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View analysts price targets for CCL or view top-rated stocks among Wall Street analysts. 20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carnival Co. & in the last year. There are currently 1 sell rating, 2 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CCL shares. The past few years have been tough on Carnival Corp. (CCL -0.42%). The cruise line operator's revenue plunged in 2020 and 2021 as global travel ground to a halt during the pandemic, and it was forced to take on a lot more debt to stay solvent.
Carnival Cruise Line warns of possible $10M profit hit from Baltimore bridge collapse
The company is scheduled to release its next quarterly earnings announcement on Monday, June 24th 2024. New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies. That leverage gives Carnival a high debt-to-equity ratio of 4.6. Yet its competitor Royal Caribbean (RCL 1.23%), which endured a similar slowdown during the pandemic, ended its latest quarter with an even higher debt-to-equity ratio of 6.1. Could Carnival's stock keep climbing and hit new highs over the next three years? Let's review its previous slowdown, its recent recovery, and its expectations for the future to decide.
Carnival Analyst Data
Its occupancy rate stayed above 100% in fiscal 2020 as it filled the vessels that hadn't been suspended yet, but it barely filled up half of its active vessels in fiscal 2021 as more travelers stayed home. But over the past two years, all three of those core growth metrics bounced back. Two cruises have been canceled during the busy spring break season following a fire on the Carnival Freedom, the cruise line announced.
NYSE: CCL
VALENCIA, Calif. , April 19, 2024 /PRNewswire/ -- She's the next in a fine line for Cunard, and today (April 19), Queen Anne officially joined the luxury cruise line's iconic fleet during a historic h... In 2023, CCL's revenue was $21.59 billion, an increase of 77.46% compared to the previous year's $12.17 billion. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Analyst initiates coverage of Royal Caribbean Cruises with Buy rating and price target of $164.
Company Ownership
The Carnival Jubilee cruise ship has rescued two men stranded in a kayak in the Gulf of Mexico after the boat they were traveling in reportedly sank. Carnival Co. &'s stock is owned by many different retail and institutional investors. Insiders that own company stock include Arnold W Donald, David Bernstein and Randall J Weisenburger. Carnival Cruise Line is the company’s largest brand serving guests on all coasts of North America. The brand's 22 ships make 1500 voyages per year with trips ranging from 2 days to 3 weeks and ports of call from the Caribbean to Alaska. The company's largest ship is named Panorama and can accommodate more than 4,000 passengers.
Carnival Co. & MarketRank™ Stock Analysis
The cruise operator said it expects the disruption to hit annual adjusted earnings by as much as $10 million. Carnival's stock has rallied nearly 90% this year as its business stabilized after the height of the pandemic, but it remains nearly 80% below its all-time high from early 2018. Nevertheless, investors should still take into account Carnival's debt -- which is reflected in its higher enterprise value instead of its lower market capitalization -- when valuing its stock. With an enterprise value of $48 billion, Carnival doesn't seem expensive at 2 times next year's sales and 9 times its adjusted EBITDA. Royal Caribbean is similarly valued at 3 times next year's sales and 9 times its adjusted EBITDA. For fiscal 2025, analysts expect Carnival's revenue to grow 5% to $25.4 billion, its adjusted EBITDA to rise 10% to $6 billion, and for its net income to increase 54% to $1.8 billion.
Should You Buy Carnival Stock Hand Over Fist With $100 Right Now? - The Motley Fool
Should You Buy Carnival Stock Hand Over Fist With $100 Right Now?.
Posted: Thu, 14 Mar 2024 07:00:00 GMT [source]
The company also has the distinction of being the only company included in both the S&P 500 and FTSE 250 indices. World's largest cruise company finalizes agreement with Meyer Werft for new world-class cruise ship scheduled for delivery in 2028 MIAMI , March 26, 2024 /PRNewswire/ -- Carnival Corporation & plc (N... Carnival also turned unprofitable in fiscal 2020 with a net loss of $2.2 billion, which widened to $9.5 billion in fiscal 2021.
