Carnival Corporation (NYSE:CCL) Stock Has Average Target Price of $34.16 According to Analysts

Shares of Carnival Corporation (NYSE:CCL) have been given an average rating of “Moderate Buy” by the thirty-one ratings firms that are covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $34.16.

CCL has been the subject of a number of analyst reports. Mizuho decreased their price objective on shares of Carnival from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Wednesday, September 30th. Jefferies Financial Group dropped their target price on Carnival from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. Wells Fargo & Company dropped their target price on Carnival from $36.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, October 1st. Citigroup cut their price target on Carnival from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. Finally, Susquehanna reduced their price target on Carnival from $33.00 to $28.00 and set a “positive” rating for the company in a report on Wednesday, September 30th.

Carnival Price Performance

NYSE:CCL opened at $29.20 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.27 and a quick ratio of 0.23. The firm has a market cap of $39.26 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 1.25 and a beta of 2.48. The company has a 50 day moving average price of $25.92 and a 200-day moving average price of $27.17. Carnival has a 1-year low of $21.45 and a 1-year high of $34.03.

Carnival (NYSE:CCL) last posted its earnings results on Tuesday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.08. Carnival had a net margin of 11.37% and a return on equity of 24.83%. The firm had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the previous year, the business posted $1.43 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. Equities research analysts forecast that Carnival will post 2.26 EPS for the current year.

Carnival Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 6th will be given a $0.15 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. Carnival’s payout ratio is 26.20%.

Insider Buying and Selling at Carnival

In other news, Director Helen Deeble sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $27.75, for a total transaction of $693,750.00. Following the transaction, the director owned 63,505 shares in the company, valued at $1,762,263.75. This trade represents a 28.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 7.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Carnival

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCL. Envestnet Asset Management Inc. grew its holdings in shares of Carnival by 330.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,827,261 shares of the company’s stock valued at $109,345,000 after purchasing an additional 2,938,650 shares in the last quarter. Amundi lifted its holdings in Carnival by 67.3% during the 2nd quarter. Amundi now owns 6,770,304 shares of the company’s stock worth $193,428,000 after buying an additional 2,723,171 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Carnival by 3,458.1% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,527,262 shares of the company’s stock valued at $39,526,000 after buying an additional 1,484,338 shares during the period. Hound Partners LLC raised its stake in shares of Carnival by 27.9% in the first quarter. Hound Partners LLC now owns 4,514,839 shares of the company’s stock valued at $116,844,000 after acquiring an additional 985,772 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Carnival by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 15,904,029 shares of the company’s stock worth $411,372,000 after purchasing an additional 834,885 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Company Profile

Carnival Corporation & plc is a global cruise company that operates cruise lines and provides ship-based vacations. Its brands include Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, AIDA Cruises, Costa Cruises, and P&O Cruises. The company’s offerings include cruise itineraries, onboard accommodations, dining and entertainment, as well as shore excursions and other guest experiences. Its ships serve destinations across regions including the Caribbean, Europe, Alaska, Australia and Asia.