Carnival Corp (CCL)

• Market cap: $33.8B
• 1 day: 3.19%
• 5 days: 8.93%
• 1 month: 0.51%
• 3 months: 20.74%
• 6 months: 40.49%
• Year to date: 3.36%
• 1 year: 53.32%
• 5 years: -50.19%
• 10 years: -43.04%
• 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: 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% more ownership

Funds ownership: 64.1% [Q2] → 64.19% (+0.09%) [Q3]

2% less first-time investments, than exits

New positions opened: 89 | Existing positions closed: 91

2% less capital invested

Capital invested by funds: $13.5B [Q2] → $13.1B (-$318M) [Q3]

2% less funds holding

Funds holding: 854 [Q2] → 839 (-15) [Q3]

48% less call options, than puts

Call options by funds: $915M | Put options by funds: $1.75B

Research analyst outlook

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

• Low target: $22 15% downside
• Avg. target: $30 14% upside
• High target: $34 32% upside

10 analyst ratings

• positive: 7 70%
• neutral: 2 20%
• negative: 1 10%

Morgan Stanley Jamie Rollo 0% 1-year accuracy 0 / 3 met price target	15% downside $22	Underweight Maintained	8 Jan 2025
Stifel Steven Wieczynski 65% 1-year accuracy 20 / 31 met price target	32% upside $34	Buy Maintained	23 Dec 2024
Barclays Brandt Montour 45% 1-year accuracy 37 / 83 met price target	24% upside $32	Overweight Maintained	23 Dec 2024
Wells Fargo Daniel Politzer 53% 1-year accuracy 28 / 53 met price target	16% upside $30	Overweight Maintained	16 Dec 2024
Citigroup James Hardiman 46% 1-year accuracy 11 / 24 met price target	16% upside $30	Buy Maintained	11 Dec 2024