Professional
Added to YB: 2024-04-04
Pitch date: 2024-04-01
CCL [bullish]
Carnival Corporation & plc
+74.37%
current return
Author Info
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Company Info
Carnival Corporation & plc, a cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.
Market Cap
$33.9B
Pitch Price
$15.84
Price Target
20.00 (-28%)
Dividend
N/A
EV/EBITDA
8.02
P/E
13.42
EV/Sales
2.29
Sector
Hotels, Restaurants and Leisure
Category
value
Show full summary:
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)