Financial Strength
Carnival Corporation & plc is a leisure travel company operating a fleet of cruise ships, hotels, and resorts with international destinations. Brands under the Carnival Corporation umbrella include Carnival Cruise Line, Princess Cruises, Holland America, P&O Cruises, Seaborn, Costa Cruises, AIDA Cruises, and Cunard. The company’s goal is to provide extraordinary vacations at an exceptional value. As of 2022, the company laid claim to nearly half of the global cruising market share with several new ships in the works. Carnival remains the largest company in the cruise industry, with nine global brands and 92 ships at the end of fiscal 2023.
Should Investors Still Buy Carnival Cruise Stock Right Now, Even After Shares Doubled? - The Motley Fool
Should Investors Still Buy Carnival Cruise Stock Right Now, Even After Shares Doubled?.
Posted: Sat, 30 Mar 2024 07:00:00 GMT [source]
The global cruise market has historically been underpenetrated, offering cruise companies a long-term demand opportunity. With an European demand profile that has recently returned to normalized levels, we believe there is ample support for improving economic performance at Carnival. Carnival Corporation owns and operates cruise ships offering cruises to all major vacation destinations including North America, United Kingdom, Germany, Southern Europe, South America, and Asia Pacific.
The Tropicale became an iconic name in the cruising industry and sparked a wave of shipbuilding that is still underway. According to 20 analysts, the average rating for CUK stock is "Strong Buy." The 12-month stock price forecast is $21.0, which is an increase of 64.97% from the latest price. Carnival CEO Josh Weinstein joins 'Money Movers' to discuss how the bridge collapse will affect Carnival's operations, security concerns in the Red Sea, and any sign of slowing demand. The world's largest cruise company's commitment to sustainability and the enchanting beauty of Mahogany Bay in Roatan, Honduras, recognized with top environmental honor MIAMI , April 4, 2024 /PRNewswi...
Its business recovered in 2022 and 2023 as the pandemic diminished and people started traveling again, but its stock has still lost about a quarter of its value over the past three years. CCL slipped 0.5% in premarket trading Wednesday, after the cruise operator reported an narrower-than-expected fiscal first-quarter loss but also said it expected the collapse ... Carnival Corp. (CCL) shares turned higher in intraday trading Wednesday after the cruise line posted a smaller adjusted first-quarter loss than analysts expected. World's largest cruise company releases annual report detailing its global sustainability performance and progress, including surpassing several sustainability goals well in advance MIAMI , April 10, ... Carnival’s 9 brands provide access to a wide range of cruising styles and destinations including the Caribbean, Alaska, Australia, New Zealand, Hawaii, England, and ports in Asia. The company is headquartered in Miami, Florida and has offices around the world.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. The media accessing negative experience commentary regarding cruise incidents could weigh on Carnival's brand image and pricing leverage, making new cruisers hesitant to try cruising. Carnival Corporation said Wednesday the Francis Scott Key Bridge collapse in Maryland could have a negative effect on its full-year earnings to the tune of up to $10 million.
Carnival had an incident on one of its cruise liners Friday that led to a traveler getting medical treatment for an alleged attack by another passenger, a spokesperson confirmed. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment. Sign-up to receive the latest news and ratings for Carnival Co. & and its competitors with MarketBeat's FREE daily newsletter. In 2023, CUK's revenue was $21.59 billion, an increase of 77.44% compared to the previous year's $12.17 billion. We’d like to share more about how we work and what drives our day-to-day business.
The Company, through a subsidiary also owns and operates hotels and lodges. 20 brokerages have issued 12-month target prices for Carnival Co. &'s shares. On average, they predict the company's share price to reach $21.47 in the next twelve months. This suggests a possible upside of 52.1% from the stock's current price.
© 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer. 23 employees have rated Carnival Co. & Chief Executive Officer Arnold W. Donald on Glassdoor.com. Arnold W. Donald has an approval rating of 93% among the company's employees. This puts Arnold W. Donald in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
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