Carnival (NYSE:CCL) Hits New 12-Month Low – Should You Sell?

Carnival Corporation (NYSE:CCL) shares hit a new 52-week low during trading on Monday . The company traded as low as $21.81 and last traded at $22.1470, with a volume of 27218958 shares trading hands. The stock had previously closed at $21.84.

Analysts Set New Price Targets

CCL has been the subject of several research analyst reports. TD Cowen upgraded Carnival to a “strong-buy” rating in a research note on Tuesday, September 8th. The Goldman Sachs Group dropped their price target on shares of Carnival from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday. Weiss Ratings downgraded shares of Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 10th. Citigroup raised their price objective on shares of Carnival from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Finally, Sanford C. Bernstein lowered shares of Carnival from a “market perform” rating to a “market perform” rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.42.

Carnival Price Performance

The stock has a market capitalization of $30.25 billion, a P/E ratio of 9.94, a PEG ratio of 0.95 and a beta of 2.31. The company has a 50 day moving average of $25.81 and a 200-day moving average of $26.53. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.80.

Carnival (NYSE:CCL) last released its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The firm had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. Sell-side analysts predict that Carnival Corporation will post 2.21 EPS for the current year.

Carnival Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, August 7th. Carnival’s payout ratio is presently 27.03%.

Institutional Trading of Carnival

Several hedge funds have recently made changes to their positions in CCL. Ancora Advisors LLC lifted its holdings in shares of Carnival by 66.4% in the second quarter. Ancora Advisors LLC now owns 1,015 shares of the company’s stock valued at $29,000 after buying an additional 405 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Carnival by 1.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 33,540 shares of the company’s stock worth $1,024,000 after acquiring an additional 408 shares during the period. Sims Investment Management LLC raised its position in Carnival by 0.8% in the first quarter. Sims Investment Management LLC now owns 56,299 shares of the company’s stock worth $1,457,000 after acquiring an additional 470 shares in the last quarter. Lido Advisors LLC lifted its holdings in Carnival by 0.9% in the 4th quarter. Lido Advisors LLC now owns 58,620 shares of the company’s stock valued at $1,703,000 after acquiring an additional 507 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC boosted its position in shares of Carnival by 107.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock valued at $27,000 after purchasing an additional 542 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Company Profile

Carnival Corporation & plc is a global leisure travel company that operates cruise lines and related vacation businesses. Its cruise brands serve travelers in North America, Europe, Australia, and other international markets, offering ocean voyages to destinations throughout the Caribbean, Europe, Alaska, Asia, Australia, and other regions.

The company’s brand portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises, and P&O Cruises Australia.