Carnival’s (CCL) Buy Rating Reaffirmed at Tigress Financial

Carnival (NYSE:CCL)‘s stock had its “buy” rating reaffirmed by investment analysts at Tigress Financial in a report released on Tuesday, MarketBeat reports. They presently have a $42.00 target price on the stock. Tigress Financial’s price objective indicates a potential upside of 62.18% from the stock’s current price.

Other research analysts also recently issued reports about the company. Argus decreased their price target on Carnival from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. Freedom Broker upped their target price on Carnival from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. Weiss Ratings lowered Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 10th. BNP Paribas Exane cut their price target on Carnival from $33.00 to $31.00 and set an “outperform” rating on the stock in a report on Wednesday, September 30th. Finally, Melius Research set a $36.00 price target on Carnival in a report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Carnival presently has a consensus rating of “Moderate Buy” and an average price target of $34.14.

Carnival Stock Down 2.1%

Shares of Carnival stock traded down $0.56 during trading on Tuesday, hitting $25.90. 21,717,783 shares of the stock traded hands, compared to its average volume of 23,953,588. The company has a fifty day moving average price of $24.83 and a two-hundred day moving average price of $26.42. Carnival has a twelve month low of $21.45 and a twelve month high of $34.03. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.23 and a current ratio of 0.27. The stock has a market cap of $34.82 billion, a P/E ratio of 11.31, a PEG ratio of 1.11 and a beta of 2.38.

Carnival (NYSE:CCL) last released its quarterly earnings data on Tuesday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. The business 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%. Carnival’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.43 earnings per share. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. Equities research analysts predict that Carnival will post 2.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Carnival

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCL. Auto Owners Insurance Co lifted its stake in Carnival by 2,954.0% in the 4th quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company’s stock valued at $60,625,000 after buying an additional 19,201,000 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Carnival by 2,432.8% during the 4th quarter. Pacer Advisors Inc. now owns 6,689,954 shares of the company’s stock valued at $204,311,000 after buying an additional 6,425,822 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Carnival by 330.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,827,261 shares of the company’s stock valued at $109,345,000 after buying an additional 2,938,650 shares during the period. Amundi increased its holdings in Carnival by 67.3% in the 2nd quarter. Amundi now owns 6,770,304 shares of the company’s stock valued at $193,428,000 after purchasing an additional 2,723,171 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Carnival by 110.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 4,206,941 shares of the company’s stock valued at $108,876,000 after purchasing an additional 2,212,548 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

About Carnival

Carnival Corporation & plc (NYSE: CCL) is a global leisure travel company that operates cruise lines and related vacation businesses. Its brands offer ocean cruises, onboard entertainment, dining, accommodation, excursions and other travel experiences to passengers across a range of price points and destinations.

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