Carnival Corporation 3 Months Price Target Q2 2011

March 14, 2011 - PRLog -- Recent price: 39.84$
P/E Ratio: 16.20
3 Months Target Price: See Free Full Report

Company Description
According to Reuters, Carnival Corporation, incorporated in 1972, is a cruise and vacation company. The Company has a portfolio of cruise brands and is a provider of cruises to vacation destinations. The Company has two cruise segments: North America, and Europe, Australia & Asia (EAA). Its North America segment cruise brands include Carnival Cruise Lines, Holland America Line, Princess Cruises (Princess) and Seabourn. Its EAA segment cruise brands include AIDA Cruises (AIDA), Costa Cruises (Costa), Cunard, Ibero Cruises (Ibero), P&O Cruises (UK) and P&O Cruises (Australia). In addition to its cruise brands, the Company has a Cruise Support segment that includes its cruise port and related facilities located in Cozumel, Mexico; Grand Turk, Turks and Caicos Islands; Long Beach, California, and Roatan, Honduras. Cruise Support also includes other corporate-wide services. In addition to its cruise operations, the Company owns Holland America Princess Alaska Tours, which is a tour company in Alaska and the Canadian Yukon, which primarily complements its Alaska cruise operations. As of November 30, 2010, the tour company owned and operated, among other things, 15 hotels or lodges, with 3,420 guest rooms, 395 motorcoaches and 20 domed rail cars. As of November 30, 2010, the Company owned a 40% interest in Grand Bahamas Shipyard Ltd. (GBSL).

Recommendation
As a major cruise line, the company has recently suffered from the rise in energy prices. But as the market leader, with a 44% market share, Carnival corporation enjoys a competitive advantages and economies of scale that competitors do not. Also, the company unveiled poor results for it's first quarter of 2011 and this sent Carnival Coporation's stock plunging. As the market leader, the company remains positioned to fully take advantage of future price stabilization in the energy sector.

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