Carnival Stock Hits New 52-Week High (CCL)

NEW YORK ( TheStreet) -- Carnival Corporation (NYSE: CCL) hit a new 52-week high Thursday as it traded at $414151 compared with its previous 52-Week high of $48.14. Carnival is changing hands at $41.44 with 3.5 million shares traded as of 12:31 p.m. ET. Average volume has been 3.6 million shares over the past 30 days.

Carnival has a market cap of $24.4 billion and is part of the services sector and leisure industry. Shares are down 11.9% year to date as of the close of trading on Wednesday.

Carnival Corporation operates as a cruise and vacation company in the United States and internationally. The company has a P/E ratio of 16.2, below the average leisure industry P/E ratio of 20.5 and below the S&P 500 P/E ratio of 21.5.

TheStreet Ratings rates Carnival as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and growth in earnings per share. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Carnival Ratings Report.

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