Carnival Corporation (NYSE:CCL) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Carnival Corporation (NYSE: CCL) has received an average analyst rating of "Moderate Buy," with 13 buy ratings and 8 hold ratings among 21 analysts.
• The stock's average 1-year price target is $30.71, with brokerages setting target prices ranging from $22.00 to $38.00.
• Carnival reported $0.35 EPS for its last quarter, exceeding estimates, and its revenue grew by 9.5% year-over-year.

Shares of Carnival Corporation (NYSE:CCL - Get Free Report) have earned an average rating of "Moderate Buy" from the twenty-one analysts that are currently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $30.7059.

Several brokerages recently issued reports on CCL. TD Cowen began coverage on Carnival in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $36.00 price objective for the company. Barclays increased their price objective on Carnival from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Zacks Research lowered Carnival from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Bank of America upped their target price on Carnival from $31.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Loop Capital reaffirmed a "hold" rating and issued a $22.00 target price on shares of Carnival in a research report on Monday, June 23rd.

Carnival Stock Down 2.8%

Shares of Carnival stock opened at $31.55 on Monday. The stock has a 50-day moving average price of $30.19 and a 200 day moving average price of $24.56. The company has a market cap of $36.83 billion, a P/E ratio of 17.05, a P/E/G ratio of 0.70 and a beta of 2.70. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. Carnival has a 1 year low of $15.07 and a 1 year high of $32.80.

Carnival (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. The firm had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.20 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The business's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 EPS. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. As a group, analysts expect that Carnival will post 1.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the company's 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 transaction, the director directly owned 64,406 shares of the company's stock, valued at $1,916,078.50. This represents a 16.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CCL. Focus Partners Wealth increased its position in Carnival by 144.3% in the 4th quarter. Focus Partners Wealth now owns 46,841 shares of the company's stock worth $1,188,000 after purchasing an additional 27,667 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Carnival during the 4th quarter valued at about $353,000. Janus Henderson Group PLC increased its holdings in shares of Carnival by 4.2% during the 4th quarter. Janus Henderson Group PLC now owns 59,499 shares of the company's stock valued at $1,483,000 after acquiring an additional 2,380 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Carnival by 5.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,732 shares of the company's stock valued at $2,660,000 after acquiring an additional 5,277 shares during the last quarter. Finally, NorthRock Partners LLC acquired a new position in shares of Carnival during the 4th quarter valued at about $346,000. 67.19% of the stock is owned by institutional investors and hedge funds.

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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