Carnival (NYSE:CCL) Given New $35.00 Price Target at Argus

Carnival (NYSE:CCL) had its price target reduced by Argus from $40.00 to $35.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently weighed in on CCL. Tigress Financial increased their price target on shares of Carnival from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Truist Financial increased their price target on shares of Carnival from $27.00 to $31.00 and gave the stock a “hold” rating in a research note on Monday, July 21st. Loop Capital reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Carnival in a research note on Monday, June 23rd. Stifel Nicolaus lifted their price objective on Carnival from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Finally, Zacks Research lowered Carnival from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Sixteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.35.

Carnival Trading Down 1.7%

NYSE CCL opened at $28.91 on Tuesday. Carnival has a 12 month low of $15.07 and a 12 month high of $32.80. The company has a 50-day moving average of $30.51 and a 200-day moving average of $25.35. 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 company has a market cap of $33.75 billion, a P/E ratio of 15.06, a P/E/G ratio of 0.61 and a beta of 2.70.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Monday, September 29th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. The company had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.09 billion. Carnival had a net margin of 10.07% and a return on equity of 29.66%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. As a group, equities analysts predict that Carnival will post 1.77 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 12,500 shares of the business’s stock in a transaction that occurred on 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 directly owned 64,406 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Company insiders own 7.60% of the company’s stock.

Hedge Funds Weigh In On Carnival

A number of institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC raised its position in shares of Carnival by 4.7% in the 2nd quarter. Corient Private Wealth LLC now owns 209,771 shares of the company’s stock valued at $5,899,000 after purchasing an additional 9,351 shares in the last quarter. Evolution Wealth Management Inc. acquired a new position in shares of Carnival in the 2nd quarter valued at approximately $25,000. Orion Porfolio Solutions LLC raised its position in shares of Carnival by 6.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 11,675 shares of the company’s stock valued at $328,000 after purchasing an additional 726 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Carnival by 59.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 65,598 shares of the company’s stock valued at $1,845,000 after purchasing an additional 24,530 shares in the last quarter. Finally, Silverlake Wealth Management LLC raised its position in shares of Carnival by 5.7% in the 2nd quarter. Silverlake Wealth Management LLC now owns 91,010 shares of the company’s stock valued at $2,559,000 after purchasing an additional 4,908 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

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.