Citi adds Carnival Corp. to focus list, raises cruise sector estimates Investing.com -- Citi analysts added Carnival (NYSE:CCL) Corp. to their Focus List and raised price targets across the cruise sector in a note Wednesday, citing enduring supply-demand tailwinds that support a long-term pricing advantage. “It is hard to ignore the fact that the cruise industry is having a moment,” Citi wrote, adding that “this is much more than a moment” due to “better-than-ever demand dynamics coupled with lower-than-historical supply growth.” The firm believes this favorable pricing backdrop could “last much longer than investors believe and even cruise management lets on.” Carnival now has a new price target of $37, up from $30, while targets for Royal Caribbean (NYSE:RCL), Norwegian Cruise Line (NYSE:NCLH), and Viking Holdings were also raised. RCL’s target moves from $318 to $390, NCLH from $25 to $30, and VIK from $57 to $68. Citi noted that web traffic and pricing data indicate “June/early July trends have either maintained or improved upon May trends, themselves an improvement on the April low.” Although company-level trends vary, Royal Caribbean and Viking remain “standout performers.” A deep dive into cruise industry supply is said to reveal structural limitations on future growth. Citi projects global capacity to grow at a ~4% CAGR through 2030 and ~3% from 2030 to 2036, below the historical average of over 5%. “The industry couldn’t likely accelerate this growth even if it tried,” Citi said, citing flat shipyard output. Given that Carnival still trades about 40% below 2019 levels, Citi argues it “fits the description” of a name with exposure to the cruise industry recovery but is still early in the valuation realization cycle.

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HSBC lifts Carnival Corp. rating as it is now ‘in calmer waters’ Investing.com -- HSBC raised its rating for Carnival (NYSE:CCL) Corp. to Hold from Reduce in a note to clients on Friday, citing resilient booking trends, improving profitability, and meaningful progress on debt reduction. The firm also raised its price target to $24 from $14 for the U.S.-listed shares, and to 1,645p from 960p for the U.K.-listed shares. “Booking trends [are] resilient despite macroeconomic concerns, with CCL in a strong booked position,” HSBC said. The bank noted Carnival’s 38% year-over-year EBITDA growth in the first quarter, driven by a 7.3% increase in net yields and strong demand across itineraries. The company also raised its full-year EBITDA guidance by 2%, citing healthy forward bookings and “continued strength in onboard revenue.” HSBC acknowledged previous concerns around Carnival’s high leverage and slower recovery versus peers, but now sees those issues easing. “Profit recovery appears on track now, with EBITDA margins improving from 16% in Q1 23 to 21%,” analysts wrote. HSBC added that Carnival’s gearing has dropped from 6.5x in fiscal 2023 to approximately 4.3x in fiscal 2024, and it expects it to fall further to around 3.5x by fiscal 2025. While macroeconomic risks remain, HSBC believes cruise operators could outperform in a downturn due to lower capital expenditure requirements and more pricing flexibility than land-based competitors. “There remains a large value gap vs. land-based operators,” with cruise pricing roughly “25% lower,” analysts noted. HSBC concluded that key concerns in its earlier bear case have now been addressed and that Carnival’s shares are “fairly priced” at current levels. “We upgrade our ratings on both listings to Hold (from Reduce), aided by strong long-term growth prospects,” concluded HSBC.

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AIDA Cruises: Anpassung beim Aktionärs-Bordguthaben für VARIO-Buchungen ab Juni 2025 - HafenLiebe by etwas MEERzeit Der weltweit größte Kreuzfahrtanbieter, Carnival Corporation & plc, zu dessen Portfolio auch die beliebte deutsche Marke AIDA Cruises zählt, hat eine bedeutende Änderung bezüglich des Bordguthabens…

#Kreuzfahrtnachrichten | AIDA Cruises: Anpassung beim Aktionärs-Bordguthaben für VARIO-Buchungen ab Juni 2025

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Le croisiériste Carnival Corp revoit à la hausse ses prévisions de bénéfices en raison de la forte demande Principaux renseignements Le croisiériste Carnival Corp a dépassé les attentes en augmentant ses prévisions de bénéfices en raison de l’augmentation du prix des billets, des réservations anticipées robustes et des dépenses substantielles des clients à bord de leurs navires. Alors que les inquiétudes concernant la faiblesse potentielle des consommateurs persistent dans d’autres secteurs comme les […]

Le croisiériste Carnival Corp revoit à la hausse ses prévisions de bénéfices en raison de la forte demande #CarnivalCorp #croisière #bénéfices #tourisme #réservations

Cruiseorganisator Carnival Corp verhoogt winstverwachting door sterke boekingen Key takeaways Cruiseorganisator Carnival Corp overtrof de verwachtingen door haar winstverwachting te verhogen dankzij stijgende ticketprijzen, robuuste vooruitbetalingen en aanzienlijke uitgaven van klanten aan boord van hun schepen. Hoewel er bezorgdheid blijft bestaan over mogelijke zwakte van de consument in andere sectoren zoals luchtvaartmaatschappijen, sprak CEO Josh Weinstein van Carnival zijn vertrouwen uit in de […]

Cruiseorganisator Carnival Corp verhoogt winstverwachting door sterke boekingen #CarnivalCorp #CruiseIndustry #Winstverwachting #Boekingen #Toerisme

#TuesdayVibe - @cunardline.bsky.social #QueenMary2 departing Southampton at the start of another voyage in August 2017 - as viewed from Hythe. 📸🚢🌊🇬🇧

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Carnival discovers Asia with a duo of ships in 2026 bit.ly/40C4ZN4 #carnivalcruiseline
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