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Investor Insights

This summary was created by AI, based on 12 opinions in the last 12 months.

Carnival Corporation & plc, with a combined fleet of over 100 vessels across 10 cruise line brands, has experienced a bounce back in business this year after the impact of Covid-19. While there is concern about debt and the cyclical nature of the business, there is also tremendous demand for cruises, and the trend towards travel is expected to continue. The stock has shown a downtrend, consolidation, and breakout, offering potential upside after a possible pullback to around $10.

Consensus
Cautious
Valuation
Fair Value
PAST TOP PICK
Carnival Corp.
(A Top Pick Aug 24/23, Up 2%)

Disclosure: He did go on a cruise and collected a $100 credit as a shareholder. Turnaround situation. Volatile. Building new boats and filling them up. 

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BUY
Carnival Corp.

They report Thursday. CCL tends to report weaker cruise numbers than its peers. He expects analyst upgrades no matter what.

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PAST TOP PICK
Carnival Corp.
(A Top Pick Aug 24/23, Down 6%)

This is one to own with a short time frame in mind. There is some concern with debt but it is being dealt with. If you own 100 shares of the company you can get a discount on cruises.

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COMMENT
Carnival Corp.

The cruise line business bounced back well this year after Covid. It may not be able to increase its pricing this year. The next quarter may be slower but the next year overall should be decent.

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BUY
Carnival Corp.

A month ago reported strong top and line beats based on strong bookings, but shares fell 5%, probably because management cut EBTIDA full-year cost due to higher fuel costs. Didn't the market know that? People love to cruise, so there is tremendous demand.

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DON'T BUY
Carnival Corp.

Cruise line sector suffered during Covid-19 which increased debt & equity.
Vert diluted share base.
Interest rates hard on debt levels.
Hard to earn profits with cyclical nature of business.
Does not invest in sector.
If economy enters recession, will impact profits.


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TOP PICK
Carnival Corp.

Pullback is an opportunity. Will probably hang around $15 level for a while. Lots of people are going back into the swing of vacations, and he thinks it will continue. No dividend.

(Analysts’ price target is $18.03)
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WEAK BUY
Carnival Corp.

Cruise lines have all done well because travel is booming. He'd pick RCL, but thinks they'll all do well. Q3 is generally the industry's best quarter. Run up a lot already, so may see a pullback after Q3. Pent-up demand might even last into 2024.

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DON'T BUY
Carnival Corp.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

From a momentum standpoint the stock looks good, more than doubling this year and with a big jump in earnings expected in 2024. However, debt, at 31X cash flow, still makes us wary overall. To survive covid the sharecount nearly doubled since 2019 as it issued shares for capital. Going into a possible recession, we would still be cautious here overall. The easy money on the recovery has probably been made now, and it may be more challenging going forward. 
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Unspecified
Carnival Corp.

It has had a downtrend, consolidation and breakout. There is lots of upside after a pull back to around $10.

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BUY
Carnival Corp.

You could buy it. Cruises are overbooking. Trend towards travel will continue, it won't be one summer and finished. Cruise companies should benefit. There's lots of disposable money out there. Be careful of a recession, as this falls into discretionary income and would be one of the first things to go.

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DON'T BUY
Carnival Corp.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

We would consider CCL a very high risk stock. Just as it is recovering from Covid, a recession is now a possibility. Cash flow has been negative for three years, and high yield debt was issued for the company to survive the pandemic. Debt is now $31B (net). Even in a 'good' year cash flow was only $5.5B. It is expected to make money next year but we do not see it as a stock to enter into at this time. 
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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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Carnival Corp.(CCL-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 6

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 9

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, 9 stock analysts published opinions about CCL-N. 6 analysts recommended to BUY the stock. 3 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?

9 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 2024-02-29, Carnival Corp. (CCL-N) stock closed at a price of $15.86.