Wells Fargo & Company Issues Pessimistic Forecast for Carnival (NYSE:CCL) Stock Price

Carnival (NYSE:CCL) had its price target decreased by analysts at Wells Fargo & Company from $37.00 to $34.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 31.70% from the stock’s current price.

CCL has been the subject of several other research reports. UBS Group reaffirmed a “buy” rating on shares of Carnival in a report on Tuesday, November 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Carnival in a report on Wednesday, October 8th. Wall Street Zen downgraded Carnival from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Barclays lifted their price target on Carnival from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, September 17th. Finally, Mizuho upped their price objective on shares of Carnival from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.55.

Carnival Price Performance

Carnival stock opened at $25.82 on Monday. The company has a fifty day simple moving average of $27.73 and a 200-day simple moving average of $27.98. The firm has a market capitalization of $30.14 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 0.48 and a beta of 2.53. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10. Carnival has a 52-week low of $15.07 and a 52-week high of $32.80.

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

Institutional Trading of Carnival

Several institutional investors and hedge funds have recently bought and sold shares of CCL. Causeway Capital Management LLC acquired a new stake in shares of Carnival during the first quarter valued at about $518,816,000. Nuveen LLC acquired a new position in shares of Carnival in the 1st quarter worth approximately $432,718,000. Vanguard Group Inc. boosted its position in shares of 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 during the period. Holocene Advisors LP increased its holdings in 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 last quarter. Finally, Wellington Management Group LLP raised its position in 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 during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

About Carnival

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.