Carnival Reaches New 52-Week High (CCL)

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.

NEW YORK ( TheStreet) -- Carnival Corporation (NYSE: CCL) hit a new 52-week high Thursday as it is currently trading at $39.01, above its previous 52-week high of $39 with 962,786 shares traded as of 11 a.m. ET. Average volume has been 3.5 million shares over the past 30 days.

Carnival has a market cap of $22.47 billion and is part of the services sector and leisure industry. Shares are up 18.1% year to date as of the close of trading on Wednesday.

Carnival Corporation operates as a cruise and vacation company worldwide. The company has a P/E ratio of 20.7, below the average leisure industry P/E ratio of 26.1 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Carnival as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, increase in stock price during the past year 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.

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