Carnival Stock Today

CCL Stock  USD 16.34  0.85  4.94%   

Performance

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Odds Of Distress

Less than 45

 
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Carnival is selling for 16.34 as of the 29th of March 2024. This is a -4.94 percent decrease since the beginning of the trading day. The stock's lowest day price was 16.31. Carnival has 45 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Carnival are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Consumer Services
IPO Date
24th of July 1987
Category
Consumer Cyclical
Classification
Consumer Discretionary
Carnival Corporation plc operates as a leisure travel company. Carnival Corporation plc was founded in 1972 and is headquartered in Miami, Florida. Carnival Corp operates under Travel Services classification in the United States and is traded on New York Stock Exchange. The company has 1.12 B outstanding shares of which 92.5 M shares are currently shorted by investors with about 3.23 days to cover. More on Carnival

Moving against Carnival Stock

  0.49DKNG DraftKings Financial Report 2nd of May 2024 PairCorr
  0.46WING Wingstop Financial Report 1st of May 2024 PairCorr

Carnival Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Carnival's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Carnival or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Carnival's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Carnival's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEOMichael Thamm
Thematic IdeaTransportation (View all Themes)
Old Names[COCA-COLA AMATIL, COCA-COLA AMATIL, COCA-COLA AMATIL (CCL.SG), Coca-Cola Amatil Limited, Coca-Cola Amatil Limited]
Business ConcentrationHotels, Resorts & Cruise Lines, Consumer Services, Consumer Discretionary, NYSE Composite, SP 500 Index, Transportation, Consumer Discretionary, Hotels, Restaurants & Leisure, Travel Services, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Analysts covering Carnival report their recommendations after researching Carnival's financial statements, talking to executives and customers, or listening in on Carnival's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Carnival. The Carnival consensus assessment is calculated by taking the average forecast from all of the analysts covering Carnival.
Financial Strength
Based on the analysis of Carnival's profitability, liquidity, and operating efficiency, Carnival may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Carnival is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.460.51
Moderately Down
Slightly volatile
Net Debt35.6 B33.9 B
Sufficiently Up
Slightly volatile
Total Current Liabilities13.9 B13.2 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total37.1 B35.4 B
Sufficiently Up
Slightly volatile
Total Assets59.3 B56.5 B
Sufficiently Up
Slightly volatile
Total Current Assets6.4 B6.1 B
Sufficiently Up
Slightly volatile
Carnival's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Carnival's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Carnival's financial leverage. It provides some insight into what part of Carnival's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Carnival's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Carnival deploys its capital and how much of that capital is borrowed.
Liquidity
Carnival cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 31.89 B in debt with debt to equity (D/E) ratio of 4.21, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Carnival has a current ratio of 0.64, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Carnival until it has trouble settling it off, either with new capital or with free cash flow. So, Carnival's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Carnival sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Carnival to invest in growth at high rates of return. When we think about Carnival's use of debt, we should always consider it together with cash and equity.

Other Cashflows From Financing Activities

2.4 Billion
Carnival (CCL) is traded on New York Stock Exchange in USA. It is located in 3655 N.W. 87th Avenue, Miami, FL, United States, 33178-2428 and employs 106,000 people. Carnival is listed under Hotels, Resorts & Cruise Lines category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 22.52 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Carnival's market, we take the total number of its shares issued and multiply it by Carnival's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Carnival runs under Hotels, Restaurants & Leisure sector within Consumer Discretionary industry. The entity has 1.12 B outstanding shares of which 92.5 M shares are currently shorted by investors with about 3.23 days to cover. Carnival has about 4.03 B in cash with 4.28 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.44.
Check Carnival Probability Of Bankruptcy
Ownership Allocation
Carnival retains a total of 1.12 Billion outstanding shares. Over half of Carnival's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Carnival. Please watch out for any change in the institutional holdings of Carnival as this could mean something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Carnival Ownership Details

Carnival Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Carnival jumping above the current price in 90 days from now is about 54.47%. The Carnival probability density function shows the probability of Carnival stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.4785 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Carnival will likely underperform. Additionally, carnival has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 16.34HorizonTargetOdds Above 16.34
45.32%90 days
 16.34 
54.47%
Based on a normal probability distribution, the odds of Carnival to move above the current price in 90 days from now is about 54.47 (This Carnival probability density function shows the probability of Carnival Stock to fall within a particular range of prices over 90 days) .

