Carnival (NYSE:CCL) Price Target Raised to $38.00

Carnival (NYSE:CCL) had its target price lifted by TD Cowen from $35.00 to $38.00 in a research note published on Tuesday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other equities analysts have also recently commented on CCL. Stifel Nicolaus raised their target price on Carnival from $38.00 to $40.00 and gave the company a “buy” rating in a report on Monday, December 22nd. Wall Street Zen lowered shares of Carnival from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Morgan Stanley set a $33.00 price objective on shares of Carnival in a report on Wednesday, January 7th. Citigroup increased their target price on shares of Carnival from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, December 22nd. Finally, Argus reissued a “buy” rating and issued a $35.00 price target on shares of Carnival in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.87.

Carnival Trading Down 2.4%

NYSE CCL opened at $29.45 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.32 and a quick ratio of 0.28. The stock has a market capitalization of $34.38 billion, a P/E ratio of 14.73, a PEG ratio of 1.10 and a beta of 2.51. The firm’s 50-day moving average is $28.30 and its two-hundred day moving average is $29.21. Carnival has a 12 month low of $15.07 and a 12 month high of $32.89.

Carnival (NYSE:CCL) last announced its earnings results on Friday, December 19th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Carnival had a net margin of 10.37% and a return on equity of 28.39%. The firm had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period in the previous year, the firm earned $0.14 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Carnival has set its Q1 2026 guidance at 0.170-0.170 EPS and its FY 2026 guidance at 2.480-2.48 EPS. On average, sell-side analysts anticipate that Carnival will post 1.77 earnings per share for the current year.

Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, February 13th.

Hedge Funds Weigh In On Carnival

Institutional investors and hedge funds have recently modified their holdings of the company. Evolution Wealth Management Inc. acquired a new stake in Carnival in the second quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Carnival during the 3rd quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Carnival during the 2nd quarter worth about $28,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Carnival by 182.0% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,021 shares of the company’s stock worth $30,000 after purchasing an additional 659 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in Carnival in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

About Carnival

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.