Carnival Corporation & plc (NYSE:CCL) has made significant news recently, with varying perspectives on the stock's potential. Despite a low return on equity of 6.1%, the company is attracting investor attention. Increased investment by Dimensional Fund Advisors LP and a record booking volume indicate robust interest in CCL. Certain uncertainties exist, such as CCL's substantial debt and signs of decreased stakes from the Teacher Retirement System of Texas. While some analysts suggest buying CCL stock, others hint at forthcoming average returns. An upgrade from Wells Fargo raised the price target to $23.00, causing a surge in interest. Some speculate the stock might double by 2025 or return to pre-pandemic profitability by 2024. Recent earnings beat expectations, and CCL reported its first quarterly profit since the pandemic. Opinion remains split over whether to buy, sell, or hold CCL, with concerns about debt offsetting potential gains. Nevertheless, a Goldman Sachs’ rating of 'buy' offers a strong vote of confidence.
Carnival Stocks CCL News Analytics from Fri, 29 Sep 2023 07:00:00 GMT to Thu, 23 May 2024 10:19:53 GMT -
Rating 2
- Innovation -3
- Information 5
- Rumor -2
