pick
April 29, 2023
Trending News 🌥️
JPMorgan recently released their top picks for cruise line stocks, and CARNIVAL CORPORATION ($NYSE:CCL) came in second. Royal Caribbean ranks first on their list. The company is headquartered in Miami and operates in North America, Europe, Australia, and Asia.
Its portfolio of brands includes Holland America Line, Princess Cruises, Seabourn, P&O Cruises, Cunard, Carnival Cruise Line, Costa Cruises, AIDA Cruises, P&O Cruises Australia, and Fathom. CARNIVAL CORPORATION has been a leader in the industry for decades, providing travelers with a wide variety of cruise experiences to destinations around the world.
Stock Price
On Friday, CARNIVAL CORPORATION, a cruise line operator, saw its stock open at $8.8 and close at $9.2, up 3.5% from its previous closing price of $8.9. This increase in stock price came after JPMorgan ranked CARNIVAL CORPORATION as its second pick among the cruise line operators. This recognition is likely due to the company’s financial strength and its ability to continue operations during the pandemic.
They have also done well in recovering their revenue stream since the pandemic restrictions began to ease. Analysts expect the stock to continue to gain value as people are eager to go on cruises once again. 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 |
| 14.98k | -4.89k | -32.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Carnival Corporation. More…
| Operations | Investing | Financing |
| -1.67k | -4.77k | 3.58k |
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 |
| 51.98k | 45.82k | 4.75 |
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 |
| -10.6% | 2.2% | -20.7% |
| FCF Margin | ROE | ROA |
| -44.1% | -29.3% | -3.7% |
Analysis
At GoodWhale, we conducted an analysis of CARNIVAL CORPORATION‘s wellbeing. Our Risk Rating for CARNIVAL CORPORATION is a medium risk investment in terms of financial and business aspects. In our analysis, we found two risk warnings in the income sheet and cashflow statement. If you would like to find out more about our risk assessments for CARNIVAL CORPORATION, we invite you to register with us. We provide detailed insights into the company’s financial and business stability to help you make the best investment decision. 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 is one of the world’s leading cruise lines, offering a wide range of exciting voyages to a variety of destinations. With a strong balance sheet, a diversified portfolio, and an ongoing commitment to safety, Carnival Corporation is an attractive stock to consider for those looking to invest in the cruise line industry.
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