Carnival (NYSE: CCL) is watching shares fall today after projecting a loss for the coming year. The company has experienced several setbacks due to Covid-19 surges. This time, however, the rising cost of fuel spurred by the Russia-Ukraine conflict has Wall Street worried about CCL stock.
Full Answer
Will carnival stock hit an iceberg?
Jul 13, 2021 · For the second day in a row, Carnival stock is sinking. After falling 1.6% from Friday's close on Monday, shares of the cruise ship operator are down another 2.5% as of 11:11 a.m. EDT on Tuesday ...
How much did carnival spend to pay off its debt?
Jul 22, 2021 · In Thursday trading, Carnival stock is going down again -- falling 2.4% through 10:30 a.m. EDT -- and the reason this time is because of how Carnival plans to …
Is carnival stock still a buy after Citi cut its target price?
Mar 22, 2022 · Today brought reports that the cruise line is projecting a loss for 2022. It didn’t take long for CCL stock to start sinking. As of this writing, it is …
Is Carnival Corporation on the road to recovery?
Oct 25, 2021 · Shares of Carnival ( CCL 7.15% ) ( CUK 7.62% ) fell 2% as of 1:39 a.m. EDT Monday after the cruise company got hit with a downgrade from analysts at …
Why have Carnival shares dropped so much?
High oil prices are a massive headwind for Carnival. Cruise line stocks had a rough start to the week as investors pondered the war between Russia and Ukraine and the economic fallout. Carnival ( CCL -2.13% ) closed the day down 9.9%, its low for the day.Mar 7, 2022
Will Carnival cruise stocks Bounce Back?
If recent predictions are correct, the cruise line industry will return to pre-pandemic revenue levels in 2023 or 2024. As the cruise industry picks back up, CCL stock is almost certain to rebound. This means investors who buy the dip here are likely to be handsomely rewarded, as they were back in early 2020.Dec 14, 2021
Why are cruise stocks down?
The value of cruise line stocks plunged on Monday as investors weighed multiple headwinds heading the industry's way. Not only are oil prices spiking, but there's also concern that Russia's invasion of Ukraine could sink consumer discretionary spending on things like cruises.Mar 7, 2022
Is CCL stock a good buy?
Out of 10 analysts, 0 (0%) are recommending CCL as a Strong Buy, 2 (20%) are recommending CCL as a Buy, 6 (60%) are recommending CCL as a Hold, 0 (0%) are recommending CCL as a Sell, and 2 (20%) are recommending CCL as a Strong Sell.
Will cruise line stocks recover?
Norwegian Cruise Line Holdings (NYSE:NCLH) has underperformed in 2021, and that could hold true for 2022 as well. Higher debt levels, dilution, and ongoing COVID issues on cruise ships pose headwinds, although an eventual business recovery is likely.Jan 5, 2022
Will Carnival stock go up?
Carnival's stock is also trading at about 50% below pre-Covid levels seen in February 2020. Investors might be seeing some value here, given that Carnival is likely to see revenue rise to about 70% of 2019 levels by this year and to almost 95% of 2019 levels by 2023, per consensus estimates.Jan 14, 2022
Do cruise ship workers get free food?
Do cruise ship employees get free food? Yes, crew members receive free food for working onboard a ship, along with a cabin to sleep in (more on that later). Similar to the guests, crew members have their own buffet style restaurant to get their meals from throughout the day.Mar 11, 2021
Why did CCL stock go up today?
Carnival Corporation (CCL +3.4%) shares rose today after the cruise line reported strong 2022 bookings even with the Omicron variant. Despite results for FQ4 coming in below consensus, investors were comforted by Carnival's projection that it will be profitable in the second half of next year.Dec 20, 2021
What is the latest on Carnival cruises?
As Carnival Freedom will be repositioning to Port Canaveral, Carnival Conquest will be operating her cruises from Miami on 10.11. & 19.11. 2023 as well as 28.01. & 11.02....ⓘ Latest announcements. LAST UPDATED: 06.04. 2022.ProgramAlaskaFrom02.05.2023To12.09.2023Current ShipFreedomNew ShipSpirit5 more columns
Is Carnival a buy or sell?
Consensus Rating Carnival Co. & has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 4 buy ratings, 7 hold ratings, and 4 sell ratings.
What is the hottest stock to buy right now?
Most ActivesCompanyPrice% ChangeBAC Bank of America Corp38.80-0.96%JPM JPMorgan Chase & Co127.03-3.43%XOM Exxon Mobil Corp86.64+1.21%OXY Occidental Petroleum Corp59.54+0.68%6 more rows
Is CCL overvalued?
While CCL stock has been rallying among other discretionary stocks, reality has started setting in now, and most of the gains have now been wiped away. In the past month, the share price lost 16.8%. The stock is still gross overvalued, as it trades at over 27 times its forward enterprise value to sales.Jul 4, 2021
Surprise! Carnival is taking on more debt
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
About two weeks ago, Carnival stock ( NYSE:CCL) ( NYSE:CUK) hit an iceberg, when the cruise company announced it would spend $2 billion to buy back some of its debt.
So what
Let's review.
Now what
Investors don't seem to like all this talk of debt. It reminds them that Carnival has taken on a lot of debt to tide it through the pandemic. Carnival's debt load now stands at $32.2 billion -- way more than the cash it has on hand.
