Carnival Co. & plc (CCL) continues to prove its value as a strong investment, outperforming the broader market despite concerns about regulations and taxes. The company has gained significant institutional support, with the likes of Bank of New York Mellon Corp and Private Advisor Group LLC noticeably increasing their stakes. Over the last six months, CCL's price has witnessed a significant uptrend, elevating 42% and garnering interest from investors. The company's recent initiatives to cut back its debt by arranging a $2 billion unsecured notes offering further demonstrates its financial acumen. Industry experts, including Jim Cramer, believe it's time to buy CCL shares given the outlook of its recovery and potential upside. Several institutions such as Illinois Municipal Retirement Fund, National Pension Service, and New York State Common Retirement Fund hold substantial stakes in CCL, confirming their confidence in the company's prospects. In terms of growth, Carnival is depicted as a high-growth travel services stock well-positioned until 2025. Its value-oriented investors are advised to hold, to leverage the long-term momentum characteristics of the stock. On the downside, there have been instances of company stock trading down and faces challenges in accelerating its returns.
Carnival Stocks CCL News Analytics from Mon, 30 Sep 2024 07:00:00 GMT to Sat, 01 Mar 2025 09:19:20 GMT -
Rating 7
- Innovation 2
- Information 7
- Rumor -2
