Carnival Cruise Line's Most Recent Announcement May Surprise Some Investors
Carnival Corporation's (NYSE: CCL) CEO recently made a surprising announcement. Despite the company's tremendous debt, it has no plans to issue shares to pay down its obligations. Such news likely relieves its shareholders, who understandably feared further share dilution.
However, cruise line stocks like Carnival still have a long road to recovery from the damage caused by the pandemic. Hence, the question for investors is whether this decision not to add shares makes Carnival a buy.
The surprising news came when CEO Josh Weinstein told Yahoo! Finance at the 2023 Milken Institute Global Conference that Carnival had no plans to sell more shares of the stock. Weinstein added that bookings for the summer travel season have improved, so much so that it just experienced the greatest number of bookings in its history over a three-month period.
Source Fool.com
Carnival plc Stock
The community is currently still undecided about Carnival plc with 1 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 13 € is below the current price of 13.41 € for Carnival plc, so the potential is actually -3.06%.
