Tigress Financial Boosts Carnival (NYSE:CCL) Price Target to $42.00

Carnival (NYSE:CCLGet Free Report) had its price target hoisted by analysts at Tigress Financial from $40.00 to $42.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Tigress Financial’s target price would suggest a potential upside of 47.48% from the stock’s current price.

A number of other analysts have also commented on the company. William Blair reissued an “outperform” rating on shares of Carnival in a research note on Tuesday, March 3rd. Wells Fargo & Company raised their price objective on shares of Carnival from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. TD Cowen lifted their target price on shares of Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Zacks Research raised shares of Carnival from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Loop Capital began coverage on shares of Carnival in a research report on Monday, June 1st. They issued a “buy” rating and a $36.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.23.

View Our Latest Report on CCL

Carnival Price Performance

Shares of NYSE:CCL traded down $0.71 during trading on Tuesday, hitting $28.48. 12,077,924 shares of the company were exchanged, compared to its average volume of 25,971,787. Carnival has a 1-year low of $23.45 and a 1-year high of $34.03. The company has a market capitalization of $35.28 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 1.28 and a beta of 2.32. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.80. The business’s 50 day moving average is $27.40 and its 200-day moving average is $28.45.

Carnival (NYSE:CCLGet Free Report) last released its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.69 billion. Carnival had a return on equity of 26.11% and a net margin of 11.24%.Carnival’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the business 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. Equities analysts forecast that Carnival will post 2.22 earnings per share for the current year.

Insider Activity at Carnival

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $28.10, for a total transaction of $1,209,929.80. Following the completion of the sale, the insider owned 69,238 shares of the company’s stock, valued at approximately $1,945,587.80. This represents a 38.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sir Jonathon Band sold 11,988 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total transaction of $313,965.72. Following the transaction, the director owned 52,601 shares of the company’s stock, valued at approximately $1,377,620.19. The trade was a 18.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 55,046 shares of company stock worth $1,523,896 over the last quarter. 7.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Carnival

Hedge funds and other institutional investors have recently bought and sold shares of the company. Swedbank AB raised its position in shares of Carnival by 10.0% in the 4th quarter. Swedbank AB now owns 519,939 shares of the company’s stock worth $15,879,000 after acquiring an additional 47,070 shares in the last quarter. Vanguard Group Inc. grew its stake in Carnival by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 128,133,282 shares of the company’s stock worth $3,913,190,000 after purchasing an additional 368,445 shares during the period. Russell Investments Group Ltd. grew its stake in Carnival by 5.6% during the third quarter. Russell Investments Group Ltd. now owns 1,774,765 shares of the company’s stock worth $51,867,000 after purchasing an additional 93,565 shares during the period. Nordea Investment Management AB increased its holdings in Carnival by 42.8% in the fourth quarter. Nordea Investment Management AB now owns 2,126,893 shares of the company’s stock worth $65,487,000 after purchasing an additional 637,605 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Carnival by 5.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,252,014 shares of the company’s stock valued at $69,632,000 after buying an additional 109,474 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

About Carnival

(Get Free Report)

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.

See Also

Analyst Recommendations for Carnival (NYSE:CCL)

Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.