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
- Choose a platform. If you're a beginner, our stock trading platform picks below can help you choose.
- Open your account. Provide your personal information and sign up.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: CCL in this case.
- Research stocks. The platform should provide the latest information available.
- Buy your stocks. Place a market order or limit order with your preferred number of shares. It's that simple.
The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving license and a means of payment.
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Latest updates for Carnival Corporation
January 5, 2024: Analyst Daniel Politzer from Wells Fargo upgraded their rating on Carnival to Buy, with a $22 price target.
December 29, 2023: Macquarie analyst Paul Golding maintained an Outperform rating on Carnival and set a target price of $22 (from $16).
December 26, 2023: Morgan Stanley analyst Jamie Rollo maintained a Sell rating on Carnival and set a target price of $13.50.
December 22, 2023: With Carnival's earnings report released yesterday, several analysts updated their outlook on the stock. Barclays analyst Brandt Montour maintained an Overweight rating and changed the target price from $22 to $24. Wells Fargo analyst Daniel Politzer maintained an Equal-weight rating and changed the target price from $16 to $22. Stifel analyst Steven Wieczynski maintained a Buy rating and changed the target price from $22 to $25, according to Benzinga.
December 21, 2023: Susquehanna analyst Christopher Stathoulopoulos maintained a Buy rating on Carnival and raised the price to $22 (from $16), and Deutsche Bank analyst Chris Woronka maintained a Hold rating but raised the target price to $18 (from $14).
December 21, 2023: In Carnival's earnings report, it posted a narrower-than-expected quarterly loss while beating estimates for revenue, as demand remained steady, according to Reuters.
Looking ahead - Carnival stock Q4 2023
Carnival expects fourth-quarter adjusted EBITDA of $800 million to $900 million and full-year 2023 adjusted EBITDA in the area of $4.1 billion to $4.2 billion.
Wall Street expects Carnival to post a per-share loss of 14 cents in the current quarter, with revenues of $5.3 billion.
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.
- Price graph
- Historical data
- Technical analysis
Use our graph to track the performance of CCL stocks over time.
Share price volatility
Over the last 12 months, Carnival Corporation's shares have ranged in value from as little as $8.37 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 2.58. 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 $17.33
| 1 week (2023-12-31) | -6.53% |
|---|---|
| 1 month (2023-12-07) | -4.31% |
| 3 months (2023-10-07) | 36.56% |
| 6 months (2023-07-07) | -8.31% |
| 1 year (2023-01-07) | 88.37% |
| 2 years (2022-01-07) | -20.87% |
| 3 years (2021-01-07) | -16.44% |
| 5 years (2019-01-07) | -64.82% |
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 PEG ratio
- Carnival Corporation 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.
Frequently asked questions
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Of the 25 analysts covering the stock, 15 rate it either a Strong Buy or Buy, compared to nine Holds and one Underperform, according to Yahoo Finance. This gives the stock an overall Buy rating.
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No, you need a brokerage account to buy shares of Carnival.
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As of market close on October 18, 2023, one share of Carnival stock cost $11.69. One hundred shares, then, would cost around $1,169.
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As of October 19, 2023, Carnival has a Buy rating, according to Yahoo Finance.
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It's as easy to sell Carnival Corporation as it is to buy! Here's how to sell Carnival Corporation stocks that you already own.
- Open your investment app. If you've got one with desktop access, you can log in online
- Go to your portfolio. This should be in the main menu
- Find your shares. You may be able to search your portfolio
- Choose how many you'd like to sell. You'll be able to review the price and see how much you'll receive
- Sell your Carnival Corporation shares. Your investment platform will let you know when your shares are sold
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Most dealing providers will let you use your debit card to top up your account and buy shares. The main ways are with a debit card, bank transfer or with Apple/Google Pay.
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The easiest way to get hold of some Carnival Corporation shares is to sign up for a stock trading app and place a market order or basic order. This type of order tells the platform that you're interested, so it'll try to execute it as quickly as it can. It could take some time for the order to go through, especially if there's a lot of volatility in Carnival Corporation shares.
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Carnival Corporation financials
Revenue TTM $21.6 billion Operating margin TTM 7.12% Gross profit TTM $3.8 billion Return on assets TTM 2.42% Return on equity TTM -1.06% Profit margin -0.34% Book value $5.45 Market capitalisation $24.2 billion TTM: trailing 12 months
