Tigress Financial Reaffirms "Buy" Rating for Carnival (NYSE:CCL)

Carnival (NYSE:CCL - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Tigress Financial in a research note issued on Tuesday, MarketBeat.com reports. They presently have a $42.00 price target on the stock. Tigress Financial's target price indicates a potential upside of 57.17% from the company's current price.

A number of other brokerages also recently commented on CCL. TD Cowen decreased their target price on Carnival from $34.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, September 22nd. Mizuho decreased their target price on Carnival from $39.00 to $38.00 and set an "outperform" rating for the company in a report on Wednesday, September 30th. Freedom Broker upped their target price on Carnival from $35.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, October 1st. Truist Financial upped their target price on Carnival from $29.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group decreased their target price on Carnival from $35.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.14.

Carnival Trading Up 0.9%

Shares of Carnival stock traded up $0.24 during midday trading on Tuesday, reaching $26.72. 15,027,180 shares of the company's stock traded hands, compared to its average volume of 24,049,242. 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 company has a market cap of $35.93 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 1.12 and a beta of 2.38. The stock has a 50 day moving average of $24.95 and a 200-day moving average of $26.40. Carnival has a 12 month low of $21.45 and a 12 month high of $34.03.

Carnival (NYSE:CCL - Get Free Report) last announced its earnings results on Tuesday, September 29th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.08. The company had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.39 billion. Carnival had a return on equity of 24.83% and a net margin of 11.37%. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. As a group, equities analysts expect that Carnival will post 2.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Carnival

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC increased its position in shares of Carnival by 18.2% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 27,914 shares of the company's stock valued at $685,000 after purchasing an additional 4,301 shares during the last quarter. Bullock Wealth Management Group increased its position in shares of Carnival by 2,587.0% during the 3rd quarter. Bullock Wealth Management Group now owns 2,687 shares of the company's stock valued at $66,000 after purchasing an additional 2,587 shares during the last quarter. Riversedge Advisors LLC increased its position in shares of Carnival by 17.4% during the 3rd quarter. Riversedge Advisors LLC now owns 11,081 shares of the company's stock valued at $272,000 after purchasing an additional 1,641 shares during the last quarter. Wedmont Private Capital increased its position in shares of Carnival by 29.1% during the 3rd quarter. Wedmont Private Capital now owns 26,272 shares of the company's stock valued at $645,000 after purchasing an additional 5,927 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of Carnival by 25.0% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 465,761 shares of the company's stock valued at $11,430,000 after purchasing an additional 93,261 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

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.