Carnival Co. & (NYSE:CCL) Receives “Outperform” Rating from William Blair

William Blair reiterated their outperform rating on shares of Carnival Co. & (NYSE:CCL) in a research note published on Monday, RTT News reports. William Blair also issued estimates for Carnival Co. &’s Q4 2024 earnings at $0.04 EPS, FY2024 earnings at $0.98 EPS, FY2025 earnings at $1.62 EPS and FY2026 earnings at $1.86 EPS.

Several other analysts have also recently issued reports on the company. Tigress Financial upped their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company a buy rating in a research note on Wednesday, April 3rd. Stifel Nicolaus lowered their target price on Carnival Co. & from $26.00 to $25.00 and set a buy rating for the company in a report on Thursday, March 28th. JPMorgan Chase & Co. upped their target price on Carnival Co. & from $22.00 to $23.00 and gave the company an overweight rating in a report on Thursday, March 28th. Argus lowered their target price on Carnival Co. & from $23.00 to $20.00 and set a buy rating for the company in a report on Monday, April 1st. Finally, Truist Financial upped their target price on Carnival Co. & from $15.00 to $18.00 and gave the company a hold rating in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $21.47.

Carnival Co. & Trading Up 1.5 %

Shares of NYSE CCL opened at $15.01 on Monday. The stock’s 50 day moving average price is $15.58 and its two-hundred day moving average price is $15.44. Carnival Co. & has a 52-week low of $8.70 and a 52-week high of $19.74. The stock has a market capitalization of $16.85 billion, a P/E ratio of 57.73 and a beta of 2.54. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the prior year, the firm posted ($0.55) earnings per share. Carnival Co. &’s revenue for the quarter was up 22.0% compared to the same quarter last year. On average, analysts anticipate that Carnival Co. & will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total value of $2,366,903.15. Following the completion of the sale, the chief financial officer now directly owns 181,981 shares in the company, valued at $2,797,047.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently modified their holdings of CCL. Richardson Capital Management LLC acquired a new stake in shares of Carnival Co. & during the 1st quarter valued at $26,000. Friedenthal Financial acquired a new stake in shares of Carnival Co. & during the 4th quarter valued at $28,000. Hanseatic Management Services Inc. acquired a new stake in shares of Carnival Co. & during the 3rd quarter valued at $30,000. ICA Group Wealth Management LLC purchased a new stake in shares of Carnival Co. & in the fourth quarter valued at $31,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Carnival Co. & by 67.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after purchasing an additional 739 shares in the last quarter. 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.