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

Carnival Co. & (NYSE:CCL) had its target price hoisted by Citigroup from $28.00 to $30.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently commented on the company. Barclays increased their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Morgan Stanley increased their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, October 1st. Mizuho boosted their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Truist Financial upped their target price on shares of Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. Finally, The Goldman Sachs Group lifted their price target on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.21.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $25.90 on Wednesday. The firm’s fifty day moving average is $23.42 and its two-hundred day moving average is $19.14. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $27.17. The company has a market cap of $29.89 billion, a P/E ratio of 23.13 and a beta of 2.67. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The business’s revenue was up 15.2% compared to the same quarter last year. As a group, analysts anticipate that Carnival Co. & will post 1.33 EPS for the current fiscal year.

Insider Transactions at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction dated 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 owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Carnival Co. &

A number of hedge funds have recently added to or reduced their stakes in CCL. Sequoia Financial Advisors LLC boosted its holdings in shares of Carnival Co. & by 2.9% in the second quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock valued at $490,000 after purchasing an additional 737 shares during the period. Wedmont Private Capital grew its position in shares of Carnival Co. & by 9.3% during the 2nd quarter. Wedmont Private Capital now owns 12,109 shares of the company’s stock worth $221,000 after buying an additional 1,035 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in shares of Carnival Co. & by 5.7% during the second quarter. Great Valley Advisor Group Inc. now owns 21,446 shares of the company’s stock valued at $401,000 after buying an additional 1,159 shares during the period. V Square Quantitative Management LLC raised its holdings in shares of Carnival Co. & by 8.5% in the second quarter. V Square Quantitative Management LLC now owns 13,637 shares of the company’s stock valued at $255,000 after acquiring an additional 1,069 shares in the last quarter. Finally, ORG Partners LLC purchased a new stake in Carnival Co. & in the second quarter worth about $37,000. 67.19% of the stock is currently owned by institutional investors.

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.