Professional
Added to YB: 2024-04-04
Pitch date: 2024-04-01
CCL [bullish]
Carnival Corporation & plc
+100.1%
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
$43.9B
Pitch Price
$15.77
Price Target
20.00 (-37%)
Dividend
1.89%
EV/EBITDA
9.22
P/E
15.73
EV/Sales
2.63
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)