Carnival (NYSE:CCL – Free Report) had its price target trimmed by Wells Fargo & Company from $40.00 to $37.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.
A number of other analysts have also commented on CCL. Jefferies Financial Group boosted their price objective on shares of Carnival from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. William Blair restated an “outperform” rating on shares of Carnival in a report on Tuesday, March 3rd. Barclays decreased their target price on shares of Carnival from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. Zacks Research lowered shares of Carnival from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Wolfe Research reissued an “outperform” rating on shares of Carnival in a research report on Friday, December 19th. Twenty-one investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Carnival presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.17.
Carnival Stock Up 2.8%
Carnival (NYSE:CCL – Get Free Report) last released its earnings results on Friday, March 27th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. Carnival had a return on equity of 26.92% and a net margin of 11.48%.The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the previous year, the business posted $0.13 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts expect that Carnival will post 1.77 EPS for the current fiscal year.
Hedge Funds Weigh In On Carnival
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 buying an additional 368,445 shares during the last quarter. State Street Corp lifted its stake in Carnival by 1.5% in the fourth quarter. State Street Corp now owns 48,074,173 shares of the company’s stock valued at $1,468,185,000 after acquiring an additional 704,433 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake 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 acquiring an additional 291,864 shares during the last quarter. Causeway Capital Management LLC grew its position in shares of Carnival by 9.6% in the 3rd quarter. Causeway Capital Management LLC now owns 31,912,001 shares of the company’s stock valued at $922,576,000 after acquiring an additional 2,783,927 shares during the period. Finally, Geode Capital Management LLC grew its position 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 acquiring an additional 683,311 shares during the period. 67.19% of the stock is owned by institutional investors.
Trending Headlines about Carnival
Here are the key news stories impacting Carnival this week:
- Positive Sentiment: Management’s PROPEL strategy targets >50% EPS growth by 2029, driven by strong bookings, pricing and yields — a clear long‑term upside thesis if execution and demand persist. CCL’s PROPEL Strategy Targets 50% EPS Growth: Is the Upside Realistic?
- Positive Sentiment: HSBC upgraded CCL to a Buy, giving the stock dealer support that can lift sentiment and attract flows. HSBC Upgrades Carnival Corporation (CCL)
- Positive Sentiment: Barclays initiated/issued a Buy on Carnival, another constructive analyst vote that can support near‑term demand for shares. Carnival (CCL) Gets a Buy from Barclays
- Neutral Sentiment: Sanford C. Bernstein maintained a more cautious stance (hold rating earlier) and recently adjusted coverage/price views; the firm’s stance moderates upside expectations. Bernstein Keeps Their Hold Rating on Carnival (CCL)
- Negative Sentiment: Citigroup issued a pessimistic forecast for CCL’s stock price, adding downward pressure from a major bank’s outlook. Citigroup Issues Pessimistic Forecast for Carnival (NYSE:CCL) Stock Price
- Negative Sentiment: Wells Fargo cut its price target to $37.00, signaling less upside from current levels and contributing to analyst‑driven selling pressure. Wells Fargo & Company Lowers Carnival (NYSE:CCL) Price Target to $37.00
- Negative Sentiment: Sanford C. Bernstein lowered its price target to $28.70, tightening the range of analyst upside and adding to cautious sentiment. Sanford C. Bernstein Lowers Carnival (NYSE:CCL) Price Target to $28.70
- Negative Sentiment: Q1 results: revenue roughly met expectations and EPS beat modestly, but management lowered near‑term guidance and warned of significant fuel cost headwinds — the main driver of near‑term downward revisions. CCL Q1 Deep Dive: Lowered Guidance and Fuel Costs Weigh on Cruise Giant’s Outlook
- Negative Sentiment: Commentators (TipRanks, MarketBeat) highlighted strong bookings but emphasized fuel and cautious guidance as reasons the stock sold off after earnings. Carnival Corporation Signals Strong Q1, Fuel Headwinds
- Negative Sentiment: Media/TV commentary (Jim Cramer) favored Viking over Carnival, a sentiment cue that can influence retail flows away from CCL. Jim Cramer Recommends Viking Holdings Over Carnival Corporation and Royal Caribbean
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.
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