$16.19
Carnival Corporation (CCL) is a leisure travel company headquartered in Miami, Florida. It operates an international cruise line with 2- to 31-day voyages across destinations that include Mexico, Alaska, The Bahamas, Europe and Hawaii.
Founded in 1972 by Ted Arison, Carnival is one of the world's largest cruise operators. Its fleet consists of over 100 ships, with the company planning to take delivery of 22 new vessels between 2018 and 2025. Carnival Corporation went public in 1987 and is listed on the New York Stock Exchange.
How to buy shares in Carnival Corporation
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Latest updates for Carnival Corporation
March 12, 2024: On Wednesday, Goldman Sachs initiated coverage on Carnival Corporation with a Buy rating and a price target of $20, according to Investing.com.
March 7, 2024: Stifel analyst Steven Wieczynski maintained a Buy rating on Carnival, with a price target of $26, according to Benzinga.
February 26, 2024: It seems a rising tide does lift all boats. Shares of cruise stocks powered higher after upbeat quarterly results from Norwegian Cruise Line Holdings. Norwegian jumped more than 17%, while Carnival stock rose 8% and Royal Caribbean shares climbed more than 3%, according to the Wall Street Journal.
February 22, 2024: Invesco Ltd. reduced its shares of Carnival by 5.9% in the 3rd quarter, according to its most recent filing with the SEC. It now owns 9,247,645 shares of the company's stock after selling 576,733 shares during that period, according to MarketBeat.
Looking ahead - Carnival stock Q1 2024
"We entered the year with the best booked position we have ever seen, and now have nearly two-thirds of our occupancy already on the books for 2024, at considerably higher prices," Weinstein said. "We continue to experience strong bookings momentum across the board, with our European brands showing remarkable strength."
For 2024, Carnival predicts adjusted EBITDA of approximately $5.6 billion, which would represent more than 30% growth compared to 2023. The cruise line giant also forecasts net yields growing around 8.5% with full year occupancy returning to historical levels.
In Q1 2024, the company predicts adjusted EBITDA of $800 million, more than double the first quarter of 2023, and net yields growth of 16.5%, according to Investor's Business Daily.
Is it a good time to buy Carnival Corporation stock?
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Share price volatility
Over the last 12 months, Carnival Corporation's shares have ranged in value from as little as $8.495 up to $19.74. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Carnival Corporation's is 2.55. This would suggest that Carnival Corporation's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Historical closes compared with the last close of $16.19
1 week (2024-03-11) | -0.31% |
---|---|
1 month (2024-02-15) | 9.39% |
3 months (2023-12-18) | -13.47% |
6 months (2023-09-18) | 7.29% |
1 year (2023-03-16) | 89.36% |
2 years (2022-03-17) | -16.80% |
3 years (2021-03-18) | -44.10% |
5 years (2019-03-18) | -71.66% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.
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Is Carnival Corporation under- or over-valued?
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Carnival Corporation P/E ratio, PEG ratio and EBITDA
Carnival Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.41. A PEG ratio over 1 can be interpreted as meaning shares are overvalued at the current rate of growth, or may anticipate an acceleration in growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Carnival Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Carnival Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $4.3 billion.
The EBITDA is a measure of a Carnival Corporation's overall financial performance and is widely used to measure a its profitability.
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