Carnival (NYSE:CCL) Price Target Lowered to $39.00 at JPMorgan Chase & Co.

Carnival (NYSE:CCL) had its price objective reduced by JPMorgan Chase & Co. from $43.00 to $39.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 80.51% from the company’s current price.

CCL has been the topic of a number of other reports. Argus set a $35.00 target price on shares of Carnival in a research report on Friday, June 26th. Melius Research set a $36.00 price objective on Carnival in a research report on Wednesday, June 17th. Sanford C. Bernstein lowered shares of Carnival from a “market perform” rating to a “market perform” rating in a research note on Tuesday, June 23rd. Weiss Ratings cut Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 10th. Finally, BMO Capital Markets initiated coverage on Carnival in a report on Tuesday, July 7th. They set a “market perform” rating and a $30.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.45.

Carnival Price Performance

Shares of NYSE CCL traded down $0.20 during midday trading on Thursday, reaching $21.61. 5,455,556 shares of the stock traded hands, compared to its average volume of 23,737,607. The company’s 50 day moving average is $25.55 and its 200 day moving average is $26.41. Carnival has a one year low of $21.50 and a one year high of $34.03. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.29. The stock has a market capitalization of $29.59 billion, a PE ratio of 9.74, a P/E/G ratio of 0.97 and a beta of 2.31.

Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Carnival’s revenue was up 5.3% on a year-over-year basis. On average, equities research analysts anticipate that Carnival will post 2.21 earnings per share for the current year.

Institutional Investors Weigh In On Carnival

A number of institutional investors have recently added to or reduced their stakes in CCL. QRG Capital Management Inc. raised its stake in shares of Carnival by 36.8% during the 2nd quarter. QRG Capital Management Inc. now owns 572,743 shares of the company’s stock worth $16,363,000 after buying an additional 154,101 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Carnival by 261.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 91,409 shares of the company’s stock worth $2,612,000 after acquiring an additional 66,100 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Carnival by 330.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,827,261 shares of the company’s stock worth $109,345,000 after acquiring an additional 2,938,650 shares during the period. Sequoia Financial Advisors LLC boosted its position in Carnival by 25.8% during the second quarter. Sequoia Financial Advisors LLC now owns 69,664 shares of the company’s stock worth $1,990,000 after purchasing an additional 14,273 shares in the last quarter. Finally, Tidal Investments LLC increased its position in shares of Carnival by 37.1% in the second quarter. Tidal Investments LLC now owns 130,662 shares of the company’s stock valued at $3,733,000 after buying an additional 35,373 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Key Stories Impacting Carnival

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Value investors may see Carnival as inexpensive: the company generated free cash flow equal to roughly 9.7% of its market value over the past year, while its valuation remains below historical and broader-market levels. Analysts continue to see longer-term upside, with TD Cowen maintaining a Buy rating despite reducing its price target to $32 from $34. Carnival Corp Stock Looks Cheap to Value Investors Ahead of Earnings Next Week TD Cowen Adjusts Price Target on Carnival
• Positive Sentiment: Analysts expect Carnival could beat upcoming earnings estimates, supported by revenue growth, resilient demand and improved profitability. The company previously reported quarterly EPS above consensus, although revenue slightly missed expectations. Carnival Expected to Beat Earnings Estimates
• Positive Sentiment: Princess Cruises, Carnival’s brand, is promoting holiday sailings to Hawaii, the Caribbean, Mexico and the Panama Canal. The seasonal offering could support bookings and onboard revenue during a key travel period. Princess Cruises Invites Guests to Celebrate the Holidays at Sea
• Neutral Sentiment: Jefferies retained its Buy rating but reduced its 2026 revenue estimate by 1% and cut its 2026 and 2027 EPS forecasts by 3%, reflecting increased fuel expenses and weaker pricing. Carnival Faces Fuel and Pricing Headwinds
• Negative Sentiment: Carnival lowered its 2026 yield outlook after conflict in the Middle East disrupted European sailings. Management reportedly chose to protect ticket prices rather than fill cabins, indicating that the issue may be regional and strategic rather than a broad collapse in cruise demand. Should You Buy Carnival Stock While Europe Sails Emptier?
• Negative Sentiment: A sharp selloff in Royal Caribbean following its proposed $3 billion Sandals Resorts stake purchase weighed on Carnival and Norwegian as investors reassessed cruise-sector strategy and valuation. This appears to be an industry-wide sentiment effect rather than a Carnival-specific announcement. Royal Caribbean, Carnival and Norwegian Slide

About Carnival

Carnival Corporation & plc is a global leisure travel company that operates cruise lines and related vacation businesses. Its cruise brands serve travelers in North America, Europe, Australia, and other international markets, offering ocean voyages to destinations throughout the Caribbean, Europe, Alaska, Asia, Australia, and other regions.

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