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Carnival's (CCL) Hold (C+) Rating Reaffirmed at Weiss Ratings

Carnival logo with Consumer Discretionary background

Key Points

  • Carnival's stock rating was reaffirmed as "hold (C+)" by Weiss Ratings, amidst mixed ratings from other research firms.
  • Shares of Carnival (CCL) increased by 0.7%, closing at $28.92, with significant trading volume reported.
  • In the latest earnings report, Carnival beat expectations with $1.43 EPS and $8.15 billion in revenue, showing a 3.3% increase year-over-year.
  • Interested in Carnival? Here are five stocks we like better.

Carnival (NYSE:CCL - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other research firms also recently issued reports on CCL. Wall Street Zen downgraded Carnival from a "buy" rating to a "hold" rating in a report on Saturday. Barclays upped their price target on Carnival from $33.00 to $37.00 and gave the stock an "overweight" rating in a report on Wednesday, September 17th. TD Cowen assumed coverage on Carnival in a report on Tuesday, July 22nd. They set a "buy" rating and a $36.00 price target on the stock. Citigroup upped their price target on Carnival from $37.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, October 1st. Finally, Stifel Nicolaus upped their price target on Carnival from $34.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Seventeen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $32.90.

Get Our Latest Report on CCL

Carnival Trading Up 0.7%

Shares of CCL stock traded up $0.21 on Wednesday, hitting $28.92. The stock had a trading volume of 15,188,718 shares, compared to its average volume of 26,452,372. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30. The firm has a market capitalization of $33.77 billion, a P/E ratio of 15.06, a P/E/G ratio of 0.60 and a beta of 2.68. Carnival has a 1 year low of $15.07 and a 1 year high of $32.80. The company's 50 day moving average price is $30.39 and its 200-day moving average price is $25.62.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.11. The firm had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.09 billion. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The company's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.27 EPS. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. Analysts anticipate that Carnival will post 1.77 earnings per share for the current year.

Insider Activity

In related 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 completion of the sale, 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 Securities & Exchange Commission, which is available through the SEC website. 7.60% of the stock is currently owned by company insiders.

Institutional Trading of Carnival

A number of hedge funds have recently added to or reduced their stakes in CCL. Causeway Capital Management LLC acquired a new stake in Carnival during the 1st quarter worth approximately $518,816,000. Nuveen LLC purchased a new position in shares of Carnival during the 1st quarter worth approximately $432,718,000. Vanguard Group Inc. raised its stake in shares of Carnival by 6.0% during the 2nd quarter. Vanguard Group Inc. now owns 126,663,493 shares of the company's stock worth $3,561,777,000 after buying an additional 7,157,739 shares in the last quarter. Holocene Advisors LP raised its stake in shares of Carnival by 184.3% during the 2nd quarter. Holocene Advisors LP now owns 10,289,947 shares of the company's stock worth $289,353,000 after buying an additional 6,669,935 shares in the last quarter. Finally, 59 North Capital Management LP raised its stake in shares of Carnival by 117.1% during the 2nd quarter. 59 North Capital Management LP now owns 7,704,185 shares of the company's stock worth $216,642,000 after buying an additional 4,155,630 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

About Carnival

(Get Free Report)

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.

See Also

Analyst Recommendations for Carnival (NYSE:CCL)

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