Carnival Co. & (NYSE:CCL) Price Target Raised to $31.00

Carnival Co. & (NYSE:CCL) had its price objective upped by Citigroup from $30.00 to $31.00 in a research note released on Monday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Mizuho raised their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Macquarie lifted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Bank of America increased their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Morgan Stanley lifted their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 1st. Finally, Barclays increased their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday. 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 stock. According to data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and an average target price of $26.85.

Carnival Co. & Stock Up 0.2 %

Shares of CCL stock opened at $25.79 on Monday. The company’s fifty day simple moving average is $24.23 and its two-hundred day simple moving average is $19.66. Carnival Co. & has a 52 week low of $13.78 and a 52 week high of $27.17. The stock has a market cap of $29.77 billion, a P/E ratio of 23.03 and a beta of 2.67. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10.

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

Insider Transactions at Carnival Co. &

In related 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 transaction of $380,100.00. Following the transaction, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. The trade was a 21.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

Institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates grew its holdings in shares of Carnival Co. & by 6.6% during the second quarter. Raymond James & Associates now owns 483,794 shares of the company’s stock valued at $9,057,000 after buying an additional 30,001 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Carnival Co. & by 5.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 51,994 shares of the company’s stock valued at $973,000 after purchasing an additional 2,459 shares during the period. Atomi Financial Group Inc. raised its stake in shares of Carnival Co. & by 12.8% in the second quarter. Atomi Financial Group Inc. now owns 29,733 shares of the company’s stock worth $557,000 after purchasing an additional 3,379 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Carnival Co. & by 3.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 313,128 shares of the company’s stock worth $5,862,000 after purchasing an additional 10,035 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Carnival Co. & by 17.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 500,252 shares of the company’s stock worth $9,365,000 after buying an additional 74,894 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Company Profile

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.