Carnival (NYSE:CCL) Upgraded at Wells Fargo & Company

Carnival (NYSE:CCL) was upgraded by analysts at Wells Fargo & Company to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research firms also recently weighed in on CCL. Susquehanna increased their target price on Carnival from $30.00 to $35.00 and gave the company a “positive” rating in a report on Tuesday, September 30th. Morgan Stanley increased their price objective on shares of Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. UBS Group set a $35.00 price objective on shares of Carnival and gave the stock a “buy” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. upped their target price on shares of Carnival from $34.00 to $39.00 and gave the company an “overweight” rating in a report on Monday, September 15th. Finally, TD Cowen initiated coverage on shares of Carnival in a research report on Tuesday, July 22nd. They issued a “buy” rating and a $36.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.33.

Carnival Trading Up 1.2%

Shares of CCL stock opened at $26.08 on Monday. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. Carnival has a 12-month low of $15.07 and a 12-month high of $32.80. The stock has a market capitalization of $30.45 billion, a P/E ratio of 13.58, a P/E/G ratio of 0.57 and a beta of 2.67. The firm’s 50 day moving average is $28.74 and its 200 day moving average is $27.66.

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

Hedge Funds Weigh In On Carnival

Large investors have recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new position in shares of Carnival in the first quarter valued at about $25,000. Evolution Wealth Management Inc. purchased a new stake in shares of Carnival during the second quarter worth about $25,000. Measured Wealth Private Client Group LLC bought a new stake in Carnival during the 3rd quarter valued at approximately $25,000. Oliver Lagore Vanvalin Investment Group purchased a new position in Carnival in the 2nd quarter worth approximately $28,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Carnival by 182.0% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,021 shares of the company’s stock worth $30,000 after purchasing an additional 659 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

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.