Carnival (CCL) concluded the recent trading session at $27.09, signifying a +0.15% move from its prior day's close.
Carnival (CCL -2.88%) (CUK -2.97%) finished 2024 in a solid financial position. It reported record revenue and returned to profitability, and the stock responded by climbing 75% over the last 12 months.
Investors looking for stocks in the Leisure and Recreation Services sector might want to consider either Carnival (CCL) or Royal Caribbean (RCL). But which of these two stocks is more attractive to value investors?
The pandemic devasted Carnival Cruise Lines (CCL 2.08%), which nearly shut down its business completely.
Carnival (CCL) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Carnival stock price went vertical this week, reaching its highest level since June 2021, as signs showed that the cruise industry was still thriving. It jumped to $27.86 on Tuesday in New York, up by over 352% from its lowest level in 2022, making it one of the best-performing companies in Wall Street.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Carnival: Double Digit Capital Appreciation Potential - Robust Cruising Trends Ahead
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Carnival Corporation is poised for revenue growth due to strong yield momentum, new destinations, effective marketing, and increased onboard spending. Margins are expected to improve with the SEA Change Program, yield growth, and restructuring initiatives, supporting a positive margin outlook. The stock's mid-teen P/E is justified by historical valuation during similar growth periods, indicating a potential 17.7% upside.
Goldman Sachs analyst Lizzie Dove reiterated a price forecast of $35 and a Buy rating on the shares of Carnival Corp CCL and provided the following comments about its recently concluded investor event.