Carnival (NYSE:CCL) Price Target Raised to $32.00

Carnival (NYSE:CCL) had its target price lifted by Morgan Stanley from $30.00 to $32.00 in a research note published on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other equities analysts have also weighed in on CCL. Melius Research increased their target price on Carnival from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Argus reduced their price objective on shares of Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday. Zacks Research downgraded shares of Carnival from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Tigress Financial lifted their price target on shares of Carnival from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Finally, Mizuho upped their price objective on shares of Carnival from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, September 25th. Seventeen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Carnival presently has an average rating of “Moderate Buy” and an average price target of $32.90.

Carnival Trading Down 1.0%

CCL stock opened at $28.56 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10. Carnival has a twelve month low of $15.07 and a twelve month high of $32.80. The company has a market cap of $33.34 billion, a P/E ratio of 14.87, a PEG ratio of 0.61 and a beta of 2.68. The business has a fifty day moving average of $30.42 and a 200-day moving average of $25.48.

Carnival (NYSE:CCL) last issued its earnings results on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating 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 quarter last year, the firm earned $1.27 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. As a group, equities research analysts expect that Carnival will post 1.77 EPS for the current year.

Insider Activity

In related news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the sale, the director owned 64,406 shares of the company’s stock, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.60% of the company’s stock.

Hedge Funds Weigh In On Carnival

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jackson Wealth Management LLC acquired a new stake in shares of Carnival during the 3rd quarter worth about $462,000. Aaron Wealth Advisors LLC boosted its stake in Carnival by 26.0% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 20,654 shares of the company’s stock valued at $597,000 after purchasing an additional 4,268 shares during the period. GAMMA Investing LLC increased its position in Carnival by 17.0% during the 3rd quarter. GAMMA Investing LLC now owns 31,380 shares of the company’s stock worth $907,000 after buying an additional 4,567 shares during the period. Corient Private Wealth LLC raised its stake in Carnival by 4.7% in the 2nd quarter. Corient Private Wealth LLC now owns 209,771 shares of the company’s stock worth $5,899,000 after purchasing an additional 9,351 shares in the last quarter. Finally, Evolution Wealth Management Inc. bought a new stake in Carnival in the 2nd quarter valued at about $25,000. Institutional investors own 67.19% of the company’s stock.

About Carnival

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.