Carnival (NYSE:CCL) Given New $32.00 Price Target at Morgan Stanley

Carnival (NYSE:CCL) had its price objective raised by Morgan Stanley from $30.00 to $32.00 in a report released on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other equities research analysts have also weighed in on CCL. JPMorgan Chase & Co. raised their price objective on shares of Carnival from $34.00 to $39.00 and gave the company an “overweight” rating in a report on Monday, September 15th. Argus cut their price target on shares of Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday. TD Cowen began coverage on shares of Carnival in a research note on Tuesday, July 22nd. They set a “buy” rating and a $36.00 price target on the stock. Zacks Research lowered shares of Carnival from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Finally, UBS Group set a $35.00 price target on shares of Carnival and gave the stock a “buy” rating in a research note on Wednesday. Seventeen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $32.90.

Carnival Price Performance

Shares of CCL opened at $28.40 on Wednesday. Carnival has a twelve month low of $15.07 and a twelve month high of $32.80. The firm’s fifty day simple moving average is $30.46 and its 200-day simple moving average is $25.37. The firm has a market capitalization of $33.15 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 0.60 and a beta of 2.69. 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 (NYSE:CCL) last announced its quarterly earnings data 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. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The business had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.09 billion. During the same period last year, the business earned $1.27 EPS. The company’s revenue was up 3.3% on a year-over-year basis. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. Equities analysts forecast that Carnival will post 1.77 EPS for the current fiscal year.

Insider Transactions at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were 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. This trade represents a 16.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 7.60% of the company’s stock.

Institutional Trading of Carnival

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Carnival by 6.0% in the second quarter. Vanguard Group Inc. now owns 126,663,493 shares of the company’s stock valued at $3,561,777,000 after acquiring an additional 7,157,739 shares in the last quarter. State Street Corp boosted its holdings in shares of Carnival by 3.5% in the second quarter. State Street Corp now owns 45,523,890 shares of the company’s stock valued at $1,280,132,000 after acquiring an additional 1,531,495 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Carnival by 7.4% in the second quarter. Geode Capital Management LLC now owns 27,617,014 shares of the company’s stock valued at $773,398,000 after acquiring an additional 1,906,110 shares in the last quarter. Causeway Capital Management LLC purchased a new stake in shares of Carnival in the first quarter valued at about $518,816,000. Finally, Nuveen LLC purchased a new stake in shares of Carnival in the first quarter valued at about $432,718,000. 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.