Further Upside For Carnival Corporation & plc (NYSE:CCL) Shares Could Introduce Price Risks After 28% Bounce
Carnival Corporation & plc (NYSE:CCL) shares have continued their recent momentum with a 28% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 57%.
Even after such a large jump in price, given about half the companies in the United States have price-to-earnings ratios (or “P/E’s”) above 19x, you may still consider Carnival Corporation & as an attractive investment with its 14.9x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
Recent times have been advantageous for Carnival Corporation & as its earnings have…
