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Barchart
Barchart
Mark R. Hake, CFA

Carnival Corp Stock Looks Cheap Here - Still a Favorite of Market Analysts

CCL Carnival Corp Barchart

Carnival Corp (CCL) produced positive free cash flow last quarter, and analysts have significantly higher price targets for CCL stock. Given its recent tumble, CCL looks attractive here, especially for cash-secured short-put plays.

CCL is at $17.26 in midday trading on Tuesday, April 8, well off its Jan. 30 high of $28.49 per share. It may have reached a near-term trough of $16.43 yesterday. That makes it an opportune time for value investors to buy the dip.

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