Carnival Corporation (CCL) Insiders Selling At Fast Rate

The surge in insider selling at Carnival Corporation (NYSE:CCL) is picking up steam with the current sell/buy ratio now at 2. CCL recorded 2 sales on the open market in the last three months. They sold nearly 18,401 shares while purchases amounted to zero shares that period. Looking even further back to 12 months, corporate insiders offloaded 329,319 shares when buyers snapped up 177,529 shares. The 12-month’s totals signify about a 1.86-to-1 sell/buy ratio.

Donald Arnold W parted with a total of 5 thousand shares of Carnival Corporation (CCL) at average share price of $62.91. This insider trade in the company took place on 06/01/2018. The total for the sales was set at $314.55 thousand. After this transaction, the President & CEO account balance stood at 483.37 thousand shares. The stock lost -2.91 percent since that insider sale. On 05/01/2018, Donald Arnold W, President & CEO, sold 5 thousand shares at a price per share of $63.39. This removed 316.95 thousand shares from the insider’s fortune and the stock saw a -3.64 percent retreat in value since the news became public. This transaction left 488.37 thousand shares in the President & CEO account.

On 04/16/2018, General Counsel & Secretary Perez Arnaldo performed a sale transaction worth $448.07 thousand. This sale at $64.01 each has eliminated 7 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -4.58 percent decrease since the transaction was reported. The insider now is left with 42.11 thousand shares remaining in the account. Donald Arnold W, who performs the President & CEO job, sold 5 thousand shares for $322.45 thousand. The disposal occurred on 04/02/2018 was priced at $64.49 per share. The share price plunged -5.29 percent since the reporting date. Donald Arnold W now left with a stake of 493.37 thousand CCL stock worth $28.76 million after the insider selling.

The 12-month median price target for Carnival Corporation (CCL) assigned by the analysts stands at $74.85, which represents a return potential of 28.39 percent when compared to the closing price of the stock of $58.3 on Tuesday, December 04. The lowest price target for the stock is $58 — slightly more than -0.51 percent from CCL’s current share price. The stock will probably climb 25.03 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $85-month high price target. This represents a whopping 45.8 percent increase from where shares are trading today.

On momentum oscillators front, ‘RSI’ has touched 44.58 on daily chart, which may remain a cause for concern. If the price breaks below $56.85 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $59.53 mark may result into a pull-back move towards $60.75 level. The stock is currently hovering around the first support level of $57.58. Below this, the next support is placed in the zone of $56.85. Till the time, the CCL stock trades above this level, bulls have nothing to fear.

Shares of Carnival Corporation (CCL) are trading at a P/E ratio of 17.87 times earnings reported for the past 12 months. The industry CCL operates in has an average P/E of 63.98. Its P/E ratio went as low as 13.82X and as high as 28.25 over the 5-year span. Further, it is sporting a 2.18 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.96. 41.3 percent is the gross profit margin for Carnival Corporation and operating margin sits at 17.8 percent. Along with this, the net profit margin is 17.2 percent.

On 4th of December, Carnival Corporation (NYSE:CCL) shares ended lower after a volatile session. The shares dropped -2.78 points or -4.55 percent at $58.3 with a heavy trade volume of 5.195 million shares. After opening the session at $59.86, the shares went as high as $60.03 and as low as $58.08, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $40.7 billion and now has 697.2 million shares outstanding. Carnival Corporation (CCL) stock has gained 2.16 percent of market value in 21 trading days.

In last reported earnings results, CCL earned $2.36 per share, better than the $2.32, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $5.84B, better than the $5.81B analysts expected. Earnings are estimated to increase by -3.4 percent this year, 9.89 percent next year and continue to increase by 12.29 percent annually for the next 5 years. Investors will get their next glimpse of CCL’s Q4 earnings on December 21. Analysts are forecasting revenue to climb 4.8 percent to $4.46B in the next fiscal quarter, while earnings are seen soaring by nearly 11.11 percent to $0.7 per share. History has shown that shares in Carnival Corporation have gone up on 17 different earnings reaction days and are predicted to add 0.03 percent when the company reports upcoming earnings.

CCL stock has a trailing 3-year beta of 0.99, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $4.5 a share in the trailing twelve months. The stock’s value has fallen -12.16 percent year to date (YTD) against a decline of -13.31 percent in 12 month’s time. The company’s shares still trade -19.81 percent away from its 1-year high of $72.70 and 9.03 percent up from 52-week low of $53.47. The average consensus rating on the company is 2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.