Mizuho Boosts Carnival (NYSE:CCL) Price Target to $39.00

Key Points

• Mizuho raised its price target to $39.00 (from $38.00) and maintains an "outperform" rating, implying about a 61.04% upside from the current share price.
• Q1 beat and $2.5 billion buyback — Carnival reported stronger‑than‑expected EPS and revenue and authorized a $2.5B share repurchase, but it trimmed full‑year guidance due to higher fuel costs and geopolitical oil risk, sending the stock down ~4.2% to $24.22.
• Analyst sentiment is broadly positive with 19 Buys and 8 Holds, an average rating of "Moderate Buy" and a consensus price target of $34.41.

Carnival (NYSE:CCL - Get Free Report) had its target price raised by investment analysts at Mizuho from $38.00 to $39.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Mizuho's target price suggests a potential upside of 61.04% from the company's current price.

Other equities analysts have also recently issued reports about the company. William Blair reissued an "outperform" rating on shares of Carnival in a report on Tuesday, March 3rd. Wolfe Research reissued an "outperform" rating on shares of Carnival in a report on Friday, December 19th. Argus restated a "buy" rating and set a $35.00 price objective on shares of Carnival in a research report on Monday, December 22nd. TD Cowen reiterated a "buy" rating on shares of Carnival in a research report on Tuesday, January 13th. Finally, Susquehanna lowered their price objective on Carnival from $40.00 to $30.00 and set a "positive" rating for the company in a research note on Monday. Nineteen analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.41.

Carnival Stock Down 4.2%

NYSE CCL traded down $1.06 during trading hours on Friday, hitting $24.22. 21,313,770 shares of the company traded hands, compared to its average volume of 23,715,674. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.28 and a current ratio of 0.32. The business's 50-day moving average is $29.05 and its 200-day moving average is $28.90. The stock has a market capitalization of $30.00 billion, a price-to-earnings ratio of 12.13, a P/E/G ratio of 1.07 and a beta of 2.42. Carnival has a twelve month low of $15.07 and a twelve month high of $34.03.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Carnival had a net margin of 10.37% and a return on equity of 28.39%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. Sell-side analysts anticipate that Carnival will post 1.77 earnings per share for the current year.

Hedge Funds Weigh In On Carnival

Hedge funds and other institutional investors have recently modified their holdings of the business. BOCHK Asset Management Ltd purchased a new stake in shares of Carnival during the fourth quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Carnival during the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. bought a new stake in shares of Carnival during the 4th quarter valued at $26,000. Evolution Wealth Management Inc. purchased a new stake in Carnival during the 2nd quarter worth about $25,000. Finally, Newbridge Financial Services Group Inc. boosted its stake in Carnival by 381.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company's stock worth $29,000 after purchasing an additional 762 shares during the period. Hedge funds and other institutional investors own 67.19% of the company's stock.

More Carnival News

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Q1 beat and strong top-line — Carnival reported non‑GAAP EPS of $0.20 (vs. $0.18 consensus) and revenue ~ $6.17B; management highlighted record bookings and elevated onboard spending that supported results. Carnival Non-GAAP EPS of $0.20 beats by $0.02, revenue of $6.17B beats by $30M
• Positive Sentiment: Capital return — the company authorized a new $2.5 billion share buyback, which can support the share price over time if executed. Earnings Snapshot: Carnival tops FQ1 estimates; lowers full-year outlook, authorizes new $2.5B buyback program
• Positive Sentiment: Demand resilience — management cited record revenue and continued strong booking trends, which help offset near‑term cost pressures. Carnival posts record quarterly revenue, boosts outlook and unveils long-term targets
• Neutral Sentiment: Market attention on management commentary — prediction markets and traders were eyeing CEO remarks for color on fuel exposure and guidance changes ahead of/after the call. Carnival Earnings Prediction Market Preview: What Will CEO Josh Weinstein Say?
• Negative Sentiment: Guidance trimmed due to fuel — Carnival cut its full‑year profit forecast, citing higher crude/fuel costs driven by Iran/region tensions, a direct hit to margins going forward. Cruise operator Carnival cuts annual profit forecast on higher fuel costs
• Negative Sentiment: Geopolitical / oil risk drove the selloff — coverage notes the earnings beat is being overshadowed by surging oil and Iran‑related geopolitical risk, which is pressuring cruise stocks broadly. Carnival Drops 4%: 3 Reasons Cruise Stocks Are Struggling With Oil and Geopolitical Risk
• Negative Sentiment: Analyst caution — some firms have trimmed estimates or reiterated concerns about cost headwinds and regulatory/drydock costs that could pressure margins despite demand. Barclays Has Lowered Expectations for Carnival NYSE: CCL Stock Price

About Carnival

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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