NYSE:CCL

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

$12.19

+0.34 (+2.87%)

(As of 06/2/2023 ET)

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Today's Range: $11.90
▼
$12.28
50-Day Range: $8.76
▼
$12.19
52-Week Range: $6.11
▼
$13.89

Volume: 36.28 million shs
Average Volume: 37.44 million shs
Market Capitalization: $13.60 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $11.58

Carnival Co. & MarketRank™ Forecast

Analyst Rating: Hold
2.38 Rating Score
Upside/Downside: 5.0% Downside
$11.58 Price Target
Short Interest: Healthy
11.55% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -4.16
Upright™ Environmental Score
News Sentiment: 0.94
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.31) to $0.75 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.99 out of 5 stars

Consumer Discretionary Sector

190th out of 273 stocks

Water Transportation Industry

12th out of 17 stocks

2.2

Analyst's Opinion

Consensus Rating
Carnival Co. & has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 9 buy ratings, 4 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $11.58, Carnival Co. & has a forecasted downside of 5.0% from its current price of $12.19.
Amount of Analyst Coverage
Carnival Co. & has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
11.55% 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 3.6, 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 5.58%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Carnival Co. & does not currently pay a dividend.
Dividend Growth
Carnival Co. & does not have a long track record of dividend growth.

3.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Carnival Co. & has received a 31.01% net impact score from Upright. Carnival seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is driven by its "Cruises" product. See details.
Environmental Sustainability
The Environmental Impact score for Carnival Co. & is -4.16.

3.3

News and Social Media Coverage

News Sentiment
Carnival Co. & has a news sentiment score of 0.94. 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 0.58 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Carnival Co. & this week, compared to 9 articles on an average week.
Search Interest
140 people have searched for CCL on MarketBeat in the last 30 days. This is an increase of 26% compared to the previous 30 days.
MarketBeat Follows
29 people have added Carnival Co. & to their MarketBeat watchlist in the last 30 days. This is an increase of 38% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Carnival Co. & insiders have not sold or bought any company stock.
Percentage Held by Insiders
11.10% 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
49.87% of the stock of Carnival Co. & is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Carnival Co. & are expected to grow in the coming year, from ($0.31) to $0.75 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Carnival Co. & is -2.99, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Carnival Co. & is -2.99, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Carnival Co. & has a P/B Ratio of 1.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Carnival Co. & (NYSE:CCL) Stock

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.

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CCL Stock News Headlines

May 23, 2023 | marketbeat.com

3 Reasons Royal Caribbean Stock Can Keep Floating Higher (CCL)

Along with management’s expectations for smoother sailing ahead, Royal Caribbean's first quarter report offered clues that the stock may finally reach $100.

May 11, 2023 | marketbeat.com

Cruise Lines See Smoother Seas On Horizon As Profitablity Returns (CCL)

Cruise-line stocks Carnival, Royal Caribbean and Norwegian Cruise Holdings are showing better price action as .profitability as back on deck.

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June 1, 2023 | americanbankingnews.com

Carnival Co. & plc (NYSE:CCL) Short Interest Down 5.6% in May

May 30, 2023 | americanbankingnews.com

Truist Financial Increases Carnival Co. & (NYSE:CCL) Price Target to $11.00

May 26, 2023 | americanbankingnews.com

Carnival Co. & (NYSE:CCL) Upgraded to Buy by Citigroup

May 25, 2023 | msn.com

Citi analysts raise Carnival to Buy rating

May 25, 2023 | msn.com

Carnival raised to Buy as Citi eyes continued post-pandemic turnaround

June 2, 2023 | Behind the Markets (Ad)

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May 24, 2023 | morningstar.com

Carnival PLC CCL Stock Quote

May 24, 2023 | finance.yahoo.com

After Successful Pre-Sale Period, Holland America Line Opens Bookings to the Public for 2025 Grand World Voyage and First-Ever Grand Voyage: Pole to Pole

May 24, 2023 | americanbankingnews.com

Carnival Co. & plc (NYSE:CCL) Given Average Recommendation of "Hold" by Analysts

May 21, 2023 | finance.yahoo.com

Princess Cruises Salutes Tuskegee Airman with Special 100th Birthday Celebration

May 20, 2023 | finance.yahoo.com

Carnival: Buy, Sell, or Hold?

