Carnival Corp
CCL

$18.36

2.97%

Market Cap: $24.1B

About: Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to covid-19, a level it reached again in 2023.

Employees: 106,000

Industrials Water Transportation

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 8 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

28% more first-time investments, than exits

New positions opened: 120 | Existing positions closed: 94

27% more repeat investments, than reductions

Existing positions increased: 302 | Existing positions reduced: 238

22% more capital invested

Capital invested by funds: $10.7B [Q1] → $13B (+$2.36B) [Q2]

3.68% more ownership

Funds ownership: 58.36% [Q1] → 62.04% (+3.68%) [Q2]

3% more funds holding

Funds holding: 826 [Q1] → 852 (+26) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 10 [Q1] → 10 (+0) [Q2]

42% less call options, than puts

Call options by funds: $875M | Put options by funds: $1.5B

See Fund Rankings

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$15

18%

downside

Avg. target

$22

17%

upside

High target

$25

36%

upside

8 analyst ratings

5 positive

63%

2 neutral

25%

1 negative

13%

Morgan Stanley Jamie Rollo 0% 1-year accuracy 0 / 2 met price target	18%downside $15	Underweight Maintained	7 Aug 2024
JP Morgan Matthew Boss 49% 1-year accuracy 28 / 57 met price target	36%upside $25	Overweight Maintained	24 Jul 2024
Truist Securities Patrick Scholes 33% 1-year accuracy 11 / 33 met price target	9%upside $20	Hold Maintained	23 Jul 2024
B of A Securities Nicholas Thomas 0% 1-year accuracy 0 / 1 met price target	31%upside $24	Buy Maintained	27 Jun 2024
Argus Research John Eade 69% 1-year accuracy 18 / 26 met price target	36%upside $25	Buy Maintained	27 Jun 2024

See Analyst Rankings

Financial journalist opinion

Based on 26 articles about CCL published over the past 30 days

Carnival Corporation: Fed's Rate Cuts Ease Its Debt Load

Cruise stocks present a compelling risk-reward balance, with strong demand and potential interest rate cuts enhancing margins, especially for debt-laden operators like Carnival Corp. CCL's Q3 earnings are expected to show significant growth, driven by robust demand and a strategic focus on margin expansion, justifying an upgrade to a Buy rating. The Company's valuation suggests an 8% sales CAGR and a 16% adj. EBITDA CAGR through CY26, implying a 17-18% upside despite high interest expenses.

Carnival Corporation: Fed's Rate Cuts Ease Its Debt Load

Cruise Stocks To Sail Smoothly Into 2025: Analyst Sees 'Zero Signs Of Softening'

Cruise stocks are cruising in the fast lane, and according to analysts, the seas ahead look crystal clear. Royal Caribbean Group RCL, Carnival Corp CCL, and Norwegian Cruise Line Holdings Ltd NCLH are poised for a strong setup in 2025, backed by rising demand and pricing power, according to JPMorgan analyst Matthew R.

Cruise Stocks To Sail Smoothly Into 2025: Analyst Sees 'Zero Signs Of Softening'

3 Stocks That Could See Rising Demand Based on Latest Jobs Data

Looking into jobs data isn't just useful for understanding how strong the general economy is. It can also provide insight into what types of companies might be preparing for increases in the demand for their products and services.

3 Stocks That Could See Rising Demand Based on Latest Jobs Data

The Motley Fool

Where Will Carnival Stock Be in 1 Year?

Carnival is still dealing with exceptional demand, and interest rate cuts could send it even higher. It's managing its debt effectively, but a change in demand could pose a risk to its plans.

Where Will Carnival Stock Be in 1 Year?

The Motley Fool

2 Stocks That Could Skyrocket in 2025

Cruises have been taking share from other forms of travel, and that will benefit Carnival investors. Roku's double-digit growth in streaming households is pointing to substantial upside for the stock.

2 Stocks That Could Skyrocket in 2025

OKX Wallet Team to Host 'The Carnival by OKX Wallet ft. MemeCoin Summit' on Day One of TOKEN2049

SINGAPORE, Sept. 12, 2024 (GLOBE NEWSWIRE) -- OKX, a global Web3 technology company, has issued updates for September 11, 2024.

OKX Wallet Team to Host 'The Carnival by OKX Wallet ft. MemeCoin Summit' on Day One of TOKEN2049

Zacks Investment Research

Carnival (CCL) Rises Higher Than Market: Key Facts

The latest trading day saw Carnival (CCL) settling at $16.14, representing a +0.69% change from its previous close.

Carnival (CCL) Rises Higher Than Market: Key Facts

Zacks Investment Research

Wall Street Analysts See Carnival (CCL) as a Buy: Should You Invest?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Wall Street Analysts See Carnival (CCL) as a Buy: Should You Invest?

24/7 Wall Street

Carnival, Norwegian, or Royal Caribbean: Which Cruise Stock Is the Best Buy Today?

The cruise industry was arguably the worst-hit during the pandemic.

Carnival, Norwegian, or Royal Caribbean: Which Cruise Stock Is the Best Buy Today?

CNBC International TV

Strategist: prefer travel and cruise line stocks over Target & Walmart in U.S. consumer plays

Dan Greenhaus of Solus Alternative Asset Management says that while the broader market gains are slowing, the U.S. consumer remains healthy.

Strategist: prefer travel and cruise line stocks over Target & Walmart in U.S. consumer plays

See News Rankings