Brokerages Set Carnival Co. & plc (NYSE:CCL) PT at $26.85

Carnival Co. & plc (NYSE:CCL) has been assigned a consensus rating of “Moderate Buy” from the eighteen research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $27.18.

Several research firms have recently weighed in on CCL. Barclays lifted 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. The Goldman Sachs Group lifted their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Mizuho increased their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Tigress Financial lifted their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Finally, Wells Fargo & Company boosted their price target on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th.

Insider Buying and Selling at Carnival Co. &

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 sale, the director now directly owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This represents a 21.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCL. Ashton Thomas Securities LLC purchased a new position in Carnival Co. & during the third quarter valued at approximately $25,000. Assetmark Inc. increased its holdings in Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after acquiring an additional 1,546 shares in the last quarter. CVA Family Office LLC lifted its holdings in Carnival Co. & by 163.9% during the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of Carnival Co. & in the third quarter valued at about $46,000. Finally, Avior Wealth Management LLC increased its stake in Carnival Co. & by 50.7% during the 3rd quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock worth $51,000 after buying an additional 924 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Stock Performance

NYSE:CCL opened at $24.30 on Wednesday. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $27.17. The firm has a market capitalization of $28.05 billion, a PE ratio of 21.70 and a beta of 2.64. 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’s fifty day moving average is $25.06 and its 200 day moving average is $20.41.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earned ($0.07) earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Carnival Co. & will post 1.33 earnings per share for the current year.

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.