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NYSE:CCL

Carnival Co. & (CCL) Stock Price, News & Analysis

Carnival Co. & logo
$21.90
-0.10 (-0.45%)
(As of 11/1/2024 ET)

About Carnival Co. & Stock (NYSE:CCL)

Key Stats

Today's Range
$21.75
$22.15
50-Day Range
$15.67
$22.16
52-Week Range
$11.61
$23.05
Volume
23.50 million shs
Average Volume
29.92 million shs
Market Capitalization
$25.28 billion
P/E Ratio
19.55
Dividend Yield
N/A
Price Target
$23.53
Consensus Rating
Moderate Buy

Company Overview

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 Cruise Line was launched in 1972 with one second-hand ship and a tank of fuel. The first port of call was San Juan, Puerto Rico, but soon more were added. 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.

The company’s growth hit a new stride in 1987 following the IPO which floated 20% of the company on the open market. The proceeds from the IPO allowed the company to embark on a voyage of acquisition and now Carnival is the world’s largest travel and leisure business.

Today, Carnival Corporations’ 87 ships visit approximately 700 ports worldwide and employ more than 120,000 people while serving more than 13 million guests annually for a total of 85 million passenger cruise days per year. Net revenue, prior to the COVID-19 pandemic, peaked out at over $6.5 billion annually.

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’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. The company also has the distinction of being the only company included in both the S&P 500 and FTSE 250 indices.

 

Carnival Co. & Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
88th Percentile Overall Score

CCL MarketRank™: 

Carnival Co. & scored higher than 88% of companies evaluated by MarketBeat, and ranked 37th out of 296 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Carnival Co. & has received a consensus rating of Moderate Buy. The company's average rating score is 2.76, and is based on 14 buy ratings, 2 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Carnival Co. & has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Carnival Co. &'s stock forecast and price target.
  • Earnings Growth

    Earnings for Carnival Co. & are expected to grow by 24.81% in the coming year, from $1.33 to $1.66 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Carnival Co. & is 19.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.20.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Carnival Co. & is 19.55, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.91.

  • Price to Book Value per Share Ratio

    Carnival Co. & has a P/B Ratio of 2.94. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Carnival Co. &'s valuation and earnings.
  • Percentage of Shares Shorted

    5.80% of the outstanding shares of Carnival Co. & have been sold short.
  • Short Interest Ratio / Days to Cover

    Carnival Co. & has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Carnival Co. & has recently decreased by 1.27%, indicating that investor sentiment is improving.
  • Dividend Yield

    Carnival Co. & does not currently pay a dividend.

  • Dividend Growth

    Carnival Co. & does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Carnival Co. & is 178.57%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on EPS estimates, Carnival Co. & will have a dividend payout ratio of 120.48% in the coming year. This indicates that Carnival Co. & may not be able to sustain their current dividend.

  • Read more about Carnival Co. &'s dividend.
  • Percentage of Shares Shorted

    5.80% of the outstanding shares of Carnival Co. & have been sold short.
  • Short Interest Ratio / Days to Cover

    Carnival Co. & has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Carnival Co. & has recently decreased by 1.27%, indicating that investor sentiment is improving.
  • News Sentiment

    Carnival Co. & has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 13 news articles for Carnival Co. & this week, compared to 13 articles on an average week.
  • Search Interest

    Only 79 people have searched for CCL on MarketBeat in the last 30 days. This is a decrease of -7% compared to the previous 30 days.
  • MarketBeat Follows

    38 people have added Carnival Co. & to their MarketBeat watchlist in the last 30 days. This is an increase of 73% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Carnival Co. & insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $380,100.00 in company stock.

  • Percentage Held by Insiders

    11.00% of the stock of Carnival Co. & is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    67.19% of the stock of Carnival Co. & is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Carnival Co. &'s insider trading history.
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CCL Stock News Headlines

Financial markets news icon
MarketBeat Week in Review – 10/7 - 10/11 (CCL)
Stocks delivered another winning week, but the latest inflation readings dampened hopes for aggressive rate cuts and turned attention toward earnings
Nvidia warning urgent
I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was. Because here we are, a quarter of a century later, almost to the exact day, and it’s happening again.
Carnival Cruise Lines
Carnival Has Analysts Going Wild: Here's Why
Based on both Carnival's fundamental performance and the bullish outlook from the analysts, it's hard not to see them continue cruising north from here.
People watch an electronic stock board showing Japan's Nikkei index at a securities firm in Tokyo, …
Stock market today: Asian shares rise after Wall Street rally, and China promises a briefing
Asian shares are mostly higher, as market optimism got a perk from the record highs set on Wall Street
Carnival Co. & (NYSE:CCL) Reaches New 1-Year High - Should You Buy?
Why Carnival Stock Hit A New 52-Week High Today
See More Headlines

CCL Stock Analysis - Frequently Asked Questions

Carnival Co. &'s stock was trading at $18.54 at the beginning of the year. Since then, CCL shares have increased by 18.1% and is now trading at $21.90.
View the best growth stocks for 2024 here
.

Carnival Co. & plc (NYSE:CCL) released its quarterly earnings data on Monday, September, 30th. The company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.10. The company's quarterly revenue was up 15.2% on a year-over-year basis.
Read the conference call transcript
.

The following companies are subsidiaries of Carnival Co. &: 1972 Productions Inc., 6348 Equipment LLC, A.C.N. 098 290 834 Pty. Ltd., Adventure Island Ltd., AIDA Kundencenter GmbH, AIDAradio GmbH, Air-Sea Holiday GmbH, and others.

Carnival Co. &'s top institutional investors include Commonwealth Equity Services LLC (0.36%), Portman Square Capital LLP, International Assets Investment Management LLC (0.27%) and National Pension Service (0.23%). Insiders that own company stock include Randall J Weisenburger, David Bernstein, Sir Jonathon Band and Arnold W Donald.
View institutional ownership trends
.

Shares of CCL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Carnival Co. & investors own include Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Walt Disney (DIS), Delta Air Lines (DAL) and Verizon Communications (VZ).

Company Calendar

Last Earnings
9/30/2024
Today
11/02/2024
Fiscal Year End
11/30/2024
Next Earnings (Estimated)
12/19/2024

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Hotels Resorts & Cruise Lines
CUSIP
14365830
Employees
92,000
Year Founded
1972

Price Target and Rating

Average Stock Price Target
$23.53
High Stock Price Target
$28.00
Low Stock Price Target
$16.50
Potential Upside/Downside
+7.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.76
Research Coverage
17 Analysts

Profitability

Net Income
$-75,000,000.00
Pretax Margin
6.48%

Debt

Sales & Book Value

Annual Sales
$24.48 billion
Cash Flow
$2.23 per share
Book Value
$7.45 per share

Miscellaneous

Outstanding Shares
1,154,165,000
Free Float
1,027,207,000
Market Cap
$25.28 billion
Optionable
Optionable
Beta
2.66

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This page (NYSE:CCL) was last updated on 11/2/2024 by MarketBeat.com Staff
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