Carnival Corporation (NYSE:CCL) Stock Has Average Target Price of $34.14

Carnival Corporation (NYSE:CCL) has received an average recommendation of “Moderate Buy” from the twenty-eight ratings firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, twenty-one have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $34.14.

A number of brokerages have issued reports on CCL. Barclays dropped their target price on shares of Carnival from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, September 16th. Freedom Broker raised their price objective on shares of Carnival from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. BNP Paribas Exane cut their price objective on Carnival from $33.00 to $31.00 and set an “outperform” rating for the company in a research report on Wednesday, September 30th. UBS Group reaffirmed a “buy” rating and issued a $36.00 target price on shares of Carnival in a research note on Wednesday, September 30th. Finally, Truist Financial boosted their price target on Carnival from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd.

Institutional Trading of Carnival

Hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC raised its stake in Carnival by 66.4% during the second quarter. Ancora Advisors LLC now owns 1,015 shares of the company’s stock worth $29,000 after purchasing an additional 405 shares during the period. Sims Investment Management LLC grew its stake in shares of Carnival by 0.8% during the first quarter. Sims Investment Management LLC now owns 56,299 shares of the company’s stock valued at $1,457,000 after acquiring an additional 470 shares in the last quarter. Basecamp Wealth Advisors LLC raised its stake in shares of Carnival by 107.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock valued at $27,000 after purchasing an additional 542 shares in the last quarter. CoreCap Advisors LLC grew its position in shares of Carnival by 22.7% in the 2nd quarter. CoreCap Advisors LLC now owns 2,932 shares of the company’s stock worth $84,000 after acquiring an additional 543 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Carnival by 6.6% in the 1st quarter. Parallel Advisors LLC now owns 9,017 shares of the company’s stock valued at $233,000 after buying an additional 555 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Price Performance

Shares of NYSE:CCL opened at $27.05 on Tuesday. Carnival has a 52 week low of $21.45 and a 52 week high of $34.03. The company has a 50-day moving average price of $24.70 and a 200 day moving average price of $26.47. The company has a market cap of $36.38 billion, a P/E ratio of 11.47, a PEG ratio of 1.17 and a beta of 2.38. The company has a quick ratio of 0.23, a current ratio of 0.27 and a debt-to-equity ratio of 1.54.

Carnival (NYSE:CCL) last released its earnings results on Tuesday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.08. The company had revenue of $8.44 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Carnival had a return on equity of 24.83% and a net margin of 11.37%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 EPS. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. Research analysts predict that Carnival will post 2.26 earnings per share for the current year.

Carnival Company Profile

Carnival Corporation & plc (NYSE: CCL) is one of the world’s largest leisure travel and cruise companies. It operates cruise lines that provide vacation travel, onboard entertainment, dining, accommodations, recreational activities and shore excursions. The company’s brands serve a broad range of travelers, from mainstream and contemporary vacationers to premium and luxury guests.

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