Carnival Co & CCL Stock Price, News & Analysis

Table Of Content

• Analyst's Opinion
• Carnival Corporation Announces Significant Sustainability Achievements
• Carnival says Baltimore bridge collapse could bring up to $10M earnings impact in 2024

On average, they anticipate the company's share price to reach $21.47 in the next year. 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. All thanks to positive booking trends, and stronger consumer demand for cruises. JPMorgan also raised its price target to $23 with an overweight rating. Carnival Corporation & plc is a leisure travel company operating a fleet of cruise ships, hotels, and resorts with international destinations.

Analyst's Opinion

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. 20 analysts have issued 12 month price objectives for Carnival Co. &'s shares.

Carnival Corporation Announces Significant Sustainability Achievements

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.

Carnival says Baltimore bridge collapse could bring up to $10M earnings impact in 2024

Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999. While the stock is slightly overbought at an all-time high, it could push even higher with demand showing no signs of slowing. Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Walt Disney.

Explore the updated Options feature, providing in-depth data, and a 3D viewing option. 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... 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... Analyst initiates coverage of Royal Caribbean Cruises with Buy rating and price target of $164.

Is It Too Late to Buy Carnival Stock? - The Motley Fool

Is It Too Late to Buy Carnival Stock?.

Posted: Wed, 20 Mar 2024 07:00:00 GMT [source]

Royal Caribbean is similarly valued at 3 times next year's sales and 9 times its adjusted EBITDA. Booking volume in the fourth quarter was higher than the pre-pandemic 2019 level. At the end of December, it had two-thirds of its space filled at higher prices than last year. In Carnival's latest quarter, occupancy was more than 101%.

Financial Calendars

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.

Company Ownership

Carnival, for example, locked in a record $6.4 billion in customer deposits in the final quarter of 2023, up 31% since the fourth quarter of 2019. It is likely that many of the customers who have made deposits will be new-to-cruise customers. And while customers can cancel, most of the deposits the cruise line has collected will likely turn into full payment. 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.

You simply can't grow something at 50% a year for very long. Carnival also turned unprofitable in fiscal 2020 with a net loss of $2.2 billion, which widened to $9.5 billion in fiscal 2021. But as its business recovered, it narrowed its net loss to $6.1 billion in fiscal 2022 and just $26 million in the first nine months of fiscal 2023.

To be fair, Disney offers discounts for buying multi-day passes, but with rates like that, you can see why consumers are increasingly looking to cruises. An entire cruise could cost $600 (or less) per person, and includes the cruise, food, and a room. Cruise ships are also including more and more amenities, like amusement-style rides, water parks, and sports facilities, to better compete for traveler's dollars. That has helped the company increase occupancy levels, ending 2023 at 98% of the pre-COVID average. At the same time, Carnival has been adjusting its business to push customers toward more on-board spending. According to the company, 2023 unit-adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) exceeded 2019 levels.

Carnival Co. &'s stock was trading at $18.54 at the beginning of the year. Since then, CCL stock has decreased by 23.8% and is now trading at $14.12. Gain deeper insights into company revenues with a detailed analysis of revenue sources.

Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Lawrence Rothman, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bank of America. Carnival offers cruises ranging from shorter voyages and more-casual experiences to a longer, luxury atmosphere, but it will undoubtedly see its results affected should the economy falter.

What Are The Newest Carnival Ships? In Order

Table Of Content

• Who sails Carnival Cruise Line
• Carnival Vista – 2016
• Unique Theme Nights You Shouldn’t Miss When on a Cruise Ship
• NEXT-LEVEL FUN IS MAKING BIG HEADLINES
• Guy's Burger Joint
• How does the smallest Carnival cruise ship compare to other ships in the fleet?

Now, Carnival is switching gears — no doubt because the giant ships unveiled by some other lines have been enormously popular with cruisers. After you do your research on the Carnival ships and destinations, work with a travel agent to book the cruise. Carnival Cruises is one of eight diverse cruise lines owned by the parent company, Carnival Corporation. The other cruise lines in the corporation include Aida Cruises (German), Costa Cruises, Cunard Line, Holland America Line, P&O Cruises, Princess Cruises, and Seabourn Cruises. The company's one ship, the Adonia, was transferred back to P&O Cruises where it had been previously.

Who sails Carnival Cruise Line

This is, after all, the brand that for many years held a Hairy Chest Contest around the pool deck on every voyage, to a standing-room-only, hooting and hollering crowd. The self-described "fun ship" line is the king of short, affordable, fun-focused cruises from U.S. ports to the Caribbean, Bahamas, Mexico and other nearby destinations. No matter where you live in the U.S., you're probably within a few hours of a Carnival ship. Combine that with short, affordable voyages from Miami, and you can sail to the Bahamas or Caribbean for four or five nights from as little as $104 per night if you're solo.

Carnival Vista – 2016

However, it's not as difficult as it might at first seem to hit the more rewarding higher-level tiers in just a few years if you're cruising a lot. Carnival has a point-based frequent cruiser program, the VIFP Club, that has five tiers, ranging from Blue (requiring no points) to Diamond (200 points). Note that three of the line's newest ships — Mardi Gras, Carnival Celebration and Carnival Venezia — do not have launderettes. Carnival fans are quite peeved about this, and you should be, too. Note that you'll be charged a $15 corkage fee if you want to bring the wine or Champagne to an onboard restaurant or bar to drink. Drinks brought on board must be carried in your carry-on luggage.

