations, the shares have been range-bound this year, but Stifel Financial analyst Steven Wieczynski believes a better-than-expected earnings release could send the stock higher.The analyst kept a buy rating on the shares and raised his price target from $25 to $27, representing upside of 44% from the current share pric ...

Carnival Corporation & plc’s (CCL) stock is trading at a discount compared with the Zacks Leisure and Recreation Services industry. With a forward 12-month Price/Earnings ratio of 12.1x, it sits below the industry average of 17.34x and the Consumer Discretionary sector’s 18.01x.In the past year, CCL has rallied 29% compared with the industry’s 23.7% appreciation. However, the metric lagged the S&P 500’s 33.7% rise. In contrast, other players in the cruise industry have posted even stronger gains, with Royal ...

Shares of Carnival (CCL) have gained 8.5% over the past four weeks to close the last trading session at $18.04, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $22.55 indicates a potential upside of 25%.The mean estimate comprises 20 short-term price targets with a standard deviation of $3.59. While the lowest estimate of $14 indicates a 22.4% decline from the current price leve ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Carnival (CCL) .Carnival currently has an average brokerage recom ...

The upcoming report from Carnival (CCL) is expected to reveal quarterly earnings of $1.16 per share, indicating an increase of 34.9% compared to the year-ago period. Analysts forecast revenues of $7.81 billion, representing an increase of 14% year over year.The current level reflects an upward revision of 15.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Bef ...

Since I last wrote on the cruise company Carnival Corporation (NYSE: CCL ) (NYSE: CUK ) ( OTCPK:CUKPF ) in June, its price has risen by 14%. This is in contrast with my Hold rating onManika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment banking. She also runs the profile Long Term Tips [LTT], which focuses on the generational opportunity in the green economy. Her investing group, Green Growth Giants , takes the theme a step furth ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...

It's incredibly cheap, but is it worth it?Carnival (CCL -0.16%) (CUK 0.06%) stock is little changed this year despite phenomenal performance across the board. The market is sensing risk here, but is the apprehension overdone? Let's see if Carnival stock is really too risky, or if the stock is undervalued.Cruising along at high speedCarnival has had a fantastic rebound from what might be called even lower than rock bottom. It's reporting record highs on several areas of its business, and it just keeps gettin ...

These stocks are all trading at less than 12 times their estimated future earnings.The Federal Reserve started taking actions this month that are likely to lead to lower interest rates. It just announced a 50-basis-point reduction to the federal funds rate, and there could be more cuts coming before the end of the year, especially if the U.S. economy shows further signs of slowing. For investors, a rate-cutting environment could be an opportune time to buy stocks that could benefit from reduced rates. Three ...

Carnival (CCL) closed the latest trading day at $18.97, indicating a -0.16% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.28%. On the other hand, the Dow registered a gain of 0.15%, and the technology-centric Nasdaq increased by 0.15%.The the stock of cruise operator has risen by 14.39% in the past month, leading the Consumer Discretionary sector's gain of 3.2% and the S&P 500's gain of 2%.Market participants will be closely following the financial results of Carniva ...