|Bid||19.00 x 1000|
|Ask||19.84 x 1100|
|Day's range||19.78 - 20.49|
|52-week range||10.38 - 27.31|
|Beta (5Y monthly)||2.34|
|PE ratio (TTM)||N/A|
|Earnings date||18 Dec 2020 - 22 Dec 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||20 Feb 2020|
|1y target est||N/A|
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."
U.S. stocks closed higher for the second successive day on Wednesday, as a string of upbeat earnings coupled with renewed optimism about the nation's economic recovery gave a boost to investors' confidence.