CCL: Carnival Corp Stock Price Quote New York

Table Of Content

• CCL Stock Analysis - Frequently Asked Questions
• Carnival believes it offers great value
• SEABOURN UNVEILS 'THE COLLECTION': EXCLUSIVE CRUISES FEATURING UNIQUE SHORESIDE EXPERIENCES
• Financial Calendars
• Carnival Is Attracting a Shocking Number of New Customers, Can It Last?
• Biotech Stocks Set to Double by 2028
• About Carnival Co. & Stock (NYSE:CCL)

In fact, according to Reuters, travelers have been booking 2024 cruises at “greater volumes” than before the pandemic. Plus, about 35.7 million vacationers are expected to cruise this year – up from 31.5 million in 2023. There are only so many potential customers, and only so many rooms on Carnival's cruise ships to accommodate them. At some point, 50% new-to-cruise customers growth just isn't sustainable. In fact, if the new-to-cruise guest count leveled off at fourth-quarter 2023's high rate for all of 2024, 2024 fourth-quarter growth in new-to-cruise guests would be zero on a percentage basis. Meanwhile, if there were a decline in the number, the growth rate in new-to-cruise customers would be negative, even though it would still be at a high rate.

Carnival Cruise Lines Stock: Buy, Sell, or Hold? - The Motley Fool

Carnival Cruise Lines Stock: Buy, Sell, or Hold?.

Posted: Fri, 08 Dec 2023 08:00:00 GMT [source]

CCL Stock Analysis - Frequently Asked Questions

New Customized Train Wrap Design, Special Limited Time Offer Herald New Partnership ORLANDO, Fla. , April 5, 2024 /PRNewswire/ -- Princess Cruises, the world's most iconic cruise brand, and Brightline... 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.

Carnival believes it offers great value

Insiders that own company stock include Arnold W Donald, David Bernstein and Randall J Weisenburger. 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.

SEABOURN UNVEILS 'THE COLLECTION': EXCLUSIVE CRUISES FEATURING UNIQUE SHORESIDE EXPERIENCES

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. 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carnival Co. & in the last year.

Financial Calendars

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... The cruise operator said it expects the disruption to hit annual adjusted earnings by as much as $10 million. 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, ...

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. Carnival has been benefiting from a resurgence in demand for cruises following the effective industry shutdown during the early days of the coronavirus pandemic. But that demand isn't just coming from existing cruisers -- there's a whole new contingent of people who are experiencing cruising for the very first time.

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Not only is its sitting at double-bottom support dating back to late November, it’s technically over-extended on RSI, MACD, and Williams’ %R. From its current price, I’d like to see Carnival initially retest resistance at around $17.68. Simply put, with the price of a trip to someplace like Walt Disney's hugely popular Disney World on the rise, choosing a cruise is an increasingly compelling option. To put a number on that, a one-day ticket to Disney World runs around $150 per person. So a family of four would cost $600 just to walk into the park. Carnival's tremendous share-price gain last year has made it more expensive, sending its price-to-sales (P/S) ratio from about 0.8 at the end of 2022 to over 1.

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. An April 2023 Bank of America report, based on its internal data, showed spending on cruises was 6.1% of travel expenses in the first quarter of 2023, up from 4.5% in 2022. Carnival Co. &'s stock is owned by a number of institutional and retail investors.

After all, it's difficult for people to go on a vacation if they have lost a job, or fear losing it. In the fiscal year ended on Nov. 30, 2019, revenue was $20.8 billion. It declined precipitously over the next two years to just $1.9 billion in fiscal 2021. During this span, Carnival swung from a $3 billion profit to a $9.5 billion loss. Shareholders of Carnival (CCL -0.42%) enjoyed a much better performance.

“Bookings have been significantly higher than during the same period last year, with the back half of the year up by more than the front half,” the company added. This is a very good story for Carnival, and for the cruise industry more broadly. And it is important to note that cruises are usually booked well in advance.

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. Plus, with growing demand, the company just ordered eight new ships, which is the biggest order in company history. “We expect these strategic investments will secure our growth trajectory, significantly boost our earnings profile, and enhance shareholder value well into the future,” added Chief Financial Officer Mark Kempa.

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. Carnival intends to fund the redemption using the net proceeds from the notes offering and cash on hand. After a recent pullback to $14.33, I’d use weakness as an opportunity with Carnival.

In other words, we are gaining momentum in our ability to close the unwarranted value gap to land-based alternatives. And to aid in that effort, we can further champion the fact that while many land-based alternatives have pulled back on service levels, we still deliver incredible service to our guests, thanks to our amazing crew. This pairs exceedingly well with the expansive amount of guest-pleasing amenities offered on board our newer fleet. 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. Carnival's stock might have gotten ahead of itself with last year's outsize gain.

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 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. For fiscal year 2023, the company posted a 32% jump in revenue, as compared to 2019. In addition, advance ticket sales at the close of 2023 were up 56% from 2019 to $3.2 billion. All of those numbers are only expected to increase from here, with much stronger demand. Royal Caribbean also just raised its annual adjusted earnings per share to a new range of $9.90 to $10.10 for a prior range of $9.50 to $9.70.

Its stock price gains dwarfed the overall market, rising by 130%. That does present a dilemma for current and prospective investors, however. 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.

Its fiscal 2023 revenue increased by 77.5% to $21.6 billion, an all-time high. 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. 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 ... In 2023, we captured over 3.5 million new-to-cruise guests and remain well-positioned to continue to take share from land-based alternatives.