How to Buy Carnival Stock
Carnival Corp
Carnival is a travel company located in Florida, United States, which is part of the Industrials sector, and is traded under the ticker CCL on the NYSE exchange.
Carnival stock last closed at $14.18, up 0.42% from the previous day, and has increased 44.11% in one year. It has overperformed other stocks in the Travel Services industry by 0.15 percentage points. Carnival stock is currently +62.99% from its 52-week low of $8.70, and -28.17% from its 52-week high of $19.74.
At the moment, there are 1.31B shares of CCL outstanding. The market cap of CCL is $18.58B. In the past 24 hours, 22.96M CCL shares were traded.
How to Buy Carnival Stock
Not sure how to invest in Carnival stock? Here's how.
- Decide where to buy Carnival stock: You need to pick a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Carnival stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Select your payment method and add your info.
- Analyze Carnival stock: The Carnival ticker symbol is CCL. Is Carnival stock a good investment? Should you buy shares of CCL? How do CCL's underlying business fundamentals look? Do top analysts think Carnival is a good buy? Why has CCL's stock price moved recently? (Hint: Our stock analysis website can help you figure out if CCL is a good stock to buy).
- Make your CCL purchase: Decide if you will purchase CCL shares at the current market price or use a limit order to buy CCL shares at a given price.
- Get the latest news on your CCL position: Create a watchlist to keep tabs on your investment in Carnival stock.
Step 1: Decide where to buy Carnival stock
You will need an online brokerage account to access the NYSE market and buy CCL shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal information so you are able to invest in CCL today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new brokerage account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've opened your account on the best investment app, your next step is to transfer the money for your investment:
Check out this video walkthrough to see the process of depositing money into your new brokerage account.
Step 4: Analyze Carnival stock
Once you have decided on the best place to buy Carnival stock, it's important to analyze their stock prior to investing, so you actually understand the risk as well as the opportunity.
Carnival shares quick numbers
Carnival Due Diligence Checks
WallStreetZen was created to help average investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on CCL's stock page.
Is CCL stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge CCL's fair value.
Using relative valuations ratios:
- CCL may be overvalued based on its P/E ratio of 44.31x, relative to Travel Services industry P/E ratio of 31.02x
- CCL may be undervalued based on its P/B ratio of 2.78x, relative to Travel Services industry P/B ratio of 9.28x
- CCL may be undervalued based on its PEG ratio of 0.34x
You can access additional valuation research on CCL's stock here.
CCL Financial Overview
Passed Health Checks:
- CCL profit margin has gone up from -32.7% to 1.8% in the past year.
Failed Health Checks:
- CCL's operating cash flow of $5.66B allows it to safely service it's debt of $32.02B.
- There are more long-term liabilities than short-term assets on the CCL balance sheet.
- CCL earnings of $2.41B is not sufficient to cover its interest payments.
- There are more short-term liabilities than short-term assets on the CCL balance sheet.
- CCL has a relatively high debt to equity ratio of 6.45.
- Total CCL debt is higher than 5 years ago, relative to shareholder equity.
Is Carnival stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 14 Equities analysts who give ratings on CCL, the consensus analyst rating on CCL is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Latest CCL Analyst Recommendations
Matthew Boss, a top 11% analyst from JP Morgan maintains CCL with a strong buy rating and raises their CCL price target from $22.00 to $23.00, on Mar 28, 2024.
Paul Golding, a bottom 8% analyst from Macquarie maintains CCL with a buy rating and raises their CCL price target from $22.00 to $24.00, on Mar 28, 2024.
Macquarie's Paul Golding raised their price target on Carnival (NYSE: CCL) by 9.1% from $22 to $24 on 2024/03/28. The analyst maintained their Buy rating on the stock.
Golding said Carnival's Q1 2024 EBITDA, ramped up by better-than-expected costs and record bookings over Wave Season, was the driver behind their price target hike.
Looking ahead, their firm "remains positive on the name thanks to continued demand strength, an extended booking curve, and added visibility to fundamentals," the analyst added.
Earnings Report
For Q1 2024, Carnival reported:
- Loss per share of $0.14, which beat the Zacks Consensus Estimate of $(0.18) and, by 75%, Q1 2023’s $(0.55).
- Revenue of $5.4B, which was in line with the Zacks Consensus Estimate and beat Q1 2023’s $4.4B by 22.7%.
- Net yields per available lower berth day (ALBD) of $175.36M.
- Adjusted EBITDA of $871M.
Management guided, on a constant currency basis:
For Q2 2024:
- Net yields up 10.5% Y/Y.
- Adjusted EBITDA of $1.05B.
For FY 2024:
- Net yields up 9.5% Y/Y.
- Adjusted EBITDA of $5.63B.
CEO Josh Weinstein commented: “ We delivered another strong quarter that outperformed guidance on every measure, while concluding a monumental wave season that achieved all-time high booking volumes at considerably higher prices.
"These results are a continuation of the strong demand we have been generating across our brands and all core deployments, leading to an upward revision of full year expectations by more than a point of incremental yield improvement and setting us up nicely to deliver a nearly double-digit improvement in net yields.
"With much of this year on the books, we have even greater conviction in delivering record revenues and EBITDA, along with a step change improvement in operating performance, and have begun turning more of our attention to delivering an even stronger 2025.”
Ben Chaiken, a bottom 13% analyst from Mizuho initiates coverage on CCL with a strong buy rating and announces their CCL price target of $21.00, on Mar 26, 2024.
Lizzie Dove, a top 38% analyst from Goldman Sachs initiates coverage on CCL with a strong buy rating and announces their CCL price target of $20.00, on Mar 13, 2024.
Patrick Scholes, a top 4% analyst from Truist Securities maintains CCL with a hold rating and raises their CCL price target from $15.00 to $18.00, on Jan 18, 2024.
You can dive deeper into what analysts are forecasting on the Carnival stock forecast page.
CCL Technical Indicators
CCL Growth Metrics
Last year, CCL earnings were $405.00M. In the past five year, CCL's earnings have grown by -40.82% per year. This was slower than the Travel Services industry average of 49.68%.
Last year, CCL revenue was $22.57B. During the last five year, CCL's revenue has grown by 3.15% per year. This was slower than the Travel Services industry average of 11.44%.
Learn more about CCL's earnings and revenue performance here.
What are CCL executives and large shareholders up to?
In the last year, executives and large shareholders at CCL have bought more shares than they have sold.
David 1. Bernstein, CFO CAO of CCL, was the latest CCL insider to sell. They sold $2,367,057.15 worth of CCL shares on Feb 15, 2024.
Get more info about who owns CCL stock here.
Does CCL provide a stable income stream?
No, Carnival doesn't provide an income stream by paying out dividends.
What others are saying about CCL
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your CCL purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually fine for most investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact price, use a limit order.
Click the Open button and your broker will place the order.
If you require more info about buying stocks on eToro, click the how to video below:
Step 6: Get the latest news on your CCL position
Now that you own some shares in CCL, you'll want to keep up with your new company.
Put CCL on a watchlist to track the latest developments regarding your CCL stock.
CCL Feed
How to Buy Stock in Carnival
To summarize, here are the 6 steps you need to take to buy Carnival stock right now:
- Decide where to buy Carnival stock
- Create your brokerage account
- Deposit money your brokerage account
- Analyze Carnival stock
- Make your CCL purchase
- Get the latest news on your CCL position
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep track of your investment in Carnival, create your watchlist below.
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