Unique Theme Nights You Shouldn’t Miss When on a Cruise Ship

The vessel has a guest capacity of 2,124 at double occupancy, along with 930 international crew members. The Carnival cruise ship underwent a huge $200 million transformation and is now part of the Sunshine-class, which also includes Carnival Radiance and Carnival Sunshine. The vessel was previously known as Carnival Triumph, which originally entered service in 1999. Carnival Celebration is the second Excel-class vessel and sister ship to Mardi Gras.

The original Mardi Gras, a converted ocean liner, sailed from Port Miami. She left for her first Caribbean cruise on March 11, 1972, with 530 passengers and 200 crew members on board. Unfortunately, the loaded ship ran around while exiting Port Miami’s shipping channel. This caused competitors to call the vessel “Mardi Gras On The Rocks”. However, Founder Ted Arison and the Carnival Cruise Line brand he created has had the last laugh.

He has years of experience pleasing palates of vacationers… and this guy loves serving up a smile as much as Carnival does! But he’s serious about seafood, and an evening at Rudi’s proves it through the courses. Enjoy selections like seafood bisque and crab-stuffed lobster tail imperial — all served with an elegant flair that pays proper tribute to the beauty of the ocean from which so much fun, and flavor, arises. At Cucina del Capitano® on Carnival Jubilee™, who you’ve got gathered around the table is truly as important as what’s being served there. At our table you’ll enjoy delicious Italian favorites — we serve them family-style because we know that sharing large plates and sharing tales of your day’s adventures goes hand-in-hand.

I tried the newest ships from Carnival, Royal Caribbean, Celebrity, and Norwegian. Here's how they compare - Cruise Blog

I tried the newest ships from Carnival, Royal Caribbean, Celebrity, and Norwegian. Here's how they compare.

Posted: Wed, 17 Apr 2024 12:57:15 GMT [source]

Carnival Freedom is ideal for first-time cruisers because of the lower guest capacity and the smaller ship size. But don’t let the numbers fool you; this ship is packed with high-energy activities for all ages; from the kid's clubs to the casino, there’s no lack of fun to be had. Carnival Splendor sails the Southern Hemisphere around Asia, Australia, New Zealand, and the South Pacific on cruises that range from two to 10 days. The ship has Carnival’s only quick-service Indian restaurant and boasts a pool with a retractable roof, so you can swim without worrying about the weather.

Carnival Cruise Line warns of up to $10 million profit hit from Baltimore bridge collapse - New York Post

Carnival Cruise Line warns of up to $10 million profit hit from Baltimore bridge collapse.

Posted: Wed, 27 Mar 2024 07:00:00 GMT [source]

How does the smallest Carnival cruise ship compare to other ships in the fleet?

Created in partnership with Food Network's Guy Fieri, Guy's Burger Joint offers burgers that beat anything you'll find around the pool on other mass-market ships and even most luxury vessels. Note that Carnival's two oldest ships — those that are part of the 1990s-built Fantasy Class — have relatively few balcony cabins by today's standards. (After retrofitting, several have around 150 balcony cabins, out of a total of more than 1,000 cabins in all.) In part because of this, Carnival has been phasing these ships out of its fleet in recent years.

Mira Sorvino, Oscar-Winning Italian-American Actress is the godmother to Carnival Liberty. Carnival Breeze is 130,000 gross tons, which is just slightly smaller than the newer Vista-class vessels. The ship also has a guest capacity of 3,690 at double occupancy, along with 1,386 crew members. The vessel is 133,500 gross tons and has a passenger capacity of 3,960 at double occupancy, slightly less than sister ship Carnival Panorama. Carnival Sunrise is a completely new cruise ship and departed on her inaugural voyage in April 2019.

Its new Excel-class vessels — which first debuted in 2021 with the arrival of Mardi Gras — are far bigger than its earlier ships. These ships also have a lot of new features and amenities (including the first-ever roller coaster on a cruise ship — and, no, we're not making that up). The Carnival Paradise became just one of the two last Fantasy-class ships after Carnival Ecstasy left the fleet in the fall of 2022. Carnival Paradise will keep offering fun-filled cruise vacations at 71,925 gross tons and a guest capacity of 2,124.

As noted above, the line has ordered a third Excel-class ship (Carnival Jubilee) that will be ready to sail in December 2023. Instead, Carnival usually takes an incremental approach to design changes for its new classes of ships. You'll find a lot in common between the Vista class and Dream class, for instance.

And if we catch you feasting your eyes on our Beach Buns™, c’mon, who can blame you? It’s a fabulous way to enjoy delicious sandwiches made how you like, or even a just-got-grilled hot dog. Meyer Werft announced that it reached an agreement with Carnival to build a fourth Excel Class ship, which will be a sister to the Carnival Jubilee. Carnival Jubilee, the third Excel Class ship, debuted in December 2023. She was originally scheduled to set sail in October 2023; however, Carnival pushed back the inaugural voyages due to supply chain logistics. While she is technically a Vista Class ship, she is different from the others, as she is part of Carnival and Costa's "Costa by Carnival" initiative and will have an Italian flair.

Carnival Liberty is 110,000 GRTs and carries 2,980 passengers (based on two per cabin). She is the fourth ship to be built in the popular Conquest Class and sister to Carnival Conquest, Carnival Valor, Carnival Freedom, and Carnival Glory. Carnival Jubilee is the third ship in the Excel Class and sister to Carnival Celebration and Mardi Gras. She is 182,800 GRTs and carries 5,282 passengers (based on two per cabin).