It's aBoat time to buy Carnival

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   Carnival Cruise Line (CCL) is an international cruise line with its headquarters in Florida. It is one of the biggest cruise lines with a market cap of 31.85B.
   Carnival has an annual revenue of over 19 billion dollars this year, and has control of the cruise market with service to over 45% of the cruise passengers.
   Their stock price is around $46 after a 11% drop from around $52 a week ago. They also have a dividend yield of 4.3% making it have a higher yield than the other major cruise lines. They have a low P/E ratio of 10.94 which means that the stock is pretty cheap and that it has potential to grow and increase. The stock is also way below their 52-week high of $67.69 and is really close to their 52-week low of $44.76 which means that the stock is really low now and there is a high probability of the stock increasing because there is room to increase. Analysts predict a price target average of $54.70 or a high price target of $65 over the next 12 months.
    It is summer now so there would be an increase in traveling and especially by cruise ship which would help increase Carnival's revenue and profit because they control a large amount of the cruise market. A increase in revenue and profit would help Carnival's stock when they release their quarterly earnings report and beat expectations.
    The stock is so low-priced that even Carnival's CEO Arnold W. Donald bought almost 1 million dollars worth of Carnival stocks because he predicts that his stocks will increase.
     I would recommend you to buy Carnival Cruise because of its low price and low P/E ratio, and it controls a large amount of the cruise market helping bring in huge amounts of revenue helping spur increases in stock price.



Source: Macrotrends; Cruise Market Watch

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