Carnival Corporation (NYSE:CCL) Receives $33.00 Consensus Target Price from Brokerages

Shares of Carnival Corporation (NYSE:CCL) have been assigned an average rating of “Moderate Buy” from the twenty-six research firms that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $33.00.

Several analysts have recently issued reports on CCL shares. Barclays boosted their price objective on shares of Carnival from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, September 17th. Citigroup boosted their price target on Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. TD Cowen initiated coverage on Carnival in a research note on Tuesday, July 22nd. They set a “buy” rating and a $36.00 price target for the company. Melius Research lifted their price objective on Carnival from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Finally, Tigress Financial boosted their target price on Carnival from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th.

Carnival Stock Down 1.9%

Shares of NYSE CCL opened at $26.39 on Tuesday. Carnival has a 12-month low of $15.07 and a 12-month high of $32.80. The company has a market capitalization of $30.81 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 0.57 and a beta of 2.67. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30. The firm’s 50-day moving average is $29.68 and its two-hundred day moving average is $27.11.

Carnival (NYSE:CCL) last released its quarterly earnings results on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.11. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The company had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $8.09 billion. During the same period in the previous year, the firm posted $1.27 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. Equities analysts anticipate that Carnival will post 1.77 EPS for the current fiscal year.

Institutional Trading of Carnival

Several large investors have recently modified their holdings of CCL. Mutual Advisors LLC grew its stake in Carnival by 16.6% during the 1st quarter. Mutual Advisors LLC now owns 24,730 shares of the company’s stock valued at $460,000 after purchasing an additional 3,521 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Carnival by 0.6% during the first quarter. Principal Financial Group Inc. now owns 1,233,963 shares of the company’s stock worth $24,099,000 after buying an additional 7,753 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Carnival by 15.9% in the first quarter. OneDigital Investment Advisors LLC now owns 17,945 shares of the company’s stock worth $350,000 after buying an additional 2,458 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in Carnival by 6.2% in the first quarter. IFM Investors Pty Ltd now owns 183,954 shares of the company’s stock valued at $3,399,000 after acquiring an additional 10,739 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Carnival by 2.5% during the 1st quarter. Bank of New York Mellon Corp now owns 5,987,895 shares of the company’s stock valued at $116,944,000 after acquiring an additional 146,352 shares during the last quarter. 67.19% of the stock is currently 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.