Carnival Co. & (NYSE:CCL) Price Target Raised to $32.00

Carnival Co. & (NYSE:CCL) had its price objective raised by The Goldman Sachs Group from $24.00 to $32.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also issued reports on the company. Sanford C. Bernstein began coverage on Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective for the company. Macquarie boosted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Citigroup boosted their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Barclays boosted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. One 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.79.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $25.86 on Tuesday. Carnival Co. & has a twelve month low of $13.78 and a twelve month high of $27.17. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $29.84 billion, a price-to-earnings ratio of 23.08 and a beta of 2.67. The business has a 50 day simple moving average of $22.75 and a 200-day simple moving average of $18.88.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same period in the previous year, the business earned $0.86 EPS. The business’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, equities research analysts expect that Carnival Co. & will post 1.33 earnings per share for the current year.

Insider Transactions at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the sale, the director now owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.00% of the company’s stock.

Institutional Trading of Carnival Co. &

A number of hedge funds and other institutional investors have recently modified their holdings of CCL. Sequoia Financial Advisors LLC raised its position in shares of Carnival Co. & by 2.9% during the second quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock worth $490,000 after purchasing an additional 737 shares during the period. Wedmont Private Capital raised its position in shares of Carnival Co. & by 9.3% during the second quarter. Wedmont Private Capital now owns 12,109 shares of the company’s stock worth $221,000 after purchasing an additional 1,035 shares during the period. Great Valley Advisor Group Inc. raised its position in shares of Carnival Co. & by 5.7% during the second quarter. Great Valley Advisor Group Inc. now owns 21,446 shares of the company’s stock worth $401,000 after purchasing an additional 1,159 shares during the period. V Square Quantitative Management LLC raised its position in shares of Carnival Co. & by 8.5% during the second quarter. V Square Quantitative Management LLC now owns 13,637 shares of the company’s stock worth $255,000 after purchasing an additional 1,069 shares during the period. Finally, ORG Partners LLC acquired a new stake in shares of Carnival Co. & during the second quarter worth $37,000. Institutional investors own 67.19% of the company’s stock.

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.