Carnival (NYSE:CCL) Coverage Initiated at Wells Fargo & Company

Equities research analysts at Wells Fargo & Company initiated coverage on shares of Carnival (NYSE:CCL) in a note issued to investors on Tuesday. The firm set an “overweight” rating and a $37.00 price target on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 45.81% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Citigroup raised their target price on shares of Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Stifel Nicolaus raised their price objective on shares of Carnival from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Barclays upped their target price on shares of Carnival from $33.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, September 17th. Tigress Financial raised their price target on Carnival from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, Argus decreased their price objective on Carnival from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Carnival presently has an average rating of “Moderate Buy” and a consensus target price of $33.33.

Carnival Price Performance

CCL opened at $25.38 on Tuesday. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30. The stock has a market capitalization of $29.63 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 0.57 and a beta of 2.67. The company’s 50 day simple moving average is $28.96 and its 200-day simple moving average is $27.63. Carnival has a one year low of $15.07 and a one year high of $32.80.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.11. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The firm had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the prior year, the business earned $1.27 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. Sell-side analysts anticipate that Carnival will post 1.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CCL. Causeway Capital Management LLC bought a new stake in shares of Carnival during the first quarter worth $518,816,000. Nuveen LLC bought a new position in Carnival during the 1st quarter worth about $432,718,000. Vanguard Group Inc. increased its holdings in Carnival by 6.0% during the 2nd quarter. Vanguard Group Inc. now owns 126,663,493 shares of the company’s stock worth $3,561,777,000 after purchasing an additional 7,157,739 shares in the last quarter. Holocene Advisors LP raised its stake in shares of Carnival by 184.3% in the 2nd quarter. Holocene Advisors LP now owns 10,289,947 shares of the company’s stock valued at $289,353,000 after purchasing an additional 6,669,935 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Carnival by 99.6% in the third quarter. Wellington Management Group LLP now owns 12,159,619 shares of the company’s stock valued at $351,535,000 after purchasing an additional 6,066,336 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.