Professional
Added to YB: 2024-04-04
Pitch date: 2024-04-01
CCL [bullish]
Carnival Corporation Ltd.
+69.76%
current return
Author Info
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Company Info
Carnival Corporation Ltd., a cruise company, provides leisure travel services. The company operates through four segments: North America Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other.
Market Cap
$33.8B
Pitch Price
$15.59
Price Target
20.00 (-24%)
Dividend
2.39%
EV/EBITDA
7.45
P/E
11.07
EV/Sales
2.09
Sector
Hotels, Restaurants and Leisure
Category
value
Carnival Corporation & plc: Strong quarter and raised guidance
CCL: Record Q1 bookings at higher prices, replacing 20 older ships with fuel-efficient ones. Adjusted EBITDA of $871M beat $800M guidance. FY24 EPS estimate raised to $0.98. Liquidity of $5.2B enables debt reduction. BUY rating with $20 PT (16% upside) on strong FCF and bookings.
Read full article (4 min)