Argus Has Lowered Expectations for Carnival (NYSE:CCL) Stock Price

Key Points

• Argus has lowered its price target for Carnival (NYSE:CCL) from $40.00 to $35.00, while still maintaining a "buy" rating, indicating a potential upside of 19.13% from the current stock price.
• Carnival's recent quarterly earnings exceeded expectations, reporting earnings per share of $1.43 against a consensus estimate of $1.32, with revenue of $8.15 billion, surpassing the forecast of $8.09 billion.
• The stock has seen increased interest from institutional investors, with significant stakes being acquired, while insiders have sold shares, indicating mixed sentiment among shareholders.

Carnival (NYSE:CCL - Get Free Report) had its price target decreased by research analysts at Argus from $40.00 to $35.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Argus' price target would indicate a potential upside of 19.13% from the stock's current price.

A number of other equities analysts have also weighed in on the company. Susquehanna upped their target price on Carnival from $30.00 to $35.00 and gave the stock a "positive" rating in a research note on Tuesday. Citigroup increased their price objective on Carnival from $30.00 to $37.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Tigress Financial increased their price objective on Carnival from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Morgan Stanley increased their price objective on Carnival from $21.00 to $24.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Finally, JPMorgan Chase & Co. increased their price objective on Carnival from $34.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, September 15th. Sixteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Carnival currently has an average rating of "Moderate Buy" and an average price target of $32.35.

Carnival Trading Down 0.1%

Shares of CCL stock traded down $0.02 during mid-day trading on Tuesday, reaching $29.38. 7,307,923 shares of the stock traded hands, compared to its average volume of 23,246,146. The stock's fifty day simple moving average is $30.53 and its two-hundred day simple moving average is $25.32. Carnival has a 1-year low of $15.07 and a 1-year high of $32.80. The company has a market cap of $34.30 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 0.68 and a beta of 2.70. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58.

Carnival (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.11. The business had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.09 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%.Carnival's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.27 earnings per share. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. On average, research analysts anticipate that Carnival will post 1.77 EPS for the current fiscal year.

Insider Activity at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the sale, the director directly owned 64,406 shares in the company, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Carnival

A number of institutional investors and hedge funds have recently bought and sold shares of CCL. N.E.W. Advisory Services LLC purchased a new position in Carnival in the first quarter valued at about $25,000. Evolution Wealth Management Inc. acquired a new stake in shares of Carnival in the second quarter valued at approximately $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Carnival in the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Carnival in the second quarter valued at approximately $28,000. Finally, Banque Transatlantique SA acquired a new stake in shares of Carnival in the first quarter valued at approximately $33,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Company Profile

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.

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