Carnival’s (CCL) Buy Rating Reiterated at Tigress Financial

Carnival (NYSE:CCL)‘s stock had its “buy” rating reissued by equities researchers at Tigress Financial in a research note issued to investors on Tuesday, MarketBeat.com reports. They presently have a $42.00 price target on the stock. Tigress Financial’s price objective would indicate a potential upside of 57.17% from the stock’s previous close.

CCL has been the topic of several other reports. Susquehanna reduced their price objective on shares of Carnival from $33.00 to $28.00 and set a “positive” rating on the stock in a report on Wednesday, September 30th. Citigroup raised their price target on Carnival from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Sanford C. Bernstein restated a “market perform” rating and set a $28.70 price target on shares of Carnival in a research report on Wednesday, September 30th. Morgan Stanley raised their price target on Carnival from $31.00 to $32.50 and gave the stock an “overweight” rating in a research report on Tuesday, September 29th. Finally, The Goldman Sachs Group lowered their price target on Carnival from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Carnival currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.14.

Carnival Trading Up 0.9%

CCL traded up $0.24 on Tuesday, hitting $26.72. The company had a trading volume of 15,027,180 shares, compared to its average volume of 24,049,242. The firm has a market cap of $35.93 billion, a P/E ratio of 11.67, a PEG ratio of 1.12 and a beta of 2.38. Carnival has a 1 year low of $21.45 and a 1 year high of $34.03. The company’s fifty day moving average price is $24.95 and its 200 day moving average price is $26.40. The company has a current ratio of 0.27, a quick ratio of 0.23 and a debt-to-equity ratio of 1.54.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.08. The firm had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.39 billion. Carnival had a net margin of 11.37% and a return on equity of 24.83%. Carnival’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 EPS. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. As a group, equities analysts expect that Carnival will post 2.27 earnings per share for the current year.

Institutional Investors Weigh In On Carnival

Several large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new stake in shares of Carnival during the 1st quarter worth approximately $1,732,000. Vaughan Nelson Investment Management L.P. lifted its position in shares of Carnival by 95.9% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 889,393 shares of the company’s stock worth $23,017,000 after buying an additional 435,470 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Carnival during the 2nd quarter worth approximately $15,383,000. National Pension Service lifted its position in shares of Carnival by 8.7% during the 2nd quarter. National Pension Service now owns 3,228,771 shares of the company’s stock worth $92,246,000 after buying an additional 258,460 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Carnival during the 2nd quarter worth approximately $10,888,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

About Carnival

Carnival Corporation & plc (NYSE: CCL) is a global leisure travel company that operates cruise lines and related vacation businesses. Its brands offer ocean cruises, onboard entertainment, dining, accommodation, excursions and other travel experiences to passengers across a range of price points and destinations.

The company’s portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, P&O Cruises, P&O Cruises Australia, AIDA Cruises and Costa Cruises.