Wells Fargo & Company Begins Coverage on Carnival (NYSE:CCL)

Analysts at Wells Fargo & Company began coverage on shares of Carnival (NYSE:CCL) in a research report issued on Tuesday. The brokerage set an “overweight” rating and a $37.00 price target on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 45.81% from the stock’s current price.

Several other research firms also recently commented on CCL. Tigress Financial increased their price objective on Carnival from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Argus decreased their price objective on shares of Carnival from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. Mizuho boosted their price objective on shares of Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. JPMorgan Chase & Co. lifted their price target on Carnival from $34.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, September 15th. Finally, Bank of America boosted their price target on Carnival from $31.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.33.

Carnival Trading Down 2.5%

Carnival stock opened at $25.38 on Tuesday. The company has a market cap of $29.63 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 0.57 and a beta of 2.67. The firm has a 50-day moving average of $28.96 and a 200-day moving average of $27.63. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30. Carnival has a one year low of $15.07 and a one year high of $32.80.

Carnival (NYSE:CCL) last released its earnings results on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.11. The business had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.09 billion. Carnival had a return on equity of 27.86% and a net margin of 10.07%.Carnival’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company 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, equities analysts expect that Carnival will post 1.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. REAP Financial Group LLC grew its position in Carnival by 10.5% during the second quarter. REAP Financial Group LLC now owns 3,678 shares of the company’s stock valued at $103,000 after buying an additional 349 shares during the period. Eagle Wealth Strategies LLC grew its stake in Carnival by 1.4% in the 2nd quarter. Eagle Wealth Strategies LLC now owns 25,967 shares of the company’s stock valued at $730,000 after buying an additional 369 shares in the last quarter. 1834 Investment Advisors Co. grew its position in shares of Carnival by 1.6% in the second quarter. 1834 Investment Advisors Co. now owns 23,964 shares of the company’s stock valued at $674,000 after purchasing an additional 372 shares in the last quarter. Commonwealth Financial Services LLC grew its holdings in Carnival by 3.6% during the 3rd quarter. Commonwealth Financial Services LLC now owns 10,957 shares of the company’s stock valued at $317,000 after buying an additional 379 shares in the last quarter. Finally, Brooklyn Investment Group grew its stake in Carnival by 1.9% during the third quarter. Brooklyn Investment Group now owns 21,363 shares of the company’s stock valued at $618,000 after acquiring an additional 396 shares in the last quarter. 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.