Why is Carnival stock falling?

Why Carnival's stock might fall. The bearish case on Carnival is that an increase in price could derail the company's growth. Plus the company's debt levels remain high, and Carnival has already incurred $1.6 billion in interest expenses over the past nine months (up from $1.2 billion a year ago).



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Cruise giant Carnival was hit hard during the worst of the pandemic. Now, a top Wall Street analyst has issued a dire potential outlook for the company in the case of recession. Morgan Stanley's Jamie Rollo outlined a worse-case scenario: Carnival stock could fall to $0 in the event of a global economic downturn.

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Is Carnival stock a Buy, Sell or Hold? Carnival stock has received a consensus rating of buy. The average rating score is and is based on 35 buy ratings, 19 hold ratings, and 13 sell ratings.

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The consensus among 15 Wall Street analysts covering (NYSE: CCL) stock is to Strong Buy CCL stock.

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Cruise stocks could be a profitable long-term investment Will cruise stocks recover? The answer is a pretty resounding yes.” says Matthew Makowski, senior research analyst at Investment U10.

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Carnival and Disney paused dividend payments due to complications from the pandemic. Fool.com contributor Parkev Tatevosian evaluates Carnival (CCL -5.19%) and Disney (DIS -0.89%) to determine which company is in a better financial position to pay a dividend.

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Carnival Corp. (CCL 8.53%) and its smaller peers are profitable again, and back at pre-pandemic performance levels in some key metrics. However, cruise line stocks have pulled back sharply from their recent summertime highs.

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Carnival Total Long Term Debt (Quarterly): 31.30B for Aug. 31, 2023.

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Shares of Carnival stock cost around $15.50 a share in mid-2023. It would cost about $1,550 to buy 100 shares of Carnival stock at that price point.

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Ship size and capacity: Carnival operates some of the largest cruise ships in the world, which allows them to accommodate a larger number of passengers. The higher passenger capacity spreads operational costs over more people, leading to potential cost savings.

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How Much Debt Does Carnival Corporation & Carry? The chart below, which you can click on for greater detail, shows that Carnival Corporation & had US$33.8b in debt in May 2023; about the same as the year before. However, it also had US$4.47b in cash, and so its net debt is US$29.3b.

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What are the benefits of holding Carnival cruise shares? Anyone that owns 100 shares or more of the Carnival Corporation can enjoy an amount of onboard credit on their next cruise, up to $250 on sailings on cruise lines operating out of the US.

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