Carnival Co. & (NYSE:CCL) Price Target Raised to $30.00 at Truist Financial

Carnival Co. & (NYSE:CCL) had its target price increased by investment analysts at Truist Financial from $29.00 to $30.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target would indicate a potential upside of 17.35% from the stock’s previous close.

Several other equities analysts have also commented on CCL. Morgan Stanley upped their target price on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. Tigress Financial increased their price objective on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Sanford C. Bernstein started coverage on Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective for the company. Stifel Nicolaus increased their price objective on Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, Barclays upped their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.24.

Carnival Co. & Stock Down 0.2 %

NYSE CCL traded down $0.05 on Friday, hitting $25.57. 9,794,881 shares of the stock traded hands, compared to its average volume of 19,822,682. The company has a market capitalization of $29.51 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 0.80 and a beta of 2.64. The stock has a 50-day moving average of $25.31 and a 200 day moving average of $20.84. Carnival Co. & has a twelve month low of $13.78 and a twelve month high of $27.17. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) earnings per share. As a group, analysts expect that Carnival Co. & will post 1.74 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Carnival Co. &

Hedge funds have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. increased its stake in shares of Carnival Co. & by 72.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock worth $53,052,000 after acquiring an additional 1,204,500 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Carnival Co. & during the third quarter worth $1,140,000. Commonwealth Equity Services LLC increased its position in Carnival Co. & by 1.0% during the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after buying an additional 39,491 shares during the last quarter. Wedge Capital Management L L P NC increased its position in Carnival Co. & by 10.1% during the third quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock worth $4,892,000 after buying an additional 24,198 shares during the last quarter. Finally, Cerity Partners LLC increased its position in Carnival Co. & by 181.7% during the third quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock worth $2,288,000 after buying an additional 79,857 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.