Mizuho Cuts Carnival (NYSE:CCL) Price Target to $38.00

Carnival (NYSE:CCL) had its price objective trimmed by Mizuho from $39.00 to $38.00 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also issued reports on the company. Wells Fargo & Company dropped their target price on Carnival from $38.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, September 14th. Citigroup increased their price target on Carnival from $35.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Barclays lowered their price objective on Carnival from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Wednesday, September 16th. Weiss Ratings downgraded Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 10th. Finally, Susquehanna cut their target price on Carnival from $33.00 to $28.00 and set a “positive” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Carnival presently has a consensus rating of “Moderate Buy” and an average target price of $34.14.

Carnival Stock Performance

Carnival stock opened at $25.83 on Wednesday. Carnival has a 12-month low of $21.45 and a 12-month high of $34.03. The company has a market capitalization of $34.74 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 1.07 and a beta of 2.38. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.27 and a quick ratio of 0.29. The firm’s fifty day moving average price is $25.22 and its 200 day moving average price is $26.33.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, September 29th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. On average, research analysts forecast that Carnival will post 2.27 EPS for the current fiscal year.

Carnival Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 7th. Carnival’s payout ratio is currently 27.03%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. QRG Capital Management Inc. lifted its stake in Carnival by 36.8% during the second quarter. QRG Capital Management Inc. now owns 572,743 shares of the company’s stock worth $16,363,000 after purchasing an additional 154,101 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Carnival by 261.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 91,409 shares of the company’s stock worth $2,612,000 after purchasing an additional 66,100 shares during the period. Envestnet Asset Management Inc. increased its stake in Carnival by 330.7% during the second quarter. Envestnet Asset Management Inc. now owns 3,827,261 shares of the company’s stock valued at $109,345,000 after purchasing an additional 2,938,650 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Carnival by 25.8% during the second quarter. Sequoia Financial Advisors LLC now owns 69,664 shares of the company’s stock valued at $1,990,000 after purchasing an additional 14,273 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of Carnival by 37.1% during the second quarter. Tidal Investments LLC now owns 130,662 shares of the company’s stock worth $3,733,000 after purchasing an additional 35,373 shares during the period. 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: Carnival Cruise Line opened bookings for its 2028–2029 West Coast deployment, covering Alaska, Hawaii and Mexico. The expanded itinerary offering supports longer-term capacity utilization and revenue visibility. Carnival Cruise Line opens West Coast deployment
• Positive Sentiment: Recent quarterly results exceeded expectations, with earnings per share and revenue beating consensus. Management commentary also pointed to record booking trends, strong pricing and sustained demand, reinforcing the view that Carnival’s earnings recovery remains intact. Carnival Corporation’s Q3 Earnings Beat
• Positive Sentiment: An analysis argues that fuel and broader macroeconomic risks may be overstated, while travelers continue accepting higher cruise prices. Carnival’s new cruise AI app is also viewed as a potential way to improve customer engagement and onboard revenue. Carnival fuel and macro risks analysis
• Positive Sentiment: Freedom Broker raised its price target and maintained a buy rating, while Barclays reaffirmed its buy recommendation. Heavy trading in Carnival call options also indicates bullish speculative interest.
• Neutral Sentiment: Carnival registered a broad shelf offering that could allow it to issue stock, debt or other securities for refinancing, investments or balance-sheet management. The added financial flexibility is useful, but no immediate issuance was announced. Carnival registers broad shelf of securities
• Negative Sentiment: BNP Paribas Exane, Mizuho, Argus and Wells Fargo reduced their price targets, citing valuation, fuel-cost exposure and macroeconomic uncertainty. BMO also issued a hold rating, creating a more cautious analyst backdrop despite several remaining buy or overweight ratings.

Carnival Company Profile

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.