Table Of Content
- Sustainability and ESG
- Wall Street Favorites: 3 Cruise Stocks with Strong Buy Ratings for April 2024
- Of S&P 500 Stocks Show Upside Potential Vs. Street Estimates: Which Offers The Best Opportunity?
- Stocks That Will Be Hit Hardest by the 2024 Baltimore Bridge Disaster
- Debt
- Carnival Glory cruise ship passenger vanishes, Coast Guard searching Gulf of Mexico
- Cunard Officially Welcomes New Ship Queen Anne with Ceremony at Fincantieri Shipyard
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.
Sustainability and ESG
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.
Wall Street Favorites: 3 Cruise Stocks with Strong Buy Ratings for April 2024
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.
Of S&P 500 Stocks Show Upside Potential Vs. Street Estimates: Which Offers The Best Opportunity?
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.
Stocks That Will Be Hit Hardest by the 2024 Baltimore Bridge Disaster
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.
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.
If You Invested $1,000 in Carnival Stock in 2019, This Is How Much You Would Have Today - Yahoo Finance
If You Invested $1,000 in Carnival Stock in 2019, This Is How Much You Would Have Today.
Posted: Mon, 22 Jan 2024 08:00:00 GMT [source]
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...
Carnival Glory cruise ship passenger vanishes, Coast Guard searching Gulf of Mexico
Is Carnival Stock a Buy on the Dip? - The Motley Fool
Is Carnival Stock a Buy on the Dip?.
Posted: Tue, 09 Apr 2024 07:00:00 GMT [source]
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.
© 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.
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 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.