May 20, 2023 | americanbankingnews.com

Carnival Co. & (NYSE:CCL) Now Covered by StockNews.com

May 16, 2023 | msn.com

Ominous Death Cross Forms On Carnival's Chart

May 16, 2023 | finance.yahoo.com

Early Feedback is Positive as Holland America Line Installs SpaceX's Starlink on First Ship in Alaska

May 15, 2023 | seekingalpha.com

Carnival Stock: Why 2023 Could Be Another Disappointing Year

May 15, 2023 | finance.yahoo.com

New Star Princess and Sun Princess Headline 2025 Europe Cruises & Cruisetours Season as Princess Cruises Celebrates 40th Anniversary Sailing in the Mediterranean

May 12, 2023 | finance.yahoo.com

SEABOURN VENTURE BEGINS SECOND EXPEDITION SEASON IN THE ARCTIC

May 12, 2023 | finance.yahoo.com

A Star is Born - Princess Cruises Names Second Sphere Class Ship STAR PRINCESS

May 9, 2023 | finance.yahoo.com

Princess Cruises to Homeport Caribbean Princess in Port Canaveral Starting Late November 2024

May 7, 2023 | finance.yahoo.com

Carnival Cruise Line's Most Recent Announcement May Surprise Some Investors

May 6, 2023 | seekingalpha.com

Carnival Corporation: Upgrading To A Buy

May 4, 2023 | msn.com

Royal Caribbean And Carnival Shares Are Rising Thursday: What's Going On?

May 4, 2023 | finance.yahoo.com

2 Stocks Under $10 to Buy in May

May 4, 2023 | finance.yahoo.com

Princess Cruises makes a strong comeback with Diamond Princess to Take Guests to Explore Japan!

See More Headlines

CCL Price History

30 days | 90 days | 365 days | Advanced Chart

CCL Company Calendar

Last Earnings: 3/27/2023
Today: 6/02/2023
Next Earnings (Estimated): 6/23/2023
Fiscal Year End: 11/30/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Water transportation
Sub-Industry: Hotels Resorts & Cruise Lines
Sector: Consumer Discretionary
Current Symbol: NYSE:CCL
CUSIP: 14365830
CIK: 815097
Web: www.carnival.com
Phone: (305) 599-2600
Fax: 305-399-4696
Employees: 75,000
Year Founded: 1972

Price Target and Rating

Average Stock Price Forecast: $11.58
High Stock Price Forecast: $18.00
Low Stock Price Forecast: $7.00
Forecasted Upside/Downside: -5.0%
Consensus Rating: Hold
Rating Score (0-4): 2.38
Research Coverage: 16 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($4.08)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-6,094,000,000.00
Net Margins: -32.68%
Pretax Margin: -32.57%
Return on Equity: -57.75%
Return on Assets: -8.27%

Debt

Debt-to-Equity Ratio: 5.30
Current Ratio: 0.64
Quick Ratio: 0.60

Sales & Book Value

Annual Sales: $12.17 billion
Price / Sales: 1.12
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $6.35 per share
Price / Book: 1.92

Miscellaneous

Outstanding Shares: 1,116,010,000
Free Float: 992,136,000
Market Cap: $13.60 billion
Optionable: Optionable
Beta: 2.21

Social Links

Key Executives

Josh Weinstein
President, CEO, Director & Chief Climate Officer

David Bernstein
Chief Financial & Accounting Officer

Richard Brilliant
Chief Risk & Compliance Officer

Arnaldo Perez
Secretary & Senior Vice President

Jan G. Swartz
Group President-Holland America Group

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CCL Stock - Frequently Asked Questions

