Melius Research Issues Positive Forecast for Carnival (NYSE:CCL) Stock Price

Key Points

• Melius Research has increased its target price for Carnival (NYSE: CCL) from $30.00 to $36.00, indicating a potential upside of 14.93% from the stock's previous close.
• Carnival's quarterly earnings report showed earnings of $0.35 per share, exceeding analysts' estimates of $0.24, with revenues of $6.33 billion, marking a 9.5% increase compared to last year.
• Currently, Carnival holds an average rating of "Moderate Buy" from analysts, with a consensus price target of $31.42 and strong institutional investor interest, owning 67.19% of the stock.

Carnival (NYSE:CCL - Get Free Report) had its target price increased by Melius Research from $30.00 to $36.00 in a report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Melius Research's price target would suggest a potential upside of 14.93% from the stock's previous close.

CCL has been the topic of a number of other reports. Morgan Stanley upped their price objective on Carnival from $21.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, June 26th. JPMorgan Chase & Co. upped their price target on Carnival from $34.00 to $39.00 and gave the stock an "overweight" rating in a research note on Monday. Mizuho upped their price target on Carnival from $33.00 to $35.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. Bank of America upped their price target on Carnival from $31.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Tigress Financial upped their price target on Carnival from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Fifteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $31.42.

Carnival Price Performance

Shares of CCL stock traded down $0.19 during trading hours on Monday, reaching $31.32. The company had a trading volume of 16,451,837 shares, compared to its average volume of 22,967,287. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34. The stock has a fifty day moving average of $30.19 and a 200-day moving average of $24.56. The company has a market capitalization of $36.57 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 0.70 and a beta of 2.70. Carnival has a 12-month low of $15.07 and a 12-month high of $32.80.

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

Insider Activity

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total transaction of $371,875.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 7.60% of the company's stock.

Institutional Investors Weigh In On Carnival

A number of hedge funds and other institutional investors have recently modified their holdings of CCL. N.E.W. Advisory Services LLC acquired a new position in shares of Carnival during the 1st quarter worth approximately $25,000. Evolution Wealth Management Inc. acquired a new position in shares of Carnival during the 2nd quarter worth approximately $25,000. Graybill Wealth Management LTD. purchased a new stake in Carnival in the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Carnival during the 2nd quarter valued at $28,000. Finally, Orion Capital Management LLC acquired a new position in shares of Carnival during the 4th quarter valued at $30,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

About Carnival

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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