Carnival Corporation (CCL): Today's Featured Leisure Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
.
(
) pushed the Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole was unchanged today. By the end of trading, Carnival Corporation fell 60 cents (-1.5%) to $38.48 on average volume. Throughout the day, 2.8 million shares of Carnival Corporation exchanged hands as compared to its average daily volume of 3.6 million shares. The stock ranged in price between $38.38-$38.81 after having opened the day at $38.73 as compared to the previous trading day's close of $39.08. Other companies within the Leisure industry that declined today were:
(
), down 6.2%,
(
), down 3.9%,
(
), down 3.7%, and
(
), down 3.1%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
Carnival Corporation operates as a cruise and vacation company worldwide. Carnival Corporation has a market cap of $22.77 billion and is part of the services sector. The company has a P/E ratio of 20.9, above the S&P 500 P/E ratio of 17.7. Shares are up 17.3% year to date as of the close of trading on Friday. Currently there are seven analysts that rate Carnival Corporation a buy, no analysts rate it a sell, and eight rate it a hold.
TheStreet Ratings rates Carnival Corporation as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Carnival Ratings Report.
On the positive front,
(
), up 11.3%,
(
), up 3.5%,
(
), up 3.4%, and
(
), up 3.4%, were all gainers within the leisure industry with
(
) being today's featured leisure industry leader.
- Use our leisure section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the leisure industry could consider
PowerShares Dynamic Leisure&Entert
(
) while those bearish on the leisure industry could consider
ProShares Ultra Sht Consumer Services
(
).
- Find other investment ideas from our top rated ETFs lists.
FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!
.
null