Should I buy or sell Carnival Co. & stock right now?: 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carnival Co. & in the last year. There are currently 3 sell ratings, 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CCL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CCL, but not buy additional shares or sell existing shares.
View CCL analyst ratings or view top-rated stocks.
What is Carnival Co. &'s stock price forecast for 2023?: 16 Wall Street analysts have issued 12 month price targets for Carnival Co. &'s stock. Their CCL share price forecasts range from $7.00 to $18.00. On average, they predict the company's share price to reach $11.58 in the next year. This suggests that the stock has a possible downside of 5.0%.
View analysts price targets for CCL or view top-rated stocks among Wall Street analysts.
How have CCL shares performed in 2023?: Carnival Co. &'s stock was trading at $8.06 at the beginning of the year. Since then, CCL stock has increased by 51.2% and is now trading at $12.19.
View the best growth stocks for 2023 here.
Are investors shorting Carnival Co. &?: Carnival Co. & saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 128,940,000 shares, a decline of 5.6% from the April 30th total of 136,560,000 shares. Based on an average trading volume of 36,310,000 shares, the days-to-cover ratio is currently 3.6 days.
View Carnival Co. &'s Short Interest.
When is Carnival Co. &'s next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, June 23rd 2023.
View our CCL earnings forecast.
How were Carnival Co. &'s earnings last quarter?: Carnival Co. & plc (NYSE:CCL) released its quarterly earnings results on Monday, March, 27th. The company reported ($0.55) EPS for the quarter, topping the consensus estimate of ($0.60) by $0.05. The firm had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $4.30 billion. Carnival Co. & had a negative trailing twelve-month return on equity of 57.75% and a negative net margin of 32.68%. The business's revenue was up 173.1% compared to the same quarter last year. During the same period last year, the firm posted ($1.65) earnings per share.
Read the conference call transcript.
What ETFs hold Carnival Co. &'s stock?: ETFs with the largest weight of Carnival Co. & (NYSE:CCL) stock in their portfolio include Defiance Hotel, Airline, and Cruise ETF (CRUZ), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), VanEck Social Sentiment ETF (BUZZ), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO), Innovator Gradient Tactical Rotation Strategy ETF (IGTR), Pacer Lunt Large Cap Alternator ETF (ALTL), Invesco S&P 500 High Beta ETF (SPHB) and SoFi Social 50 ETF (SFYF).
What guidance has Carnival Co. & issued on next quarter's earnings?: Carnival Co. & updated its FY 2023 earnings guidance on Monday, March, 27th. The company provided EPS guidance of -$0.44--$0.28 for the period, compared to the consensus estimate of -$0.08. The company issued revenue guidance of -.

