Carnival (NYSE:CCL) Raised to “Strong-Buy” at Wells Fargo & Company

Carnival (NYSE:CCL) was upgraded by analysts at Wells Fargo & Company to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on the stock. Susquehanna increased their target price on shares of Carnival from $30.00 to $35.00 and gave the stock a “positive” rating in a report on Tuesday, September 30th. TD Cowen assumed coverage on shares of Carnival in a research report on Tuesday, July 22nd. They issued a “buy” rating and a $36.00 price target for the company. Wall Street Zen lowered shares of Carnival from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Stifel Nicolaus upped their target price on Carnival from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Finally, Citigroup lifted their price target on Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.33.

Carnival Trading Down 1.8%

NYSE:CCL traded down $0.48 during midday trading on Monday, hitting $25.60. The stock had a trading volume of 12,204,109 shares, compared to its average volume of 22,953,021. The stock has a 50-day moving average of $28.74 and a 200 day moving average of $27.66. The company has a market capitalization of $29.89 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.57 and a beta of 2.67. Carnival has a one year low of $15.07 and a one year high of $32.80. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10.

Carnival (NYSE:CCL) last issued its earnings results on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.11. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The business had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $8.09 billion. During the same period in the prior year, the business earned $1.27 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. As a group, sell-side analysts forecast that Carnival will post 1.77 EPS for the current year.

Institutional Trading of Carnival

Hedge funds and other institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors grew its stake in Carnival by 102.5% during the 3rd quarter. Captrust Financial Advisors now owns 90,904 shares of the company’s stock worth $2,628,000 after buying an additional 46,010 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in Carnival by 2.1% in the third quarter. Coldstream Capital Management Inc. now owns 23,486 shares of the company’s stock worth $679,000 after acquiring an additional 492 shares in the last quarter. Aspire Private Capital LLC purchased a new stake in shares of Carnival during the third quarter worth about $1,263,000. Danske Bank A S purchased a new position in shares of Carnival in the 3rd quarter valued at approximately $14,981,000. Finally, Kestra Private Wealth Services LLC boosted its stake in Carnival by 1.9% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 25,613 shares of the company’s stock worth $740,000 after purchasing an additional 478 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Company Profile

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.