Barclays Issues Positive Forecast for Carnival (NYSE:CCL) Stock Price

Carnival (NYSE:CCL) had its price target upped by Barclays from $33.00 to $37.00 in a research report report published on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other equities research analysts have also recently weighed in on CCL. Morgan Stanley lifted their price objective on shares of Carnival from $21.00 to $24.00 and gave the company an “equal weight” rating in a research note on Thursday, June 26th. Truist Financial lifted their price objective on shares of Carnival from $27.00 to $31.00 and gave the company a “hold” rating in a research note on Monday, July 21st. Zacks Research cut shares of Carnival from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. TD Cowen initiated coverage on shares of Carnival in a research note on Tuesday, July 22nd. They set a “buy” rating and a $36.00 price objective on the stock. Finally, Stifel Nicolaus lifted their price objective on shares of Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Carnival presently has a consensus rating of “Moderate Buy” and an average target price of $31.63.

Carnival Stock Performance

CCL stock opened at $31.13 on Wednesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34. The stock has a market capitalization of $36.34 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 0.70 and a beta of 2.70. Carnival has a 1 year low of $15.07 and a 1 year high of $32.80. The stock’s fifty day moving average is $30.32 and its two-hundred day moving average is $24.70.

Carnival (NYSE:CCL) last posted its earnings results 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. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The company had revenue of $6.33 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same period last year, the business posted $0.11 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. On average, research analysts predict that Carnival will post 1.77 EPS for the current year.

Insiders Place Their Bets

In other Carnival 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 transaction of $371,875.00. Following the transaction, the director owned 64,406 shares of the company’s stock, valued at $1,916,078.50. The trade was a 16.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Carnival

Institutional investors and hedge funds have recently bought and sold shares of the business. N.E.W. Advisory Services LLC purchased a new position in Carnival during the 1st quarter valued at about $25,000. Evolution Wealth Management Inc. purchased a new position in Carnival during the 2nd quarter valued at about $25,000. Graybill Wealth Management LTD. purchased a new position in Carnival during the 1st quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in Carnival during the 2nd quarter valued at about $28,000. Finally, Orion Capital Management LLC purchased a new position in Carnival during the 4th quarter valued at about $30,000. 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.