What is Arnold W. Donald's approval rating as Carnival Co. &'s CEO?: 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.
What other stocks do shareholders of Carnival Co. & own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Carnival Co. & investors own include Delta Air Lines (DAL), Royal Caribbean Cruises (RCL), Walt Disney (DIS), AT&T (T), Tesla (TSLA), NVIDIA (NVDA), Boeing (BA), Bank of America (BAC) and American Airlines Group (AAL).
What is Carnival Co. &'s stock symbol?: Carnival Co. & trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCL."
Who are Carnival Co. &'s major shareholders?: Carnival Co. &'s stock is owned by many different institutional and retail investors. Top institutional investors include Geode Capital Management LLC (1.84%), Susquehanna International Group LLP (0.00%), Two Sigma Advisers LP (1.00%), Charles Schwab Investment Management Inc. (0.84%), Barclays PLC (0.00%) and Dimensional Fund Advisors LP (0.38%). Insiders that own company stock include 1994 B Shares Lp Ma, Arnold W Donald, David Bernstein, Peter C Anderson, Randall J Weisenburger and Richard Glasier.
View institutional ownership trends.
How do I buy shares of Carnival Co. &?: Shares of CCL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Carnival Co. &'s stock price today?: One share of CCL stock can currently be purchased for approximately $12.19.
How much money does Carnival Co. & make?: Carnival Co. & (NYSE:CCL) has a market capitalization of $13.60 billion and generates $12.17 billion in revenue each year. The company earns $-6,094,000,000.00 in net income (profit) each year or ($4.08) on an earnings per share basis.
How many employees does Carnival Co. & have?: The company employs 75,000 workers across the globe.
Does Carnival Co. & have any subsidiaries?: The following companies are subsidiares of Carnival Co. &: 1972 Productions Inc., 6348 Equipment LLC, A.C.N. 098 290 834 Pty. Ltd., A.J. Juneau Dock LLC, AIDA Kundencenter GmbH, AIDAradio GmbH, Adventure Island Ltd., Air-Sea Holiday GmbH, Alaska Hotel Properties LLC, Barcelona Cruise Terminal SLU, Bay Island Cruise Port S.A., Belize Cruise Terminal Limited, CC U.S. Ventures Inc., CCL Gifts LLC, CSMART Real Estate B.V., CSMART Real Estate C.V., CSSC Carnival (Shanghai) Cruise Shipping Limited, CSSC Carnival Italy Cruise Investment S.r.L, Carnival (UK) Limited, Carnival Bahamas FC Limited, Carnival Bahamas Holdings Limited, Carnival Corporation & plc Asia Pte. Ltd., Carnival Corporation Hong Kong Limited, Carnival Corporation Korea Ltd., Carnival Corporation Ports Group Japan KK, Carnival Finance LLC, Carnival Grand Bahama Investment Limited, Carnival Investments Limited, Carnival Japan Inc., Carnival License Holdings Limited, Carnival Maritime GmbH, Carnival North America LLC, Carnival Port Holdings Limited, Carnival Ports Inc., Carnival Support Services India Private Limited, Carnival Technical Services (UK) Limited, Carnival Technical Services Finland Limited, Carnival Technical Services GmbH, Carnival Vanuatu Limited, Costa Crociere PTE Ltd., Costa Crociere S.p.A., Costa Cruceros S.A., Costa Cruise Lines Inc., Costa Cruise Lines UK Limited, Costa Cruises Customer Center S.L.U., Costa Cruises Shipping Services (Shanghai) Company Limited, Costa Cruises Travel Agency (Shanghai) Co. Ltd., Costa Cruises Turkey Turizm Gelisim A.S., Costa Cruzeiros Agencia Maritima e Turismo Ltda., Costa International B.V., Costa Kreuzfahrten GmbH, Cozumel Cruise Terminal S.A. de C.V., Cruise Ships Catering & Services International N.V., Cruise Terminal Services S.A. de C.V., Cruiseport Curacao C.V., D.R. Cruise Port Ltd., F.P.M. SAS, F.P.P. SAS, Fleet Maritime Services (Bermuda) Limited, Fleet Maritime Services Holdings (Bermuda) Limited, Fleet Maritime Services International Limited, GXI LLC, Gibs Inc., Global Experience Innovators Inc., Global Fine Arts Inc., Global Shipping Service (Shanghai) Co. Ltd., Grand Cruise Shipping Unipessoal LdA, Grand Turk Cruise Center Ltd., HAL Antillen N.V., HAL Beheer B.V., HAL Maritime Ltd., HAL Nederland N.V., HAL Properties Limited, HAL Services B.V., HSE Hamburg School of Entertainment GmbH, Holding Division Iberocruceros SLU, Holland America Line Inc., Holland America Line N.V., Holland America Line Paymaster of Washington LLC, Holland America Line U.S.A. Inc., Ibero Cruzeiros Ltda., Iberocruceros SLU, Information Assistance Corporation, International Cruise Services S.A. de C.V., International Leisure Travel Inc., International Maritime Recruitment Agency S.A. de C.V., Milestone N.V., Navitrans S.R.L., Ocean Bahamas Innovation Ltd., Ocean Medallion Fulfillment Ltd., Odds On Gaming Corporation, Operadora Catalina S.r.L., P&O Princess American Holdings, P&O Princess Cruises International Limited, P&O Princess Cruises Pension Trustee Limited, P&O Properties (California) Inc., P&O Travel Limited, Piccapietra Finance S.r.l., Prestige Cruises Management S.A.M., Prestige Cruises N.V., Princess Bermuda Holdings Ltd., Princess Cays Ltd., Princess Cruise Corporation Inc., Princess Cruise Lines Ltd., Princess Cruises and Tours Inc., Princess U.S. Holdings Inc., RCT Maintenance & Related Services S.A., RCT Pilots & Related Services S.A., RCT Security & Related Services S.A., Roatan Cruise Terminal S.A. de C.V., Royal Hyway Tours Inc., Santa Cruz Terminal S.L., SeaVacations Limited, SeaVacations UK Limited, Seabourn Cruise Line Limited, Shanghai Coast Cruise Consulting Co. Lda, Ship Care (Bahamas) Limited, Sitmar Cruises Inc., Spanish Cruise Services N.V., Sunshine Shipping Corporation Ltd., T&T International Inc., Tour Alaska LLC, Transnational Services Corporation, Trident Insurance Company Ltd., Welcome Travel Group S.p.A., West Sicily Gate S.r.L., Westmark Hotels Inc., Westmark Hotels of Canada Ltd., Westours Motor Coaches LLC, and World Leading Cruise Management (Shanghai) Co. Ltd..
Read More
How can I contact Carnival Co. &?: Carnival Co. &'s mailing address is 3655 N W 87TH AVE PO BOX 1347, MIAMI FL, 33178. The official website for the company is www.carnival.com. The company can be reached via phone at (305) 599-2600 or via fax at 305-399-4696.

This page (NYSE:CCL) was last updated on 6/2/2023 by MarketBeat.com Staff

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