|Bid||13.17 x 21500|
|Ask||13.19 x 3000|
|Day's Range||12.69 - 13.96|
|52 Week Range||12.69 - 31.52|
|Beta (5Y Monthly)||2.08|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 20, 2020|
|1y Target Est||N/A|
In early trading Friday, stock markets attempted to make a comeback and end a down week on an up note. As The Fly reports, Truist has only a neutral rating on each of Royal Caribbean and Norwegian Cruise Line -- and rates Carnival stock an out and out sell.
Investors weren't overjoyed about a fresh debt offering announced by Carnival, and a bearish new note from an analyst didn't help, either. After market hours on Wednesday, Carnival announced that it is floating a private offering of $1 billion worth of senior unsecured notes. Carnival says it plans to use the net proceeds of the issue to make scheduled principal payments on debt during fiscal 2023 and for general corporate purposes.
Now that travelers are looking to put the pandemic in the rearview mirror, there is excitement in the air and investors could be tempted by "reopening" stocks like Carnival Corporation (NYSE: CCL). Carnival finally sees the light on the horizon after the worst period in its history. Carnival produced $1.3 billion in sales in Q4 FY 2022 but still posted a larger operating loss than for the same period of 2021, when sales were just $34 million.