Carnival (NYSE:CCL) Price Target Raised to $31.00 at Truist Financial

Carnival (NYSE:CCL) had its price target upped by Truist Financial from $29.00 to $31.00 in a research report report published on Thursday,Benzinga reports. They currently have a hold rating on the stock.

CCL has been the subject of a number of other reports. Wall Street Zen lowered Carnival from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Zacks Research upgraded shares of Carnival from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Melius Research set a $36.00 price objective on shares of Carnival in a report on Wednesday, June 17th. Loop Capital started coverage on shares of Carnival in a research report on Monday, June 1st. They issued a “buy” rating and a $36.00 price objective for the company. Finally, Citigroup boosted their target price on shares of Carnival from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $35.08.

Carnival Stock Down 3.0%

NYSE CCL opened at $25.32 on Thursday. The firm has a market cap of $34.68 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 1.15 and a beta of 2.32. Carnival has a one year low of $23.45 and a one year high of $34.03. The stock’s 50 day simple moving average is $27.48 and its 200 day simple moving average is $28.08. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.29.

Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.69 billion. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The business’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. As a group, sell-side analysts forecast that Carnival will post 2.23 earnings per share for the current fiscal year.

Carnival Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.4%. Carnival’s dividend payout ratio is 27.03%.

Insider Activity

In other news, insider Bettina Alejandra Deynes sold 43,058 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $28.10, for a total value of $1,209,929.80. Following the transaction, the insider directly owned 69,238 shares in the company, valued at $1,945,587.80. This trade represents a 38.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Carnival

Hedge funds have recently added to or reduced their stakes in the stock. BOCHK Asset Management Ltd acquired a new position in shares of Carnival during the 4th quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Carnival in the 3rd quarter valued at approximately $25,000. Lloyd Advisory Services LLC. bought a new position in Carnival during the 4th quarter worth approximately $26,000. Newbridge Financial Services Group Inc. boosted its stake in Carnival by 381.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company’s stock worth $29,000 after acquiring an additional 762 shares during the last quarter. Finally, Optima Capital LLC acquired a new position in Carnival during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Key Carnival News

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Carnival unveiled Carnival Destiny, the first ship in its new Ace Class fleet, giving the company a fresh platform to showcase new ship design, guest experiences, and itineraries tied to the Caribbean, Bahamas, and Mexico. Carnival (CCL) Unveils Ace Class Debut With Carnival Destiny
• Positive Sentiment: Truist raised its price target on Carnival to $31 from $29, signaling continued analyst confidence in the stock’s upside potential even while keeping a hold rating. Truist price target update on Carnival
• Positive Sentiment: Commentary from analysts and recent coverage pointed to strong bookings, improved balance-sheet health, and fuel-efficiency gains as reasons the company could remain resilient despite macro and geopolitical headwinds. Carnival: Fuel/Demand Risks Depress Near-Term Recovery Prospects; Contrarian Buy
• Neutral Sentiment: Recent articles framed Carnival as still working through a post-earnings pullback, with questions about whether the stock can rebound after falling since its last report. Carnival (CCL) Down 9.7% Since Last Earnings Report: Can It Rebound?
• Negative Sentiment: Investors continue to weigh fuel and demand risks that could pressure near-term recovery prospects, even though those concerns may already be reflected in guidance and valuation. Carnival: Fuel/Demand Risks Depress Near-Term Recovery Prospects; Contrarian Buy

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.