|Bid||105.00 x N/A|
|Ask||131.85 x N/A|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||2.34|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||20 Feb 2020|
|1y target est||N/A|
PRINCESS CRUISES AND HOLLAND AMERICA LINE KICK OFF RETURN TO SERVICE IN THE U.S. FROM THE PORT OF SEATTLE
Truist Securities was the entity shifting its price target. The investment bank now believes Carnival is worth $20 per share, up from the previous estimation of $18. It's little wonder -- that $20 per share level is below the $22.71 Thursday closing price of Carnival's stock.
About two weeks ago, Carnival stock (NYSE: CCL) (NYSE: CUK) hit an iceberg, when the cruise company announced it would spend $2 billion to buy back some of its debt. In Thursday trading, Carnival stock is going down again -- falling 2.4% through 10:30 a.m. EDT -- and the reason this time is because of how Carnival plans to pay for buying back its debt. On July 6, Carnival said it would spend $1,142.50 for each $1,000 paid off on its "11.5% senior secured notes due 2023."