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

Carnival Co. & (NYSE:CCL) had its price target upped by investment analysts at Barclays from $31.00 to $32.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 19.40% from the stock’s previous close.

Several other equities research analysts have also commented on CCL. Morgan Stanley boosted their price target on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 1st. Sanford C. Bernstein started coverage on Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price on the stock. Mizuho raised their price target on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Citigroup boosted their price objective on shares of Carnival Co. & from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Tigress Financial raised their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $26.79.

Carnival Co. & Trading Up 6.4 %

NYSE:CCL opened at $26.80 on Monday. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $27.17. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The stock has a fifty day moving average price of $24.03 and a two-hundred day moving average price of $19.51. The stock has a market capitalization of $30.93 billion, a price-to-earnings ratio of 23.93 and a beta of 2.67.

Carnival Co. & (NYSE:CCL) last announced 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. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter last year, the firm posted ($0.07) EPS. The business’s revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Carnival Co. & will post 1.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’s 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 sale, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 11.00% of the stock is currently owned by insiders.

Institutional Trading of Carnival Co. &

Hedge funds have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after purchasing an additional 2,301,906 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Carnival Co. & during the second quarter worth about $466,838,000. Geode Capital Management LLC lifted its stake in shares of Carnival Co. & by 3.5% in the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock worth $442,515,000 after acquiring an additional 811,692 shares in the last quarter. Marshall Wace LLP boosted its holdings in Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after purchasing an additional 8,638,865 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Carnival Co. & by 43.6% in the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after purchasing an additional 2,911,100 shares during the last quarter. Hedge funds and other 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.