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

Key Points

• Carnival has a “Moderate Buy” consensus rating from 27 analysts: 21 recommend buying, five rate it a hold, and one gives it a strong buy rating. The average 12-month price target is approximately $35.08 versus a recent share price of $24.80.
• Carnival reported quarterly EPS of $0.41, exceeding analysts’ $0.34 estimate, while revenue reached $6.66 billion and rose 5.3% year over year. Analysts expect approximately $2.23 in EPS for the current fiscal year.
• Institutional investors own 67.19% of Carnival’s shares, and the company recently paid a quarterly dividend of $0.15 per share, equivalent to a 2.4% annualized yield.

Shares of Carnival Corporation (NYSE:CCL - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty-seven analysts that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $35.0818.

A number of equities research analysts have weighed in on CCL shares. TD Cowen lifted their price objective on Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a report on Friday, May 15th. Melius Research set a $36.00 price objective on Carnival in a research report on Wednesday, June 17th. Wells Fargo & Company raised their target price on Carnival from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. Susquehanna upped their price target on shares of Carnival from $30.00 to $33.00 and gave the stock a "positive" rating in a research note on Wednesday, June 24th. Finally, Citigroup increased their price target on shares of Carnival from $35.00 to $37.00 and gave the company a "buy" rating in a report on Tuesday, June 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CCL. Commerzbank Aktiengesellschaft FI boosted its holdings in Carnival by 3.5% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 10,540 shares of the company's stock valued at $322,000 after acquiring an additional 358 shares during the period. StoneX Group Inc. grew its position in shares of Carnival by 4.9% in the fourth quarter. StoneX Group Inc. now owns 7,935 shares of the company's stock valued at $242,000 after purchasing an additional 368 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Carnival by 1.9% in the third quarter. Brooklyn Investment Group now owns 21,363 shares of the company's stock worth $618,000 after purchasing an additional 396 shares during the period. Ancora Advisors LLC increased its stake in shares of Carnival by 66.4% in the second quarter. Ancora Advisors LLC now owns 1,015 shares of the company's stock worth $29,000 after purchasing an additional 405 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Carnival by 1.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 33,540 shares of the company's stock worth $1,024,000 after purchasing an additional 408 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Trading Up 0.2%

CCL opened at $24.80 on Monday. The company has a market cap of $33.97 billion, a P/E ratio of 11.17, a PEG ratio of 1.03 and a beta of 2.35. Carnival has a one year low of $23.45 and a one year high of $34.03. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.33. The business's 50-day simple moving average is $27.36 and its 200-day simple moving average is $27.48.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The firm had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.69 billion. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The firm's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. As a group, equities research analysts expect that Carnival will post 2.23 EPS for the current fiscal year.

Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.60 annualized dividend and a yield of 2.4%. Carnival's payout ratio is currently 27.03%.

Carnival Company Profile

Carnival Corporation NYSE: CCL is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company's core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.

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