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20 Wall Street research analysts have issued 12-month price targets for Carnival Co. &'s stock. Their CCL share price targets range from $11.00 to $25.00. On average, they anticipate the company's stock price to reach $21.47 in the next year.
Carnival CorpCCL:US
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. 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. Investors should take those estimates with a grain of salt, but they strongly suggest Carnival's business will stabilize over the next two to three years.
CCL Stock News Headlines
There are currently 1 sell rating, 2 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street 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 - 35 Year Stock Price History CCL
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. Get access to powerful investment discovery tools and a wealth of investment education to help you achieve your financial goals. 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. Two cruises have been canceled during the busy spring break season following a fire on the Carnival Freedom, the cruise line announced. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for Carnival Co. & and its competitors with MarketBeat's FREE daily newsletter.
Carnival Glory cruise ship passenger vanishes, Coast Guard searching Gulf of Mexico
The original growth strategy included a festive atmosphere, features and amenities unlike any other cruise line at the time. Slow to start, the growth strategy shifted into overdrive in 1980 when Carnival shocked the world by building its own ship. The Tropicale became an iconic name in the cruising industry and sparked a wave of shipbuilding that is still underway. A 28-year-old man reported missing aboard the Carnival Glory cruise ship on Monday prompted the U.S. The U.S. Coast Guard continues searching for a man they now say appears to have jumped off the Carnival Glory cruise ship after it departed New Orleans on Sunday. Crew members from a Carnival cruise ship assisted in rescuing six men from the ocean near the Dominican Republic, and alerted the Coast Guard to six more.
Royal Caribbean is similarly valued at 3 times next year's sales and 9 times its adjusted EBITDA. 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 a number of institutional and retail investors.
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. 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. 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, ... According to 20 analysts, the average rating for CCL stock is "Strong Buy." The 12-month stock price forecast is $21.0, which is an increase of 48.73% from the latest price.
This suggests a possible upside of 52.1% from the stock's current price. View analysts price targets for CCL or view top-rated stocks among Wall Street analysts. Carnival remains the largest company in the cruise industry, with nine global brands and 92 ships at the end of fiscal 2023. 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. 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carnival Co. & in the last twelve months.
Carnival (CCL) Earnings: Sees All-Time Record Booking
Cruise Stocks Rally After Norwegian Posts First Profitable Year Since 2019 - Investopedia
Cruise Stocks Rally After Norwegian Posts First Profitable Year Since 2019.
Posted: Tue, 27 Feb 2024 08:00:00 GMT [source]
MIAMI , April 2, 2024 /PRNewswire/ -- In recognition of the company's food waste management leadership, Jan Swartz, executive vice president of strategic operations for Carnival Corporation & plc (NYS... Proceeds from the offering of senior unsecured notes and cash on hand to be used to redeem €500 million 7.625% senior unsecured notes due 2026; cash on hand to repay $800 million of the term loan faci... In fiscal 2020 and fiscal 2021 (which ended in November 2021), Carnival's revenue and number of passengers plummeted.
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. Could Carnival's stock keep climbing and hit new highs over the next three years?
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. Carnival Co. &'s stock was trading at $18.54 at the beginning of the year.
Since then, CCL shares have decreased by 23.8% and is now trading at $14.12. Net revenue, prior to the COVID-19 pandemic, peaked out at over $6.5 billion annually. 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... 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.
Let's review its previous slowdown, its recent recovery, and its expectations for the future to decide. In 2023, CUK's revenue was $21.59 billion, an increase of 77.44% compared to the previous year's $12.17 billion. 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.
Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates. 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.
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