Carnival (NYSE:CCL) Shares Down 4.7% – Should You Sell?

Carnival Corporation (NYSE:CCL)’s share price fell 4.7% during trading on Monday . The company traded as low as $25.03 and last traded at $25.3190. 17,539,088 shares traded hands during trading, a decline of 23% from the average session volume of 22,918,258 shares. The stock had previously closed at $26.56.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Carnival in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of Carnival from $34.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, September 15th. Wall Street Zen downgraded shares of Carnival from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Susquehanna upped their target price on shares of Carnival from $30.00 to $35.00 and gave the company a “positive” rating in a report on Tuesday, September 30th. Finally, Citigroup boosted their price objective on shares of Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Carnival Price Performance

The firm has a market cap of $28.80 billion, a PE ratio of 12.85, a P/E/G ratio of 0.57 and a beta of 2.67. The firm’s fifty day simple moving average is $28.49 and its two-hundred day simple moving average is $27.81. 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 announced its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.11. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The firm 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 company posted $1.27 earnings per share. The company’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, research analysts expect that Carnival Corporation will post 1.77 EPS for the current year.

Hedge Funds Weigh In On Carnival

Hedge funds have recently made changes to their positions in the business. N.E.W. Advisory Services LLC purchased a new position in Carnival in the 1st quarter worth approximately $25,000. Evolution Wealth Management Inc. purchased a new stake in Carnival during the 2nd quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Carnival during the third quarter valued at approximately $25,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Carnival in the second quarter worth $28,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Carnival by 182.0% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,021 shares of the company’s stock worth $30,000 after buying an additional 659 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

About Carnival

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.