Analysts Set Carnival Corporation (NYSE:CCL) PT at $34.99

Carnival Corporation (NYSE:CCL) has been assigned an average rating of “Moderate Buy” from the twenty-seven brokerages that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $34.9909.

A number of research firms have recently commented on CCL. Melius Research set a $36.00 price target on shares of Carnival in a report on Wednesday, June 17th. HSBC upgraded shares of Carnival from a “hold” rating to a “buy” rating and decreased their price objective for the company from $33.60 to $30.10 in a report on Monday, March 30th. Loop Capital began coverage on shares of Carnival in a research report on Monday, June 1st. They issued a “buy” rating and a $36.00 price objective for the company. Wall Street Zen downgraded shares of Carnival from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Barclays reduced their target price on shares of Carnival from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 24th.

Insider Buying and Selling

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $28.10, for a total transaction of $1,209,929.80. Following the transaction, the insider directly owned 69,238 shares in the company, valued at $1,945,587.80. This trade represents a 38.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 7.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Carnival

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BOCHK Asset Management Ltd purchased a new stake in Carnival in the fourth quarter worth about $25,000. Measured Wealth Private Client Group LLC purchased a new position in Carnival during the 3rd quarter valued at about $25,000. Lloyd Advisory Services LLC. purchased a new position in Carnival during the 4th quarter valued at about $26,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Carnival by 381.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company’s stock valued at $29,000 after purchasing an additional 762 shares in the last quarter. Finally, Optima Capital LLC bought a new stake in shares of Carnival in the 4th quarter valued at about $32,000. Institutional investors own 67.19% of the company’s stock.

Carnival Price Performance

CCL opened at $26.39 on Friday. The business has a fifty day moving average of $27.42 and a 200 day moving average of $28.23. The stock has a market cap of $36.14 billion, a P/E ratio of 11.89, a PEG ratio of 1.16 and a beta of 2.32. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.80. Carnival has a 52-week low of $23.45 and a 52-week high of $34.03.

Carnival (NYSE:CCL) last released its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The business had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.69 billion. During the same quarter last year, the firm posted $0.35 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. 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, sell-side analysts anticipate that Carnival will post 2.23 EPS for the current year.

Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.60 annualized dividend and a yield of 2.3%. Carnival’s dividend payout ratio is 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.