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

Carnival Co. & (NYSE:CCL) had its price target boosted by Barclays from $31.00 to $32.00 in a research report sent to investors on Monday morning, MarketBeat reports. They currently have an overweight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Citigroup upped their target price on Carnival Co. & from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group upped their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Mizuho upped their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Truist Financial raised their price target on Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.85.

Carnival Co. & Stock Up 0.2 %

CCL stock opened at $25.79 on Monday. The firm has a market cap of $29.77 billion, a PE ratio of 23.03 and a beta of 2.67. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $27.17. The company has a fifty day simple moving average of $24.23 and a 200 day simple moving average of $19.66. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. Sell-side analysts anticipate that Carnival Co. & will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of the company’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 sale, the director now owns 65,789 shares of the company’s stock, valued at $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors have recently added to or reduced their stakes in CCL. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Carnival Co. & during the 2nd quarter worth approximately $466,838,000. Marshall Wace LLP raised its stake in Carnival Co. & by 510.5% during the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after acquiring an additional 8,638,865 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of Carnival Co. & by 8,431.1% during the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after acquiring an additional 6,566,120 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Carnival Co. & by 43.6% in the 2nd 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 in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Carnival Co. & by 2,400.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock worth $556,280,000 after purchasing an additional 2,889,785 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

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.