|Bid||20.93 x 1200|
|Ask||21.03 x 900|
|Day's Range||19.83 - 20.98|
|52 Week Range||10.38 - 27.31|
|Beta (5Y Monthly)||2.34|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec. 18, 2020 - Dec. 22, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb. 20, 2020|
|1y Target Est||N/A|
Shares of cruise ship operator Carnival Corporation (NYSE: CCL) (NYSE: CUK) stock are bouncing back Monday, up 3.3% as of 12:35 p.m. EDT. The move comes in response to news late Friday that the U.S. Court of Appeals for the 11th Circuit has reversed its previous ruling that the U.S. Centers for Disease Control and Prevention could enforce its Conditional Sail Order, setting restrictions on whether cruise lines could sail carrying unvaccinated passengers after July 18. To be clear, this reversal means that the CDC now cannot enforce that order, and the cruise lines can sail with unvaccinated passengers -- at least in Florida.
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."