Carnival Corp stock hits 52-week high at 31.01 USD

Carnival (NYSE:CCL) Corp stock has reached a new 52-week high, touching 31.01 USD, with the cruise line operator now commanding a market capitalization of $40.66 billion. According to InvestingPro data, the stock shows notably high volatility with a beta of 2.71. This milestone reflects a significant recovery and growth for the company over the past year. Over the last 12 months, Carnival Corp has seen a remarkable 86.63% increase in its stock price, supported by solid fundamentals including 10.82% revenue growth. The stock currently trades at a P/E ratio of 15.86, though InvestingPro’s Fair Value analysis suggests slight overvaluation at current levels. This upward trajectory highlights investor confidence and a resurgence in the cruise industry, following challenges faced during the pandemic. The 52-week high underscores the company’s strong performance and positive market sentiment. For deeper insights into Carnival Corp’s valuation and growth prospects, including 12 additional exclusive ProTips, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Carnival Corporation (LON:CCL) announced plans to redeem approximately $322 million of its 5.750% senior unsecured notes due in 2027. The redemption is scheduled for August 29, 2025, at a price equal to 100% of the principal amount, including any applicable make-whole premium and accrued interest. Additionally, Carnival has closed a $3 billion private offering of 5.75% senior unsecured notes due 2032. The proceeds from this offering will be used to repay borrowings under a term loan facility and redeem $2.4 billion of the 2027 notes. TD Cowen has initiated coverage on Carnival with a Buy rating, highlighting the company’s focus on yield optimization and margin improvement. Goldman Sachs also reiterated its Buy rating, citing demand growth following meetings with Carnival executives. These developments reflect Carnival’s ongoing financial strategies and investor interest.

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