Carnival (NYSE:CCL) Price Target Raised to $33.00

Carnival (NYSE:CCL) had its target price lifted by Sanford C. Bernstein from $26.00 to $33.00 in a research note released on Tuesday morning, Marketbeat Ratings reports. The firm currently has a market perform rating on the stock.

A number of other equities analysts have also weighed in on CCL. Citigroup upped their target price on Carnival from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Morgan Stanley boosted their price objective on Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Carnival from $33.00 to $34.00 and gave the company a “hold” rating in a research note on Monday, December 22nd. Wells Fargo & Company boosted their price target on shares of Carnival from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. Finally, Jefferies Financial Group increased their price target on shares of Carnival from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.43.

Carnival Price Performance

Shares of NYSE:CCL opened at $31.68 on Tuesday. The company has a 50 day moving average of $27.95 and a 200 day moving average of $29.04. The stock has a market cap of $36.98 billion, a P/E ratio of 15.84, a P/E/G ratio of 1.17 and a beta of 2.51. Carnival has a 12 month low of $15.07 and a 12 month high of $32.89. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 1.96.

Carnival (NYSE:CCL) last posted its earnings results on Friday, December 19th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Carnival had a return on equity of 28.39% and a net margin of 10.37%.The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 earnings per share. Carnival has set its Q1 2026 guidance at 0.170-0.170 EPS and its FY 2026 guidance at 2.480-2.48 EPS. As a group, sell-side analysts forecast that Carnival will post 1.77 EPS for the current fiscal year.

Carnival Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, February 13th.

Hedge Funds Weigh In On Carnival

A number of large investors have recently added to or reduced their stakes in CCL. Fulton Bank N.A. boosted its position in Carnival by 13.7% during the fourth quarter. Fulton Bank N.A. now owns 8,581 shares of the company’s stock valued at $262,000 after buying an additional 1,036 shares during the period. Regent Peak Wealth Advisors LLC bought a new stake in shares of Carnival in the 4th quarter valued at about $200,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Carnival by 3.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 173,851 shares of the company’s stock worth $5,621,000 after purchasing an additional 6,249 shares during the last quarter. NorthCrest Asset Manangement LLC purchased a new position in shares of Carnival in the fourth quarter valued at about $235,000. Finally, Wedmont Private Capital grew its stake in shares of Carnival by 4.5% in the fourth quarter. Wedmont Private Capital now owns 21,083 shares of the company’s stock worth $677,000 after purchasing an additional 903 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

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.