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

Carnival Co. & (NYSE:CCL) had its price objective hoisted by Stifel Nicolaus from $27.00 to $32.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 21.95% from the stock’s previous close.

Several other research firms have also recently issued reports on CCL. Macquarie upped their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. The Goldman Sachs Group boosted their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday. Truist Financial increased their price target on Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Mizuho boosted their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Morgan Stanley raised their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, October 1st. One equities research 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $25.79.

Carnival Co. & Price Performance

CCL stock traded up $0.85 during trading hours on Tuesday, hitting $26.24. 8,886,942 shares of the stock traded hands, compared to its average volume of 28,876,736. The stock has a 50-day simple moving average of $22.75 and a 200 day simple moving average of $18.88. The company has a market cap of $30.29 billion, a P/E ratio of 23.44 and a beta of 2.67. Carnival Co. & has a one year low of $13.78 and a one year 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.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same quarter last year, the firm posted $0.86 EPS. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. Equities analysts forecast 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 Carnival Co. & stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Encompass Wealth Advisors LLC increased its position in Carnival Co. & by 2.9% during the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after buying an additional 451 shares during the last quarter. Metis Global Partners LLC raised its stake in shares of Carnival Co. & by 2.0% in the 3rd quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock valued at $599,000 after acquiring an additional 621 shares in the last quarter. Continuum Advisory LLC lifted its holdings in Carnival Co. & by 22.1% in the 2nd quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock worth $65,000 after purchasing an additional 630 shares during the last quarter. PFG Investments LLC boosted its position in Carnival Co. & by 2.8% during the third quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock worth $437,000 after purchasing an additional 641 shares during the period. Finally, Synovus Financial Corp grew its holdings in Carnival Co. & by 5.5% during the third quarter. Synovus Financial Corp now owns 13,456 shares of the company’s stock valued at $249,000 after purchasing an additional 700 shares during the last quarter. 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.