Carnival (NYSE:CCL) Given New $36.00 Price Target at Melius Research

Carnival (NYSE:CCL) had its price objective boosted by Melius Research from $30.00 to $36.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

CCL has been the subject of a number of other research reports. Stifel Nicolaus upped their price objective on Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Loop Capital reiterated a “hold” rating and set a $22.00 price target on shares of Carnival in a research note on Monday, June 23rd. Tigress Financial increased their price target on Carnival from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Morgan Stanley increased their price target on Carnival from $21.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 26th. Finally, Truist Financial increased their price target on Carnival from $27.00 to $31.00 and gave the stock a “hold” rating in a research note on Monday, July 21st. Fifteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Carnival currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.42.

Carnival Stock Down 0.9%

Shares of NYSE:CCL opened at $31.22 on Monday. The company has a market capitalization of $36.45 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 0.70 and a beta of 2.70. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. The business has a fifty day moving average price of $30.22 and a two-hundred day moving average price of $24.61. Carnival has a 1 year low of $15.07 and a 1 year high of $32.80.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The firm had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.20 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. Analysts forecast that Carnival will post 1.77 earnings per share for the current year.

Insider Transactions at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total transaction 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. This represents a 16.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 7.60% of the company’s stock.

Institutional Trading of Carnival

Institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Carnival by 31.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,160 shares of the company’s stock worth $2,427,000 after purchasing an additional 28,890 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in shares of Carnival by 6.2% in the 1st quarter. IFM Investors Pty Ltd now owns 183,954 shares of the company’s stock valued at $3,399,000 after acquiring an additional 10,739 shares in the last quarter. Mount Lucas Management LP raised its holdings in shares of Carnival by 42.5% in the 1st quarter. Mount Lucas Management LP now owns 65,754 shares of the company’s stock valued at $1,284,000 after acquiring an additional 19,601 shares in the last quarter. Personal CFO Solutions LLC purchased a new stake in shares of Carnival in the 1st quarter valued at about $196,000. Finally, OLD National Bancorp IN raised its holdings in shares of Carnival by 103.4% in the 1st quarter. OLD National Bancorp IN now owns 310,142 shares of the company’s stock valued at $6,057,000 after acquiring an additional 157,695 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.