BUY
Carnival Corp.
They report Wednesday. Plenty of people haven't travelled in years and are desperate to. Cruising is a bargain and will be one of the last businesses to slow down as the economy slows down.
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DON'T BUY
Carnival Corp.
World's largest cruise line. In 2023, should return to 2019 levels of revenue. Biggest difference from then is their capital structure, with a staggering 31B in debt up from 9B. Had to raise equity. Earnings power greatly diminished. Be very cautious.
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DON'T BUY
Carnival Corp.
CCL vs. RCL Before Covid, cruise business was great, a cosy oligopoly. Barriers to entry are high. RCL is best in class for management, brand, ships, and customer mix. At some point everyone has to get on a plane, but not everyone needs to go on a cruise. It's a completely discretionary item. He's sticking with airlines. With these tough times and a recession, stick with companies that have pricing power.
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DON'T BUY
Carnival Corp.
Be very careful. Decimated during pandemic, took on lots of debt, interest coverage about 10% of revenues, extremely stressed. Filling ships, but tickets are discounted. Costs exploding, margins under pressure.
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DON'T BUY
Carnival Corp.
Cruise industry has been hit hard with Covid-19 pandemic. Share prices have been weak during pandemic. Depreciation on ships in the water a problem with salt water. Stronger travel market will help share price, but is concerned with large debt loads. Inflation and rising costs will negatively impact business.
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DON'T BUY
Carnival Corp.
Norwegian is best of breed, including its CEO, not Carnival. Carnival is in a precarious spot.
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DON'T BUY
Carnival Corp.
A trade at best, and that's not what he does or recommends. Lots of worries. Is this industry really as healthy as it was in 2019, and the answer is definitively no. The whole industry issued a lot of stock and borrowed high-priced money. Not in good financial shape. The healthcare side is an overhang, and any hint that we're having Covid 2.0 will be devastating.
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DON'T BUY
Carnival Corp.
It can stave off bankruptcy, but that alone doesn't make it a good stock.
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BUY on WEAKNESS
Carnival Corp.
Very good time to buy shares in the company (recovering travel industry). Balance sheet still needs improvement(reduce debt). Believes Disney is better opportunity within travel sector.
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DON'T BUY
Carnival Corp.
They should have done the secondary offering (which they did last week) when shares were higher.
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BUY
Carnival Corp.
Play consumer discretionary through travel? He owns little travel, but there is a lot of pent-up demand. Lots of runway. He owns Marriott, but Carnival is an opportunity.
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DON'T BUY
Carnival Corp.
Not interested. Raised share count, as they had to raise equity. Debt went from 10B to 25B. Not the stock of 5 years ago. Profitable during recessions. Not cheap. Better companies that are less cyclical to step into.
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DON'T BUY
Carnival Corp.
It's partially a reopening play. They issued a lot of debt and shares to endure Covid. The cruise business is slow to recover, too. Not interested in CCL, because they doubled their debt and outstanding shares.
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DON'T BUY
Carnival Corp.
Too early to bail on this. Norwegian has the best balance sheet.
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HOLD
Carnival Corp.

Hold. He prefers Norwegian due to a better balance sheet, raising cash and a good CEO.

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Carnival Corp.(CCL-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 9

Total Signals / Votes : 12

Stockchase rating for Carnival Corp. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Carnival Corp.(CCL-N) Frequently Asked Questions

What is Carnival Corp. stock symbol?

Carnival Corp. is a American stock, trading under the symbol CCL-N on the New York Stock Exchange (CCL). It is usually referred to as NYSE:CCL or CCL-N

Is Carnival Corp. a buy or a sell?

In the last year, 12 stock analysts published opinions about CCL-N. 3 analysts recommended to BUY the stock. 9 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Carnival Corp..

Is Carnival Corp. a good investment or a top pick?

Carnival Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for Carnival Corp..

Why is Carnival Corp. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Carnival Corp. worth watching?

12 stock analysts on Stockchase covered Carnival Corp. In the last year. It is a trending stock that is worth watching.

What is Carnival Corp. stock price?

On 2023-01-30, Carnival Corp. (CCL-N) stock closed at a price of $10.64.