Carnival Co. & (NYSE:CCL) Given New $34.00 Price Target at Stifel Nicolaus

Carnival Co. & (NYSE:CCL) had its price objective raised by Stifel Nicolaus from $32.00 to $34.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 26.87% from the company’s previous close.

CCL has been the subject of a number of other reports. Bank of America increased their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group raised their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Morgan Stanley upped their price objective on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 1st. Macquarie lifted their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, Mizuho upped their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.79.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock opened at $26.80 on Monday. The stock has a market cap of $30.93 billion, a P/E ratio of 23.93 and a beta of 2.67. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The stock’s fifty day moving average is $24.03 and its 200 day moving average is $19.51. Carnival Co. & has a one year low of $13.78 and a one year high of $27.17.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.07) EPS. Sell-side analysts anticipate that Carnival Co. & will post 1.33 earnings per share for the current year.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 11.00% of the stock is owned by insiders.

Institutional Trading of Carnival Co. &

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ashton Thomas Securities LLC purchased a new position in shares of Carnival Co. & during the third quarter valued at approximately $25,000. Hantz Financial Services Inc. purchased a new stake in shares of Carnival Co. & in the 2nd quarter worth approximately $30,000. Assetmark Inc. boosted its position in Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after acquiring an additional 1,546 shares in the last quarter. CVA Family Office LLC boosted its position in Carnival Co. & by 163.9% during the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new position in shares of Carnival Co. & in the 3rd quarter worth approximately $46,000. Hedge funds and other 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.