Carnival (NYSE:CCL) Price Target Cut to $30.00 by Analysts at Truist Financial

Carnival (NYSE:CCL) had its price target dropped by equities researchers at Truist Financial from $34.00 to $30.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price would indicate a potential upside of 18.68% from the stock’s previous close.

CCL has been the topic of a number of other research reports. Zacks Research cut shares of Carnival from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. The Goldman Sachs Group dropped their price target on shares of Carnival from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. Citigroup lifted their price objective on shares of Carnival from $36.00 to $39.00 and gave the company a “buy” rating in a report on Monday, December 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Carnival in a research note on Friday, December 26th. Finally, Jefferies Financial Group raised their target price on Carnival from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Twenty research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carnival presently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Carnival Stock Performance

Shares of CCL traded down $0.17 during mid-day trading on Tuesday, reaching $25.28. The company had a trading volume of 12,502,747 shares, compared to its average volume of 23,553,270. Carnival has a 52-week low of $15.07 and a 52-week high of $34.03. The company has a quick ratio of 0.28, a current ratio of 0.32 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $31.32 billion, a P/E ratio of 12.62, a PEG ratio of 0.92 and a beta of 2.42. The stock has a 50 day moving average of $29.33 and a two-hundred day moving average of $28.99.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Friday, December 19th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.09. Carnival had a return on equity of 28.39% and a net margin of 10.37%.The company had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period last year, the business earned $0.14 earnings per share. Carnival’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts expect that Carnival will post 1.77 earnings per share for the current year.

Institutional Investors Weigh In On Carnival

A number of hedge funds have recently modified their holdings of CCL. Vanguard Group Inc. raised its stake in Carnival by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 128,133,282 shares of the company’s stock worth $3,913,190,000 after purchasing an additional 368,445 shares during the period. State Street Corp raised its position in shares of Carnival by 1.5% during the 4th quarter. State Street Corp now owns 48,074,173 shares of the company’s stock valued at $1,468,185,000 after buying an additional 704,433 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in Carnival by 0.8% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 36,109,629 shares of the company’s stock valued at $1,043,929,000 after purchasing an additional 291,864 shares during the period. Causeway Capital Management LLC raised its position in Carnival by 9.6% in the third quarter. Causeway Capital Management LLC now owns 31,912,001 shares of the company’s stock valued at $922,576,000 after purchasing an additional 2,783,927 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Carnival by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 29,450,412 shares of the company’s stock valued at $896,104,000 after purchasing an additional 683,311 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Trending Headlines about Carnival

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Recent oil-price relief and signs of de‑escalation in the Middle East have lifted travel stocks and supported Carnival’s rally; lower fuel expectations reduce a key cost risk for cruise margins. Read More.
• Positive Sentiment: Institutional buying and continued buy/overweight analyst coverage (several firms still show high price targets) are providing support to the stock amid short‑term volatility. Read More.
• Neutral Sentiment: Carnival will report Q1 results on March 27; Bank of America and others flag that guidance will be watched for fuel cost impacts and regional pricing/mix given Carnival’s unhedged commodity exposure — guidance could swing sentiment. Read More.
• Neutral Sentiment: Company actions to simplify its dual‑listed capital structure (voluntary delisting of certain notes) and brand moves (Cunard partnership) are strategic but unlikely to move the stock materially ahead of earnings. Read More.
• Negative Sentiment: Several analysts have trimmed price targets and profit outlooks ahead of the quarter; some firms (Barclays, Truist references) have adjusted forecasts citing cost pressures — this raises downside risk if guidance disappoints. Read More.
• Negative Sentiment: Market commentary highlights the stock has been under pressure into earnings (analyst note: “extremely pressured ahead of earnings”), and insider sales disclosed in filings could add near‑term selling narrative. Read More.

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.