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

Carnival Co. & (NYSE:CCL) had its price target upped by Barclays from $31.00 to $32.00 in a research report report published on Monday, Marketbeat reports. They currently have an overweight rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Truist Financial boosted their price objective on shares of Carnival Co. & from $20.00 to $29.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Macquarie upped their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Tigress Financial lifted their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Finally, Wells Fargo & Company boosted their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $26.85.

Carnival Co. & Trading Up 0.2 %

CCL stock opened at $25.79 on Monday. The business has a fifty day moving average price of $24.23 and a 200 day moving average price of $19.66. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $27.17. The stock has a market capitalization of $29.77 billion, a price-to-earnings ratio of 23.03 and a beta of 2.67.

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

Insider Activity

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction dated 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 approximately $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 SEC, which is accessible through this link. 11.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Carnival Co. &

A number of hedge funds have recently modified their holdings of CCL. Principal Financial Group Inc. increased its stake in Carnival Co. & by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,161,417 shares of the company’s stock worth $21,463,000 after purchasing an additional 35,745 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Carnival Co. & by 8.5% during the third quarter. Franklin Resources Inc. now owns 58,985 shares of the company’s stock worth $1,192,000 after acquiring an additional 4,601 shares in the last quarter. Synovus Financial Corp raised its holdings in shares of Carnival Co. & by 5.5% during the third quarter. Synovus Financial Corp now owns 13,456 shares of the company’s stock worth $249,000 after acquiring an additional 700 shares during the period. Tidal Investments LLC lifted its position in Carnival Co. & by 2.9% in the 3rd quarter. Tidal Investments LLC now owns 73,147 shares of the company’s stock valued at $1,352,000 after acquiring an additional 2,033 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Carnival Co. & in the 3rd quarter worth $87,000. 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.