Carnival Co. & (NYSE:CCL) Updates Q4 Earnings Guidance

Carnival Co. & (NYSE:CCL) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.05 for the period, compared to the consensus estimate of $0.07. Carnival Co. & also updated its FY 2024 guidance to 1.330-1.330 EPS.

Analysts Set New Price Targets

CCL has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on Carnival Co. & from $23.00 to $25.00 and gave the stock an overweight rating in a research report on Wednesday, July 24th. Morgan Stanley boosted their price target on shares of Carnival Co. & from $13.50 to $15.00 and gave the company an underweight rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a hold rating in a research report on Wednesday, June 26th. Susquehanna reiterated a positive rating and issued a $22.00 target price on shares of Carnival Co. & in a report on Wednesday, June 26th. Finally, Truist Financial increased their price target on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a hold rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $22.63.

Carnival Co. & Price Performance

CCL stock opened at $18.49 on Tuesday. The business’s fifty day moving average price is $16.60 and its 200 day moving average price is $16.24. Carnival Co. & has a 12-month low of $10.84 and a 12-month high of $19.74. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The company has a market capitalization of $20.75 billion, a PE ratio of 28.45 and a beta of 2.68.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.