Carnival Corp's shares have fallen 27% since August due to rising oil prices increasing fuel costs. Bank of America lowered its price target from $42 to $38 but kept a 'buy' rating, citing Carnival's unique exposure as the only major cruise line without fuel hedging. The bank cut its fourth-quarter and 2027 earnings per share estimates, expecting fuel costs to impact earnings more in Q4. Despite this, third-quarter earnings estimates remain steady, supported by strong cruise demand and spending growth. BofA also encourages Carnival to continue share buybacks amid recent stock weakness.
Carnival Corp has a market cap of $29.86 billion and a dividend yield of 2.06% as of September 25, 2026, 02:01 WIB. The stock price on Pluang is $21.81 with a minimal 1-day change of +0.05%, while trading volume is 28,540,593 shares. Despite recent price target cuts by Bank of America, Pluang investors show strong buying interest with 99% buy orders and a typical hold time of 106 days.
Carnival Corp faces challenges from higher fuel prices and weaker pricing, leading Jefferies to lower its earnings estimates before the company's Q3 results on September 29. Fuel costs have risen sharply, with Brent crude up 33% since June, and Carni...
Royal Caribbean Group announced it will acquire a 50% stake in Sandals and Beaches Resorts for about $3 billion, funded by debt from Morgan Stanley. The deal values Sandals at a 10x forward EBITDA multiple and is expected to boost Royal Caribbean's e...
