Up 50%, Is It Too Late to Buy Carnival?
Carnival (NYSE: CCL) (NYSE: CUK) had a difficult time during the earlier stages of the pandemic. The world's biggest cruise ship operator anchored its ships -- and it shifted from a profit to a loss. At the same time, the stock plummeted. And investors wondered when, if ever, the cruising giant would recover.
Fast-forward to today. Carnival has seen a rebound in demand, it's making its way back to profitability, and the shares are soaring. So far this year, Carnival stock has climbed more than 50%. Now investors might be asking themselves a new question: Considering the gains, is it too late to get in on the Carnival story? Let's find out.
As I mentioned above, early pandemic days weighed heavily on Carnival. Not only did the health crisis wipe out profit, it also lifted debt. To maintain its ships and hang on through the period of halted operations, Carnival had to increase its borrowings. So, while profit shifted to a loss, debt soared.
Source Fool.com
Carnival plc Stock
The community is currently still undecided about Carnival plc with 1 Buy predictions and 0 Sell predictions.
With a target price of 14 € there is a slightly positive potential of 4.75% for Carnival plc compared to the current price of 13.37 €.
