Brokerages Set Carnival Corporation (NYSE:CCL) Price Target at $32.90

Carnival Corporation (NYSE:CCL) has received a consensus rating of “Moderate Buy” from the twenty-six research firms that are covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $32.9048.

Several analysts have issued reports on CCL shares. Citigroup upped their price target on shares of Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Wall Street Zen downgraded shares of Carnival from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Mizuho upped their price target on shares of Carnival from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. Argus reduced their price target on shares of Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, September 30th. Finally, Truist Financial upped their price target on shares of Carnival from $27.00 to $31.00 and gave the company a “hold” rating in a report on Monday, July 21st.

Insider Activity

In related news, Director Sir Jonathon Band sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total transaction of $371,875.00. Following the transaction, the director owned 64,406 shares of the company’s stock, valued at approximately $1,916,078.50. This represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 7.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Carnival

Institutional investors and hedge funds have recently modified their holdings of the company. New Century Financial Group LLC lifted its stake in shares of Carnival by 375.7% during the second quarter. New Century Financial Group LLC now owns 72,140 shares of the company’s stock valued at $2,029,000 after buying an additional 56,976 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Carnival by 31.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,160 shares of the company’s stock valued at $2,427,000 after buying an additional 28,890 shares during the period. IFM Investors Pty Ltd lifted its stake in shares of Carnival by 6.2% during the first quarter. IFM Investors Pty Ltd now owns 183,954 shares of the company’s stock valued at $3,399,000 after buying an additional 10,739 shares during the period. Mount Lucas Management LP lifted its stake in shares of Carnival by 42.5% during the first quarter. Mount Lucas Management LP now owns 65,754 shares of the company’s stock valued at $1,284,000 after buying an additional 19,601 shares during the period. Finally, Personal CFO Solutions LLC purchased a new position in shares of Carnival during the first quarter valued at approximately $196,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Trading Down 2.6%

Shares of CCL opened at $27.71 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. The firm’s 50-day moving average is $30.31 and its two-hundred day moving average is $25.80. Carnival has a twelve month low of $15.07 and a twelve month high of $32.80. The firm has a market capitalization of $32.35 billion, a P/E ratio of 14.43, a PEG ratio of 0.58 and a beta of 2.68.

Carnival (NYSE:CCL) last issued its earnings results on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.11. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The company had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.09 billion. During the same period in the prior year, the business posted $1.27 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. On average, research analysts predict that Carnival will post 1.77 earnings per share for the current fiscal year.

Carnival Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.