Carnival (NYSE:CCL) Price Target Raised to $31.00

Carnival (NYSE:CCL) had its target price hoisted by Truist Financial from $29.00 to $31.00 in a research note issued to investors on Thursday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Freedom Capital raised Carnival to a “strong-buy” rating in a report on Wednesday, June 3rd. Argus set a $35.00 price objective on Carnival in a research report on Friday, June 26th. BMO Capital Markets began coverage on Carnival in a research note on Tuesday, July 7th. They issued a “market perform” rating and a $30.00 price objective on the stock. Weiss Ratings lowered Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, UBS Group decreased their target price on Carnival from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.08.

Carnival Stock Performance

Shares of Carnival stock opened at $26.36 on Thursday. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. The company has a market cap of $36.10 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.16 and a beta of 2.32. The company has a 50 day moving average of $27.52 and a 200-day moving average of $28.06. Carnival has a 1-year low of $23.45 and a 1-year high of $34.03.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The business had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.69 billion. During the same period last year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. 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, equities research analysts forecast that Carnival will post 2.23 earnings per share for the current fiscal year.

Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. Carnival’s payout ratio is currently 27.03%.

Insider Transactions at Carnival

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $28.10, for a total value of $1,209,929.80. Following the completion of the transaction, the insider directly owned 69,238 shares in the company, valued at approximately $1,945,587.80. This trade represents a 38.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. CVA Family Office LLC grew its holdings in Carnival by 15.6% during the 4th quarter. CVA Family Office LLC now owns 2,597 shares of the company’s stock worth $79,000 after acquiring an additional 350 shares during the last quarter. Net Worth Advisory Group raised its stake in shares of Carnival by 2.9% during the fourth quarter. Net Worth Advisory Group now owns 12,383 shares of the company’s stock valued at $378,000 after acquiring an additional 354 shares during the last quarter. Triad Wealth Partners LLC lifted its holdings in shares of Carnival by 2.1% during the fourth quarter. Triad Wealth Partners LLC now owns 17,464 shares of the company’s stock worth $533,000 after purchasing an additional 358 shares during the period. Commerzbank Aktiengesellschaft FI grew its stake in shares of Carnival by 3.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 10,540 shares of the company’s stock worth $322,000 after purchasing an additional 358 shares during the last quarter. Finally, StoneX Group Inc. grew its stake in shares of Carnival by 4.9% in the fourth quarter. StoneX Group Inc. now owns 7,935 shares of the company’s stock worth $242,000 after purchasing an additional 368 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

About Carnival

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.