Sanford C. Bernstein Begins Coverage on Carnival Co. & (NYSE:CCL)

Sanford C. Bernstein started coverage on shares of Carnival Co. & (NYSE:CCL) in a research report released on Tuesday, MarketBeat Ratings reports. The firm issued a market perform rating and a $26.00 price objective on the stock.

CCL has been the subject of a number of other reports. Morgan Stanley raised their price target on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, October 1st. Barclays increased their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Citigroup lifted their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Mizuho increased their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Finally, Stifel Nicolaus boosted their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus price target of $23.91.

Carnival Co. & Stock Up 1.2 %

CCL opened at $25.44 on Tuesday. The company’s 50-day moving average price is $21.84 and its two-hundred day moving average price is $18.37. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. Carnival Co. & has a twelve month low of $13.78 and a twelve month high of $25.80. The stock has a market cap of $29.36 billion, a price-to-earnings ratio of 22.71 and a beta of 2.66.

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

Insiders Place Their Bets

In other news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 11.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Carnival Co. &

Several hedge funds have recently bought and sold shares of CCL. Vaughan Nelson Investment Management L.P. increased its stake in shares of Carnival Co. & by 72.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock valued at $53,052,000 after purchasing an additional 1,204,500 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Carnival Co. & during the third quarter valued at $1,140,000. Commonwealth Equity Services LLC increased its holdings in Carnival Co. & by 1.0% in the 3rd 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 in the last quarter. DekaBank Deutsche Girozentrale raised its position in Carnival Co. & by 72.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock worth $4,223,000 after buying an additional 103,501 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in Carnival Co. & by 10.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock valued at $4,892,000 after acquiring an additional 24,198 shares during the period. 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.