Carnival Corporation & plc (CCL) Advances Fleet Efficiency and Growth Strategy

Carnival Corporation & plc (NYSE:CCL) is one of the high-growth, low P/E stocks to buy now. On February 6, Carnival Corporation & plc (NYSE:CCL) entered into a global service contract with Evac Group. The contract is for the provision of preventive annual maintenance and lifecycle services for Evac systems installed across the company’s eight cruise lines.

Under the terms of the agreement, Evac Group is to conduct planned maintenance and harmonize operational practices across cruise lines. The measure seeks to reduce and alleviate unplanned outages and to support Carnival Corp’s decarbonization efforts. The agreement marks an important milestone in the company’s push to safeguard the performance of its environmental systems.

‘By partnering with Evac as the original equipment supplier, we can leverage technology for a more proactive fleet-level approach that supports our operational and decarbonisation objectives efficiently and also helps ensure a smoother, more reliable onboard experience for our guests by reducing the chance of system-related disruptions.’

Earlier, on January 13, UBS reiterated its Buy rating on Carnival Corporation with a $38 price target. The positive stance comes amid expectations that the company will achieve yield growth ahead of guidance. The research firm expects the company to deliver 2.8% year-over-year growth, ahead of the 2.5% expected.

Carnival Corporation & plc (NYSE:CCL) is the world’s largest leisure travel company, operating a global fleet of over 90 ships across nine distinct cruise brands. It provides curated, all-inclusive vacation experiences, managing logistics, dining, and entertainment for millions of passengers annually.

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Disclosure: None. This article is originally published at Insider Monkey.