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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 $19.18, up 4.69% from the previous day, and has increased 8.3% in one year. It has underperformed other stocks in the Travel Services industry by 0.29 percentage points. Carnival stock is currently +76.94% from its 52-week low of $10.84, and -2.84% 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 $25.13B. In the past 24 hours, 28.61M CCL shares were traded.

How to Buy Carnival Stock

Not sure how to invest in Carnival stock? Here's how.
  1. 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.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit money your brokerage account: Select your payment method and add your info.
  4. 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).
  5. 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.
  6. 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.

A brokerage account enables you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 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.

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  2. Enter your personal info to create a new brokerage account.
  1. Send your details by pressing the "Create Account" button.
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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.

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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

CCL Price
$19.18
1w %
7.15%
1y %
8.3%
5y %
-58.71%
P/E
27.01x
P/B
3.69x
P/S
1.07x
PEG
0.71x
Revenue
$23.44B
Earnings
$904.00M
Fore. Rev. Growth
4.96%
Fore. Earn. Growth
42.52%
Market Cap
$25.13B
Next Earnings
N/A
Next Dividend
N/A

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 27.01x, relative to Travel Services industry P/E ratio of 24.48x
  • CCL may be undervalued based on its P/B ratio of 3.69x, relative to Travel Services industry P/B ratio of 14.16x
  • CCL may be undervalued based on its PEG ratio of 0.71x

You can access additional valuation research on CCL's stock here.

CCL Financial Overview

Passed Health Checks:

  • CCL profit margin has gone up from -19.8% to 3.9% in the past year.
  • CCL's operating cash flow of $6.56B allows it to safely service it's debt of $30.65B.

Failed Health Checks:

  • There are more short-term liabilities than short-term assets on the CCL balance sheet.
  • CCL earnings of $2.82B is not sufficient to cover its interest payments.
  • CCL has a relatively high debt to equity ratio of 6.28.
  • Total CCL debt is higher than 5 years ago, relative to shareholder equity.
  • There are more long-term liabilities than short-term assets on the CCL balance sheet.

Is Carnival stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 16 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

Patrick Scholes, a top 3% analyst from Truist Securities maintains CCL with a hold rating and lowers their CCL price target from $18.00 to $17.00, on May 29, 2024.

Truist Securities's Patrick Scholes lowered their price target on Carnival (NYSE: CCL) by 5.6% from $18 to $17 on 2024/05/29. The analyst maintained their Hold rating on the stock.

Scholes reported that their update was catalyzed by a deep dive into their Lodging and Leisure (Cruise Lines) sector coverage area.

The analyst believes that there is still reason to be optimistic about the cruise industry's booking and pricing prospects in FY 2024.

The best chance for added profit comes from higher prices on close-in reservations because of low inventory levels, Scholes noted.

Although the analyst has high hopes for Carnival's forthcoming Celebration Key, they do not believe that this extra feature will have the same impact on the bottom line as it would for a smaller company.

Daniel Politzer, a top 13% analyst from Wells Fargo maintains CCL with a strong buy rating and raises their CCL price target from $22.00 to $23.00, on May 17, 2024.

Robin M. Farley, a top 6% analyst from UBS maintains CCL with a strong buy rating and raises their CCL price target from $20.00 to $21.00, on May 14, 2024.

Ivan Feinseth, a top 4% analyst from Tigress Financial maintains CCL with a buy rating and raises their CCL price target from $23.00 to $25.00, on Apr 3, 2024.

John Staszak, a top 15% analyst from Argus Research maintains CCL with a strong buy rating and lowers their CCL price target from $23.00 to $20.00, on Apr 1, 2024.

You can dive deeper into what analysts are forecasting on the Carnival stock forecast page.

CCL Technical Indicators

SMA10
17.93
SMA20
17.53
SMA50
16.29
SMA100
15.92
SMA200
15.53
MACD
0.62
MACD Signal
0.55
MACD Histogram
0.07
RSI
69.55
Stochastic %K
82.38
Stochastic %D
76.21
StochRSI %K
59.54
StochRSI %D
48.58

CCL Growth Metrics

Last year, CCL earnings were $904.00M. In the past five year, CCL's earnings have grown by -30.15% per year. This was slower than the Travel Services industry average of 36.8%.

Last year, CCL revenue was $23.44B. During the last five year, CCL's revenue has grown by 3.43% per year. This was slower than the Travel Services industry average of 35.97%.

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:

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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:

  1. Decide where to buy Carnival stock
  2. Create your brokerage account
  3. Deposit money your brokerage account
  4. Analyze Carnival stock
  5. Make your CCL purchase
  6. Get the latest news on your CCL position

If you require a brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep track of your investment in Carnival, create your watchlist below.

NYSE: CCL
$19.18+0.86 (+4.69%)
Updated Jul 16, 2024
Open eToro Account
NYSE: CCL
$19.18+0.86 (+4.69%)
Updated Jul 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one Carnival share?

As of Jul 16, 2024, it costs $19.18 to buy one share of Carnival stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $9, you can buy 0.469 shares of CCL.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Carnival stock?

According to 16 Wall Street analysts who monitor Carnival, their consensus recommendation is to buy Carnival stock.

What is the best way to buy Carnival stock?

One way to place an order for Carnival stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.