Carnival (NYSE:CCL) Sets New 52-Week Low – Here’s What Happened

Posted by Francis Steltz on Sep 17th, 2026

Carnival Corporation (NYSE:CCL – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $22.11 and last traded at $22.5550, with a volume of 17637164 shares. The stock had previously closed at $22.75.

Key Headlines Impacting Carnival

Here are the key news stories impacting Carnival this week:

Positive Sentiment: Stifel called Carnival’s recent selloff excessive and recommended buying the shares ahead of earnings. The firm believes the market is underappreciating Carnival’s growth outlook, providing a potential catalyst if the company delivers strong bookings, pricing, or guidance. Carnival selloff overdone, a buying opportunity into earnings: Stifel
Neutral Sentiment: Carnival formally scheduled its third-quarter earnings conference call for Sept. 29 at 10:00 a.m. ET. The event gives investors a near-term catalyst, but expectations and management commentary on demand, pricing, costs, and full-year guidance will likely determine the stock’s next direction. Carnival third-quarter earnings conference call announcement
Negative Sentiment: Wells Fargo reduced its Carnival price target while warning that pricing pressure in the Caribbean could weigh on near-term results. Although the firm remains bullish on Carnival’s longer-term growth and still sees substantial upside, the downgrade contributed to weakness across cruise stocks. Wells Fargo trims Carnival target on Caribbean pricing pressure
Negative Sentiment: Analyst caution has intensified, with Deutsche Bank reportedly taking a more measured near-term view despite Carnival’s history of earnings beats. The stock has also fallen to a new 52-week low and is down substantially this year, reflecting concerns that strong cruise demand may not fully offset weaker pricing, elevated leverage, and broader consumer-cyclical risks. Why Is Carnival Stock Down 26% This Year?

Analysts Set New Price Targets

Several research analysts recently commented on CCL shares. Weiss Ratings lowered shares of Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 10th. TD Cowen upgraded shares of Carnival to a “strong-buy” rating in a research note on Tuesday, September 8th. Truist Financial increased their price objective on shares of Carnival from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Tigress Financial raised their target price on shares of Carnival from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Finally, Freedom Capital upgraded shares of Carnival to a “strong-buy” rating in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.42.

View Our Latest Analysis on CCL

Carnival Trading Up 1.1%

The firm has a market cap of $30.60 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 0.96 and a beta of 2.31. 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 has a 50 day moving average price of $26.00 and a 200-day moving average price of $26.65.

Carnival (NYSE:CCL – Get Free Report) last released its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $6.66 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company 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, research analysts expect that Carnival Corporation will post 2.22 EPS for the current fiscal year.

Carnival Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, August 7th. Carnival’s payout ratio is presently 27.03%.

Institutional Investors Weigh In On Carnival

A number of large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its stake in Carnival by 25.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 69,664 shares of the company’s stock worth $1,990,000 after buying an additional 14,273 shares during the period. Tidal Investments LLC boosted its position in Carnival by 37.1% in the 2nd quarter. Tidal Investments LLC now owns 130,662 shares of the company’s stock valued at $3,733,000 after buying an additional 35,373 shares during the last quarter. Van Hulzen Asset Management LLC acquired a new stake in shares of Carnival during the second quarter valued at about $246,000. Archford Capital Strategies LLC purchased a new stake in shares of Carnival during the second quarter worth about $634,000. Finally, National Pension Service increased its position in shares of Carnival by 8.7% during the second quarter. National Pension Service now owns 3,228,771 shares of the company’s stock worth $92,246,000 after acquiring an additional 258,460 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

About Carnival

(Get Free Report)

Carnival Corporation & plc is a global leisure travel company that operates cruise lines and related vacation businesses. Its cruise brands serve travelers in North America, Europe, Australia, and other international markets, offering ocean voyages to destinations throughout the Caribbean, Europe, Alaska, Asia, Australia, and other regions.

The company’s brand portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises, and P&O Cruises Australia.