Carnival (NYSE:CCL) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Carnival (NYSE:CCL) from a buy rating to a hold rating in a research note released on Saturday morning.

Other analysts also recently issued reports about the stock. Melius Research raised their price objective on shares of Carnival from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Susquehanna raised their price objective on shares of Carnival from $30.00 to $35.00 and gave the company a “positive” rating in a research report on Tuesday, September 30th. Citigroup raised their price objective on shares of Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Carnival in a research report on Saturday, September 27th. Finally, Bank of America raised their price objective on shares of Carnival from $31.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Seventeen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Carnival presently has an average rating of “Moderate Buy” and an average target price of $32.90.

Carnival Stock Up 1.7%

CCL opened at $29.05 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. Carnival has a 1-year low of $15.07 and a 1-year high of $32.80. The company has a market capitalization of $33.92 billion, a PE ratio of 15.13, a PEG ratio of 0.60 and a beta of 2.68. The firm’s 50 day simple moving average is $30.41 and its two-hundred day simple moving average is $25.60.

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 the consensus estimate of $1.32 by $0.11. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The business had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.09 billion. During the same period last year, the firm earned $1.27 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. As a group, equities analysts forecast that Carnival will post 1.77 EPS for the current year.

Insider Transactions at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the sale, the director directly owned 64,406 shares in the company, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.60% of the company’s stock.

Institutional Trading of Carnival

A number of institutional investors and hedge funds have recently bought and sold shares of CCL. N.E.W. Advisory Services LLC bought a new stake in Carnival in the 1st quarter valued at $25,000. Evolution Wealth Management Inc. bought a new stake in shares of Carnival in the 2nd quarter worth about $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Carnival in the 1st quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Carnival in the 2nd quarter worth about $28,000. Finally, Banque Transatlantique SA bought a new stake in shares of Carnival in the 1st quarter worth about $33,000. 67.19% of the stock is currently owned by institutional investors.

About Carnival

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.