Carnival (NYSE:CCL) Rating Lowered to “Hold” at Wall Street Zen

Carnival (NYSE:CCL) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other equities analysts have also weighed in on the stock. Argus cut their price objective on shares of Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday. UBS Group set a $35.00 price objective on shares of Carnival and gave the company a “buy” rating in a research report on Wednesday. Loop Capital reissued a “hold” rating and issued a $22.00 price target on shares of Carnival in a research report on Monday, June 23rd. JPMorgan Chase & Co. lifted their price target on shares of Carnival from $34.00 to $39.00 and gave the company an “overweight” rating in a research report on Monday, September 15th. Finally, Stifel Nicolaus lifted their price target on shares of Carnival from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carnival has an average rating of “Moderate Buy” and an average price target of $32.90.

Carnival Price Performance

Shares of CCL opened at $28.56 on Friday. The firm has a market cap of $33.34 billion, a PE ratio of 14.87, a PEG ratio of 0.61 and a beta of 2.68. The firm’s 50 day moving average price is $30.42 and its 200 day moving average price is $25.48. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. Carnival has a twelve month low of $15.07 and a twelve month high of $32.80.

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

Insider Activity

In other 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 value of $371,875.00. Following the sale, the director owned 64,406 shares in the company, valued at approximately $1,916,078.50. This trade represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.60% of the company’s stock.

Institutional Investors Weigh In On Carnival

A number of institutional investors have recently bought and sold shares of the business. Jackson Wealth Management LLC acquired a new stake in Carnival during the third quarter worth $462,000. Aaron Wealth Advisors LLC boosted its stake in Carnival by 26.0% during the third quarter. Aaron Wealth Advisors LLC now owns 20,654 shares of the company’s stock worth $597,000 after buying an additional 4,268 shares in the last quarter. GAMMA Investing LLC boosted its stake in Carnival by 17.0% during the third quarter. GAMMA Investing LLC now owns 31,380 shares of the company’s stock worth $907,000 after buying an additional 4,567 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Carnival by 4.7% during the second quarter. Corient Private Wealth LLC now owns 209,771 shares of the company’s stock worth $5,899,000 after buying an additional 9,351 shares in the last quarter. Finally, Evolution Wealth Management Inc. acquired a new stake in Carnival during the second quarter worth $25,000. Institutional investors and hedge funds 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.