Professional
Added to YB: 2024-07-23
Pitch date: 2024-07-09
CCL [bullish]
Carnival Corporation & plc
+52.43%
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
$18.12
Price Target
25.00 (-9%)
Dividend
N/A
EV/EBITDA
8.02
P/E
13.42
EV/Sales
2.29
Sector
Hotels, Restaurants and Leisure
Category
growth
Carnival Corporation & plc: Raising EPS estimates
CCL: BUY, $25 PT (41% upside). Record bookings, higher prices. Q2 rev $5.78B (+18% YoY), adj EPS $0.11 vs -$0.31. FY24 guided adj EBITDA $5.83B (+40% YoY), EPS $1.18. Raising FY24/25 EPS est to $1.32/$1.60. Strong FCF, $4.6B liquidity. Risks: disease outbreaks, terrorism, fuel costs. Reducing debt, improving fleet efficiency with LNG ships.
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