Argus Cuts Carnival (NYSE:CCL) Price Target to $30.00

Carnival (NYSE:CCL) had its target price lowered by Argus from $35.00 to $30.00 in a research report sent to investors on Thursday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

CCL has been the subject of several other reports. Citigroup boosted their target price on Carnival from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. BMO Capital Markets initiated coverage on shares of Carnival in a research report on Tuesday, July 7th. They issued a “market perform” rating and a $30.00 price target on the stock. TD Cowen reduced their price objective on shares of Carnival from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, September 22nd. Tigress Financial raised their target price on shares of Carnival from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Finally, UBS Group reiterated a “buy” rating and issued a $36.00 target price on shares of Carnival in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Carnival currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.14.

Carnival Price Performance

NYSE CCL opened at $25.83 on Thursday. Carnival has a fifty-two week low of $21.45 and a fifty-two week high of $34.03. The stock’s 50-day moving average is $25.22 and its two-hundred day moving average is $26.33. 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 has a market cap of $34.74 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 1.10 and a beta of 2.38.

Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.08. The company had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.39 billion. Carnival had a return on equity of 24.83% and a net margin of 11.37%.The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company 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, analysts anticipate that Carnival will post 2.27 earnings per share for the current fiscal year.

Carnival Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 7th. Carnival’s dividend payout ratio (DPR) is presently 26.20%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CCL. Manning & Napier Advisors LLC bought a new position in Carnival in the second quarter worth $25,000. Axiom Investment Management LLC acquired a new stake in Carnival during the second quarter worth $29,000. Ancora Advisors LLC bought a new stake in Carnival in the 2nd quarter valued at $29,000. Basecamp Wealth Advisors LLC increased its holdings in Carnival by 107.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock valued at $27,000 after buying an additional 542 shares during the period. Finally, Reflection Asset Management acquired a new position in shares of Carnival in the 4th quarter valued at $32,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Key Carnival News

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.