Carnival Corp (CCL)

• Market cap: $36B
• 1 day: 6.43%
• 5 days: 1.98%
• 1 month: 6.86%
• 3 months: 41.05%
• 6 months: 66.87%
• Year to date: 55.00%
• 1 year: 48.31%
• 5 years: -46.62%
• 10 years: -40.26%
• Sector: Industrials
• Industry: Water Transportation

About: Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to covid-19, a level it reached again in 2023.

Employees: 106,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

40% more funds holding in top 10

Funds holding in top 10: 10 [Q2] → 14 (+4) [Q3]

1% more repeat investments, than reductions

Existing positions increased: 277 | Existing positions reduced: 274

0.09% less ownership

Funds ownership: 63.42% [Q2] → 63.33% (-0.09%) [Q3]

3% less capital invested

Capital invested by funds: $13.3B [Q2] → $13B (-$353M) [Q3]

2% less funds holding

Funds holding: 854 [Q2] → 838 (-16) [Q3]

15% less first-time investments, than exits

New positions opened: 88 | Existing positions closed: 104

48% less call options, than puts

Call options by funds: $901M | Put options by funds: $1.73B

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $16.50 38% downside
• Avg. target: $28 6% upside
• High target: $32 19% upside

12 analyst ratings

• positive: 9 75%
• neutral: 2 17%
• negative: 1 8%

Wells Fargo Daniel Politzer 60% 1-year accuracy 32 / 53 met price target	12% upside $30	Overweight Maintained	16 Dec 2024
Barclays Brandt Montour 51% 1-year accuracy 43 / 84 met price target	16% upside $31	Overweight Maintained	13 Dec 2024
Citigroup James Hardiman 46% 1-year accuracy 11 / 24 met price target	12% upside $30	Buy Maintained	11 Dec 2024
Stifel Steven Wieczynski 73% 1-year accuracy 24 / 33 met price target	19% upside $32	Buy Maintained	10 Dec 2024
Goldman Sachs Lizzie Dove 54% 1-year accuracy 14 / 26 met price target	19% upside $32	Buy Maintained	10 Dec 2024