Carnival (NYSE:CCL) Price Target Cut to $35.00 by Analysts at UBS Group

Carnival (NYSE:CCL) had its target price decreased by UBS Group from $38.00 to $35.00 in a research report sent to investors on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

CCL has been the subject of several other research reports. Morgan Stanley raised shares of Carnival from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $33.00 to $31.00 in a research note on Thursday, March 19th. Stifel Nicolaus dropped their price target on shares of Carnival from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Weiss Ratings raised shares of Carnival from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Carnival from $33.00 to $34.00 and gave the company a “hold” rating in a research note on Monday, December 22nd. Finally, Barclays dropped their price target on shares of Carnival from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.04.

Carnival Stock Performance

Shares of Carnival stock opened at $27.76 on Monday. Carnival has a fifty-two week low of $17.05 and a fifty-two week high of $34.03. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.30 and a quick ratio of 0.26. The firm has a market capitalization of $34.39 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.23 and a beta of 2.48. The company’s 50 day moving average price is $28.32 and its two-hundred day moving average price is $28.45.

Carnival (NYSE:CCL) last issued its earnings results on Friday, March 27th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $0.13 earnings per share. On average, equities analysts forecast that Carnival will post 1.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 11,988 shares of Carnival stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.19, for a total transaction of $313,965.72. Following the completion of the transaction, the director owned 52,601 shares of the company’s stock, valued at $1,377,620.19. This trade represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Carnival

A number of hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its stake in Carnival by 70.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 696,693 shares of the company’s stock worth $21,277,000 after buying an additional 287,413 shares during the last quarter. World Investment Advisors raised its stake in Carnival by 65.1% during the fourth quarter. World Investment Advisors now owns 24,451 shares of the company’s stock worth $747,000 after buying an additional 9,644 shares during the last quarter. Corient Private Wealth LLC raised its stake in Carnival by 23.8% during the fourth quarter. Corient Private Wealth LLC now owns 276,752 shares of the company’s stock worth $8,452,000 after buying an additional 53,275 shares during the last quarter. Auto Owners Insurance Co raised its stake in Carnival by 2,954.0% during the fourth quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company’s stock worth $60,625,000 after buying an additional 19,201,000 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in Carnival by 26.7% during the fourth quarter. Hsbc Holdings PLC now owns 1,806,036 shares of the company’s stock worth $55,245,000 after buying an additional 380,391 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival News Roundup

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: UBS cut its price target to $35 from $38 but kept a “Buy” rating, implying material upside from current levels — a supportive analyst stance that can limit downside and attract buyers. UBS Price Target Note (Benzinga)
• Neutral Sentiment: Coverage piece explaining today’s slide as stock-specific rotation and chart consolidation after an earlier-year rally rather than a broad market selloff — suggests technical/positioning factors are at work. Carnival Stock Is Sliding Today (Benzinga)
• Neutral Sentiment: Review of Wall Street’s bullish analyst views — multiple buy/overweight ratings exist, which supports medium-term upside but does not negate near-term volatility. Is It Worth Investing in Carnival (Zacks)
• Neutral Sentiment: Zacks notes record 2026 bookings and strong onboard spend (demand tailwinds) but highlights a roughly $500M fuel impact and uneven Europe trends — a mixed fundamental picture where strong demand could be offset by higher operating costs. Record Bookings vs Fuel Headwinds (Zacks)
• Negative Sentiment: Oil rebounded above $100 and renewed bunker‑fuel cost worries for cruise operators, cited as a near-term catalyst for today’s weakness; the same report also flags recent insider sales and sizable institutional position changes. Carnival Slips as Oil Rebounds (QuiverQuant)
• Negative Sentiment: Zacks/other outlets have also run pieces with more cautious near‑term earnings outlooks, which can weigh on sentiment until clarity on fuel impacts and regional demand arrives. Zacks Research Negative Outlook (AmericanBankingNews)

About Carnival

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.