Carnival (NYSE:CCL) Shares Down 4.7% – Here’s What Happened

Carnival Corporation (NYSE:CCL) dropped 4.7% on Monday . The company traded as low as $25.03 and last traded at $25.3190. Approximately 17,539,088 shares traded hands during trading, a decline of 23% from the average daily volume of 22,918,258 shares. The stock had previously closed at $26.56.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Zacks Research upgraded Carnival from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Morgan Stanley lifted their target price on Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Tigress Financial upped their price target on shares of Carnival from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Mizuho raised their price target on shares of Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Finally, Stifel Nicolaus boosted their price objective on shares of Carnival from $34.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.70.

Carnival Stock Down 0.9%

The firm’s 50-day moving average price is $28.25 and its 200 day moving average price is $27.88. 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 company has a market capitalization of $29.75 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.57 and a beta of 2.67.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CCL. N.E.W. Advisory Services LLC acquired a new position in Carnival during the 1st quarter worth approximately $25,000. Evolution Wealth Management Inc. bought a new stake in shares of Carnival during the second quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Carnival during the third quarter worth $25,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Carnival in the 2nd quarter valued at $28,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Carnival by 182.0% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,021 shares of the company’s stock valued at $30,000 after acquiring an additional 659 shares in the last quarter. Institutional investors and hedge funds 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.