Carnival Corp (CCL)

• Market cap: $32.9B
• 1 day: 0.82%
• 5 days: 1.20%
• 1 month: 14.96%
• 3 months: 57.12%
• 6 months: 52.33%
• Year to date: 41.76%
• 1 year: 68.22%
• 5 years: -45.17%
• 10 years: -42.02%
• 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]

2% more repeat investments, than reductions

Existing positions increased: 272 | Existing positions reduced: 267

0.14% less ownership

Funds ownership: 63.42% [Q2] → 63.28% (-0.14%) [Q3]

3% less capital invested

Capital invested by funds: $13.3B [Q2] → $13B (-$363M) [Q3]

4% less funds holding

Funds holding: 854 [Q2] → 820 (-34) [Q3]

28% less first-time investments, than exits

New positions opened: 86 | Existing positions closed: 120

48% less call options, than puts

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

Research analyst outlook

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

• Low target: $16.50 33% downside
• Avg. target: $26 4% upside
• High target: $28 14% upside

9 analyst ratings

• positive: 8 89%
• neutral: 0 0%
• negative: 1 11%

B of A Securities Nicholas Thomas 50% 1-year accuracy 1 / 2 met price target	14% upside $28	Buy Maintained	13 Nov 2024
Citigroup James Hardiman 73% 1-year accuracy 16 / 22 met price target	14% upside $28	Buy Maintained	9 Oct 2024
Tigress Financial Ivan Feinseth 77% 1-year accuracy 49 / 64 met price target	14% upside $28	Buy Maintained	7 Oct 2024
Macquarie Paul Golding 88% 1-year accuracy 30 / 34 met price target	6% upside $26	Outperform Maintained	3 Oct 2024
Barclays Brandt Montour 62% 1-year accuracy 45 / 73 met price target	6% upside $26	Overweight Maintained	1 Oct 2024