Carnival Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Carnival that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Carnival's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Carnival's value.
InstituionRecorded OnShares
Arrowstreet Capital Limited Partnership2023-12-31
10.4 M
Nuveen Asset Management, Llc2023-12-31
10.1 M
Qube Research & Technologies2023-12-31
M
Voloridge Investment Management, Llc2023-09-30
8.8 M
Amvescap Plc.2023-12-31
8.6 M
Squarepoint Ops Llc2023-12-31
6.6 M
Bank Of New York Mellon Corp2023-12-31
6.4 M
Candlestick Capital Management Lp2023-09-30
6.3 M
Primecap Management Company2023-12-31
6.3 M
Vanguard Group Inc2023-12-31
113.2 M
Blackrock Inc2023-12-31
64.2 M
View Carnival Diagnostics

Carnival Historical Income Statement

Carnival Income Statement is one of the three primary financial statements used for reporting Carnival's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Carnival revenue and expense. Carnival Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Carnival's Other Operating Expenses is quite stable compared to the past year. Operating Income is expected to rise to about 1.8 B this year, although the value of Total Other Income Expense Net will most likely fall to (175.8 M). View More Fundamentals

Carnival Stock Against Markets

Picking the right benchmark for Carnival stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Carnival stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Carnival is critical whether you are bullish or bearish towards Carnival at a given time. Please also check how Carnival's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Carnival without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Carnival Corporate Directors

Carnival corporate directors refer to members of a Carnival board of directors. The board of directors generally takes responsibility for the Carnival's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Carnival's board members must vote for the resolution. The Carnival board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Randall WeisenburgerNon-Executive Independent DirectorProfile
Jeffrey GearhartNon-Executive Independent DirectorProfile
John ParkerNon-Executive Independent DirectorProfile
Richard GlasierNon-Executive Independent DirectorProfile

How to buy Carnival Stock?

Before investing in Carnival, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Carnival. To buy Carnival stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Carnival. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Carnival stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Carnival stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Carnival stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Carnival, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Carnival Stock please use our How to Invest in Carnival guide.

Already Invested in Carnival?

The danger of trading Carnival is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Carnival is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Carnival. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Carnival is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Carnival is a strong investment it is important to analyze Carnival's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Carnival's future performance. For an informed investment choice regarding Carnival Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carnival. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Carnival Stock please use our How to buy in Carnival Stock guide.
Note that the Carnival information on this page should be used as a complementary analysis to other Carnival's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

Complementary Tools for Carnival Stock analysis

When running Carnival's price analysis, check to measure Carnival's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carnival is operating at the current time. Most of Carnival's value examination focuses on studying past and present price action to predict the probability of Carnival's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carnival's price. Additionally, you may evaluate how the addition of Carnival to your portfolios can decrease your overall portfolio volatility.
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Is Carnival's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Carnival. If investors know Carnival will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Carnival listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.14)
Earnings Share
0.32
Revenue Per Share
17.868
Quarterly Revenue Growth
0.22
Return On Assets
0.0294
The market value of Carnival is measured differently than its book value, which is the value of Carnival that is recorded on the company's balance sheet. Investors also form their own opinion of Carnival's value that differs from its market value or its book value, called intrinsic value, which is Carnival's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Carnival's market value can be influenced by many factors that don't directly affect Carnival's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Carnival's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carnival is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carnival's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.