Carnival (NYSE:CCL) Price Target Raised to $39.00

Key Points

• JPMorgan Chase & Co. raised Carnival's price target from $34.00 to $39.00, indicating a potential upside of 25.60% based on the stock's previous close.
• Despite the optimistic outlook from some analysts, Zacks Research downgraded Carnival from a "strong-buy" to a "hold" rating.
• The company has posted **strong earnings results**, reporting $0.35 EPS for the quarter, exceeding analysts' expectations and reflecting a year-over-year revenue increase of 9.5%.

Carnival (NYSE:CCL - Get Free Report) had its price objective upped by research analysts at JPMorgan Chase & Co. from $34.00 to $39.00 in a report issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 25.60% from the company's previous close.

CCL has been the topic of a number of other research reports. Zacks Research cut shares of Carnival from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. Stifel Nicolaus lifted their target price on shares of Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Citigroup lifted their target price on shares of Carnival from $30.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Morgan Stanley lifted their target price on shares of Carnival from $21.00 to $24.00 and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Finally, TD Cowen started coverage on shares of Carnival in a research note on Tuesday, July 22nd. They set a "buy" rating and a $36.00 target price on the stock. Fourteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $31.17.

Carnival Trading Down 1.5%

NYSE:CCL opened at $31.05 on Monday. 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 12 month low of $15.07 and a 12 month high of $32.80. The company has a market cap of $36.25 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 0.70 and a beta of 2.70. The company has a 50 day simple moving average of $30.19 and a two-hundred day simple moving average of $24.56.

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

Insider Activity at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the completion of the transaction, the director owned 64,406 shares of the company's stock, valued at approximately $1,916,078.50. This trade represents a 16.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.60% of the company's stock.

Hedge Funds Weigh In On Carnival

Several hedge funds have recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. bought a new position in Carnival during the 2nd quarter valued at about $25,000. Orion Porfolio Solutions LLC grew its stake in Carnival by 6.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 11,675 shares of the company's stock worth $328,000 after acquiring an additional 726 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Carnival by 59.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 65,598 shares of the company's stock worth $1,845,000 after acquiring an additional 24,530 shares in the last quarter. Silverlake Wealth Management LLC grew its stake in Carnival by 5.7% in the 2nd quarter. Silverlake Wealth Management LLC now owns 91,010 shares of the company's stock worth $2,559,000 after acquiring an additional 4,908 shares in the last quarter. Finally, Marex Group plc bought a new position in Carnival in the 2nd quarter worth about $232,000. 67.19% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.