Carnival Corporation Shares Rise for Seventh Consecutive Day
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 10h ago
0mins
Source: seekingalpha
- Stock Price Trend: Carnival Corporation (CCL) shares rose 7.31% to $30.82 in afternoon trading on Thursday, marking a seventh consecutive day of gains, reflecting market optimism around travel demand.
- Market Performance Comparison: Between January 21 and January 28, Carnival's stock gained approximately 1.66%, slightly outperforming the S&P 500's 1.49% increase during the same period, indicating strong relative performance.
- Positive Analyst Ratings: According to Seeking Alpha's QuantRating system, CCL received a score of 4.42, demonstrating strong performance in profitability and momentum, despite challenges in growth and valuation metrics.
- Shift in Investment Case: Analysts noted that Carnival's investment case has shifted from demand recovery to pricing power, with strong net yield growth and high occupancy supporting future liquidity and valuation re-rating prospects.
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Analyst Views on CCL
Wall Street analysts forecast CCL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CCL is 37.59 USD with a low forecast of 33.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 28.720
Low
33.00
Averages
37.59
High
45.00
Current: 28.720
Low
33.00
Averages
37.59
High
45.00
About CCL
Carnival Corporation is a global cruise and leisure travel company. The Company has a portfolio of cruise lines, including AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), Princess Cruises, and Seabourn. The Company's segment includes NAA cruise operations, Europe cruise operations (Europe), Cruise Support and Tour and Other. Its Cruise Support segment includes its portfolio of port destinations and exclusive islands as well as other services, all of which are operated for the benefit of its cruise brands. In addition to its cruise operations, it owns Holland America Princess Alaska Tours, a tour company in Alaska and the Canadian Yukon, which complements its Alaska cruise operations. Its Tour and Other segment represents the hotel and transportation operations of Holland America Princess Alaska Tours and other operations. Its tour company owns and operates hotels, lodges, glass-domed railcars and motorcoaches.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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