|Bid||145.29 x 0|
|Ask||145.37 x 0|
|Day's Range||145.01 - 146.32|
|52 Week Range||70.45 - 149.00|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||23.42|
|Earnings Date||May 07, 2021|
|Forward Dividend & Yield||2.70 (1.84%)|
|Ex-Dividend Date||Nov 16, 2020|
|1y Target Est||129.79|
Carnival Corporation (NYSE: CCL) (NYSE: CUK) -- outperform. Royal Caribbean (NYSE: RCL) -- you guessed it. Macquarie's timing is curious, coming just one day after both Norwegian and Royal Caribbean both basically admitted they are starved for cash.
Shares of Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) are all gaining this morning after investment bank Macquarie Group (ASX: MQG) boosted their ratings to outperform. Paul Golding, a Macquarie analyst, laid out the overall cruise industry bull case in a research note.
Chinese national banks and Australia's Macquarie Group are quietly filling some of the multi-billion-dollar hole in Asian oil financing after the withdrawal of traditional European lenders, hurt by a raft of defaults and fraud allegations. Established financiers still taking on oil transactions, such as France's BNP Paribas and Singapore's OCBC, have raised compliance standards and are shying away from higher-risk small traders and refiners, according to interviews with over a dozen trading and banking executives. Beijing-controlled Bank of China, ICBC Standard and Agricultural Bank of China are among the few institutions that are expanding credit in the sector, mostly as customers activate dormant lending facilities set up previously but left unused as they were viewed as too expensive or restrictive.