Carnival (NYSE:CCL) Trading Down 4.7% – Here’s Why

Carnival Corporation (NYSE:CCL)’s share price dropped 4.7% during trading on Monday . The company traded as low as $25.03 and last traded at $25.3190. Approximately 17,539,088 shares traded hands during trading, a decline of 23% from the average daily volume of 22,918,258 shares. The stock had previously closed at $26.56.

Wall Street Analyst Weigh In

CCL has been the topic of a number of research analyst reports. Tigress Financial boosted their price objective on shares of Carnival from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. UBS Group set a $35.00 price target on Carnival and gave the company a “buy” rating in a research report on Wednesday, October 1st. Melius Research increased their price objective on Carnival from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Mizuho boosted their target price on shares of Carnival from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. Finally, Argus reduced their target price on shares of Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Carnival Trading Down 7.1%

The stock has a market cap of $28.80 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 0.57 and a beta of 2.67. The firm has a 50-day moving average price of $28.49 and a 200-day moving average price of $27.81. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34.

Carnival (NYSE:CCL) last released its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $8.09 billion. During the same period last year, the business earned $1.27 EPS. Carnival’s revenue was up 3.3% compared to the same quarter last year. 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 anticipate that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Carnival

Several institutional investors have recently modified their holdings of the business. Measured Wealth Private Client Group LLC purchased a new position in Carnival in the 3rd quarter worth about $25,000. Evolution Wealth Management Inc. bought a new stake in shares of Carnival in the second quarter worth approximately $25,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Carnival during the second quarter valued at approximately $28,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in Carnival by 182.0% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,021 shares of the company’s stock valued at $30,000 after purchasing an additional 659 shares during the period. Finally, LRI Investments LLC purchased a new stake in Carnival in the third quarter worth approximately $30,000. 67.19% of the stock is owned by hedge funds and other 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.