Carnival Corporation’s Stock Rises as Melius Research Joins Bull Camp
December 16, 2023
🌥️Trending News
Carnival Corporation ($NYSE:CCL) is one of the world’s leading cruise line companies, with a portfolio of 10 dynamic and distinctive cruise brands. Recently, Carnival Corporation’s stock has seen a surge, due to the addition of Melius Research to its bull camp. Melius Research is a prominent Wall Street research firm that recently upgraded Carnival’s stock from a ‘Hold’ rating to a ‘Buy’ rating. This news has had a positive impact on Carnival’s stock, as it has seen a nearly 3% rise in its stock price since the upgrade was announced.
According to Melius Research, the reason for their upgrade was due to the company’s improved financial prospects and their strong presence in the industry. This positive news has only served to strengthen the outlook for the company’s stock in the coming months. With their strong presence in the industry and their improved financial prospects, investors are feeling confident about the future of Carnival Corporation.
Market Price
On Monday, CARNIVAL CORPORATION shares opened for trading at $14.4 and closed at $14.6, representing an increase of 1.5% from the prior closing price of $14.4. This news provided a boost to the stock price, with many investors taking a more optimistic view on the future prospects of the company. Analysts at Melius Research were enthusiastic about CARNIVAL CORPORATION’s strong balance sheet and experienced management team.
Additionally, they noted that the company’s cruise business continued to perform well during the pandemic. As a result of the positive sentiment, CARNIVAL CORPORATION’s stock has seen a steady rise in value over the past few days. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Carnival Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 20.04k | -1.62k | -7.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Carnival Corporation. More…
| Operations | Investing | Financing |
| 3.24k | -3.62k | -3.87k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Carnival Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 49.76k | 42.8k | 5.51 |
Key Ratios Snapshot
Some of the financial key ratios for Carnival Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.7% | 2.2% | 2.1% |
| FCF Margin | ROE | ROA |
| -2.7% | 4.1% | 0.5% |
Analysis
At GoodWhale, we analyze the fundamentals of CARNIVAL CORPORATION to provide investors with the best possible information. According to our Star Chart analysis, CARNIVAL CORPORATION has a low health score of 2/10, indicating that the company is less likely to sustain future operations in times of crisis due to its weak cashflows and debt. We also found that CARNIVAL CORPORATION is strong in asset, medium in profitability and weak in dividend and growth. After evaluating its performance, we’ve classified CARNIVAL CORPORATION as a ‘cheetah’ type company. This means that while it may have achieved high revenue or earnings growth, the company is considered less stable due to its lower profitability. This type of company may be attractive to investors who are looking for a high-growth investment with potentially high returns. However, they should consider the risk associated with such a company, including the potential for financial losses if the company’s performance does not meet expectations. More…
Peers
Carnival Corporation is the world’s largest cruise line operator, with a combined fleet of over 125 ships across 10 cruise line brands. The company’s competitors include Norwegian Cruise Line Holdings Ltd, Royal Caribbean Group, and Carnival PLC. All three companies are based in Miami, Florida, and have a strong presence in the Caribbean cruise market.
– Norwegian Cruise Line Holdings Ltd ($NYSE:NCLH)
Norwegian Cruise Line Holdings Ltd. is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. With a combined total of 29 ships with approximately 59,150 berths, these brands offer itineraries to more than 510 destinations worldwide. The Company has a strong pipeline of ships under construction, including two new ships for Norwegian Cruise Line, one new ship for Regent Seven Seas Cruises and two new ships for Oceania Cruises.
– Royal Caribbean Group ($NYSE:RCL)
The company has a market cap of 12.38B as of 2022. The company’s ROE for the year was -53.73%. The company operates in the cruise line industry and offers cruise vacations to various destinations around the world.
– Carnival PLC ($LSE:CCL)
Carnival plc is a global cruise company and one of the largest vacation companies in the world. It has a market cap of 7.94B as of 2022 and a Return on Equity of -42.02%. The company operates a fleet of over 100 cruise ships across 10 cruise line brands, including Carnival Cruise Line, Princess Cruises, Holland America Line, and Costa Cruises. Carnival plc also owns a number of tour and travel companies, including Holland America Princess Alaska Tours, Princess Cruises’ North American tour operator, and Costa Cruises’ tour operator in Europe.
Summary
CARNIVAL CORPORATION saw a positive shift in investor sentiment when Melius Research joined the bull camp for the stock. Analysts have noted that the company’s operating performance is likely to improve in the near term due to its strong balance sheet, expense reductions, and solid liquidity position. The firm noted that Carnival has shifted its focus to a more asset-light model, which should reduce costs and enable the company to drive earnings growth going forward.
Furthermore, Carnival Corporation is in an advantageous position to benefit from a potential recovery in the global cruise industry. As such, investors are encouraged to consider investing in the stock to benefit from potential upside.
Related Posts
Recent Posts
