Carnival Corp (CCL)

• Market cap: $31.4B
• 1 day: -5.46%
• 5 days: -10.62%
• 1 month: -9.30%
• 3 months: -8.40%
• 6 months: 49.90%
• Year to date: -7.16%
• 1 year: 57.85%
• 5 years: -44.30%
• 10 years: -46.65%
• Sector: Industrials
• Industry: Water Transportation

About: Carnival is the largest global cruise company, with more than 90 ships in service at the end of fiscal 2024. 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 14 million guests in 2024.

Employees: 100,000

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

97% more first-time investments, than exits

New positions opened: 171 | Existing positions closed: 87

40% more capital invested

Capital invested by funds: $13.1B [Q3] → $18.4B (+$5.3B) [Q4]

24% more repeat investments, than reductions

Existing positions increased: 299 | Existing positions reduced: 242

5% more funds holding

Funds holding: 843 [Q3] → 882 (+39) [Q4]

1.78% more ownership

Funds ownership: 64.19% [Q3] → 65.97% (+1.78%) [Q4]

14% less funds holding in top 10

Funds holding in top 10: 14 [Q3] → 12 (-2) [Q4]

48% less call options, than puts

Call options by funds: $1.09B | Put options by funds: $2.1B

Research analyst outlook

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

• Low target: $22 5% downside
• Avg. target: $29 26% upside
• High target: $34 46% upside

10 analyst ratings

• positive: 6 60%
• neutral: 3 30%
• negative: 1 10%

Loop Capital Laura Champine 59% 1-year accuracy 16 / 27 met price target	8% upside $25	Hold Initiated	4 Feb 2025
Truist Securities Patrick Scholes 61% 1-year accuracy 46 / 75 met price target	29% upside $30	Hold Maintained	24 Jan 2025
Morgan Stanley Jamie Rollo 0% 1-year accuracy 0 / 3 met price target	5% downside $22	Underweight Maintained	8 Jan 2025
Stifel Steven Wieczynski 70% 1-year accuracy 21 / 30 met price target	46% upside $34	Buy Maintained	23 Dec 2024
Barclays Brandt Montour 65% 1-year accuracy 53 / 81 met price target	38% upside $32	Overweight Maintained	23 Dec 2024