Carnival (NYSE:CCL – Free Report) had its target price trimmed by JPMorgan Chase & Co. from $43.00 to $39.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.
A number of other equities analysts have also commented on the company. Melius Research set a $36.00 price objective on Carnival in a research note on Wednesday, June 17th. Truist Financial raised their target price on Carnival from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. Susquehanna cut their price target on Carnival from $33.00 to $28.00 and set a “positive” rating for the company in a report on Thursday. Tigress Financial upped their price target on shares of Carnival from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Finally, The Goldman Sachs Group decreased their price objective on shares of Carnival from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.45.
Get Our Latest Stock Analysis on Carnival
Carnival Stock Up 2.2%
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 paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, August 7th. Carnival’s dividend payout ratio (DPR) is 27.03%.
Hedge Funds Weigh In On Carnival
Several large investors have recently made changes to their positions in the company. QRG Capital Management Inc. grew its position in shares of Carnival by 36.8% during the 2nd quarter. QRG Capital Management Inc. now owns 572,743 shares of the company’s stock worth $16,363,000 after buying an additional 154,101 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in Carnival by 261.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 91,409 shares of the company’s stock valued at $2,612,000 after buying an additional 66,100 shares during the period. Envestnet Asset Management Inc. boosted its stake in Carnival by 330.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,827,261 shares of the company’s stock valued at $109,345,000 after acquiring an additional 2,938,650 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Carnival by 25.8% in the second quarter. Sequoia Financial Advisors LLC now owns 69,664 shares of the company’s stock valued at $1,990,000 after acquiring an additional 14,273 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in Carnival by 37.1% during the 2nd quarter. Tidal Investments LLC now owns 130,662 shares of the company’s stock worth $3,733,000 after acquiring an additional 35,373 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.
Trending Headlines about Carnival
Here are the key news stories impacting Carnival this week:
- Positive Sentiment: Analysts remain broadly constructive despite recent weakness. Bank of America maintained a “buy” rating with a revised $38 price target, while JPMorgan retained an “overweight” rating and set a $39 target. These targets imply substantial upside if Carnival can demonstrate that current pressures are temporary. Bank of America Carnival price target article
- Positive Sentiment: Demand and pricing have remained relatively resilient. Carnival reportedly reduced its 2026 yield outlook partly to protect ticket prices rather than fill ships at heavy discounts, suggesting the business has not experienced a fundamental demand collapse. Its recent quarterly results also showed year-over-year revenue growth and earnings above estimates. Carnival Europe demand analysis
- Neutral Sentiment: The September 29 earnings release is the immediate catalyst. Investors will focus on bookings, ticket pricing, onboard spending, occupancy, free cash flow and management’s outlook for the remainder of 2026. Carnival Q3 earnings preview
- Negative Sentiment: Surging oil prices are the largest near-term headwind. Carnival is described as the only major cruise operator without fuel hedges, leaving it especially exposed to higher costs; Bank of America expects the impact to be more significant in the fourth quarter than in Q3. Carnival fuel cost and price target article
- Negative Sentiment: Jefferies cut earnings estimates because of higher fuel expenses, softer pricing and disruptions affecting European itineraries. Analysts also warn that operational execution is being overshadowed by geopolitical and travel-related factors beyond Carnival’s control. Carnival fuel and pricing headwinds article
About Carnival
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.
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