Carnival (NYSE:CCL) Hits New 52-Week Low - Here's What Happened

Key Points

• Carnival shares hit a new 52-week low, falling to $22.11 during Tuesday’s trading session amid heavy volume. The stock remains below its 50-day and 200-day moving averages.
• Analyst sentiment remains broadly positive but mixed: Carnival has a consensus “Moderate Buy” rating and an average price target of $34.80, despite some recent downgrades and target-price reductions.
• Carnival exceeded quarterly EPS expectations, reporting $0.41 versus the $0.34 consensus estimate, while revenue reached $6.66 billion. The company also maintains a quarterly dividend of $0.15 per share, yielding about 2.7%.

Carnival Corporation (NYSE:CCL - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $22.11 and last traded at $22.5550, with a volume of 17637164 shares changing hands. The stock had previously closed at $22.75.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CCL shares. Argus set a $35.00 price target on Carnival in a research note on Friday, June 26th. Weiss Ratings cut shares of Carnival from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday. Barclays dropped their target price on shares of Carnival from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Wednesday, June 24th. TD Cowen upgraded shares of Carnival to a "strong-buy" rating in a report on Tuesday, September 8th. Finally, Tigress Financial boosted their price target on shares of Carnival from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $34.80.

Carnival Stock Performance

The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $30.89 billion, a PE ratio of 10.16, a PEG ratio of 0.99 and a beta of 2.31. The firm's 50-day simple moving average is $26.16 and its 200-day simple moving average is $26.79.

Carnival (NYSE:CCL - Get Free Report) last issued its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The company had revenue of $6.66 billion for the quarter, compared to analysts' expectations of $6.69 billion. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $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. On average, research analysts predict that Carnival Corporation will post 2.22 earnings per share for the current year.

Carnival Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, August 7th. Carnival's payout ratio is presently 27.03%.

Institutional Trading of Carnival

Large investors have recently made changes to their positions in the business. Manning & Napier Advisors LLC bought a new position in Carnival during the 2nd quarter valued at approximately $25,000. Lloyd Advisory Services LLC. purchased a new position in Carnival in the 4th quarter worth about $26,000. Axiom Investment Management LLC bought a new position in Carnival during the second quarter valued at approximately $29,000. Ancora Advisors LLC purchased a new position in shares of Carnival in the 2nd quarter worth $29,000. Finally, Basecamp Wealth Advisors LLC boosted its holdings in shares of Carnival by 107.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company's stock worth $27,000 after buying an additional 542 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

About Carnival

Carnival Corporation & plc is a global leisure travel company that operates cruise lines and related vacation businesses. Its cruise brands serve travelers in North America, Europe, Australia, and other international markets, offering ocean voyages to destinations throughout the Caribbean, Europe, Alaska, Asia, Australia, and other regions.

The company's brand portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises, and P&O Cruises Australia.

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