These 2 Stocks Might Be Getting a Little Too Expensive
Cruising can be a lot of fun and consumers have been increasingly turning to the vacation option. That trend is unlikely to change over the long term, but there's an important wrinkle here that investors shouldn't ignore when looking at industry leaders Carnival Corp. (NYSE: CCL) and Royal Caribbean Cruises (NYSE: RCL). Read this before you buy either of these stocks.
Carnival's stock has experienced a dramatic rise of around 85% over the past year. Royal Caribbean shares have done even better, up more than 120%. For comparison, the S&P 500 index has advanced roughly 20% over the same span, which most investors would consider a very compelling performance. The two cruise lines put the market's gain to shame.
Source Fool.com
Carnival plc Stock
€13.32
0.190%
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 13.32 € for Carnival plc, so the potential is actually -2.4%.
