Argus Reaffirms Buy Rating for Carnival (NYSE:CCL)

Carnival (NYSE:CCL)‘s stock had its “buy” rating reaffirmed by analysts at Argus in a note issued to investors on Monday,Benzinga reports. They currently have a $35.00 price target on the stock. Argus’ price objective suggests a potential upside of 12.45% from the company’s previous close.

CCL has been the subject of several other reports. Deutsche Bank Aktiengesellschaft set a $33.00 price target on shares of Carnival in a research note on Tuesday, December 16th. JPMorgan Chase & Co. boosted their target price on Carnival from $34.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, September 15th. Morgan Stanley increased their target price on Carnival from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Barclays reduced their price target on Carnival from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $34.00 price objective on shares of Carnival in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.14.

Carnival Price Performance

NYSE CCL opened at $31.13 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10. The company has a market cap of $36.34 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 0.58 and a beta of 2.53. Carnival has a 52 week low of $15.07 and a 52 week high of $32.80. The firm’s 50-day simple moving average is $27.26 and its two-hundred day simple moving average is $28.37.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Friday, December 19th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.25 by $0.09. The company had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.38 billion. Carnival had a net margin of 10.07% and a return on equity of 27.86%. Carnival’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 earnings per share. Carnival has set its Q1 2026 guidance at 0.170-0.170 EPS and its FY 2026 guidance at 2.480-2.48 EPS. Research analysts predict that Carnival will post 1.77 earnings per share for the current year.

Institutional Trading of Carnival

Several hedge funds have recently bought and sold shares of CCL. REAP Financial Group LLC grew its holdings in Carnival by 10.5% during the second quarter. REAP Financial Group LLC now owns 3,678 shares of the company’s stock valued at $103,000 after purchasing an additional 349 shares during the period. Eagle Wealth Strategies LLC lifted its holdings in Carnival by 1.4% during the second quarter. Eagle Wealth Strategies LLC now owns 25,967 shares of the company’s stock worth $730,000 after acquiring an additional 369 shares in the last quarter. 1834 Investment Advisors Co. lifted its holdings in Carnival by 1.6% during the second quarter. 1834 Investment Advisors Co. now owns 23,964 shares of the company’s stock worth $674,000 after acquiring an additional 372 shares in the last quarter. Commonwealth Financial Services LLC grew its stake in Carnival by 3.6% in the third quarter. Commonwealth Financial Services LLC now owns 10,957 shares of the company’s stock valued at $317,000 after acquiring an additional 379 shares during the period. Finally, Brooklyn Investment Group increased its holdings in shares of Carnival by 1.9% in the third quarter. Brooklyn Investment Group now owns 21,363 shares of the company’s stock worth $618,000 after acquiring an additional 396 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Company Profile

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.