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

Carnival Co. & (NYSE:CCL) had its price target increased by investment analysts at Truist Financial from $29.00 to $30.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 17.35% from the stock’s previous close.

A number of other equities analysts also recently issued reports on CCL. Citigroup increased their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Morgan Stanley lifted their price objective on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. Bank of America lifted their price objective on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Tigress Financial lifted their price objective on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Finally, The Goldman Sachs Group lifted their price objective on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One 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 company. According to MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.24.

Carnival Co. & Stock Performance

CCL traded down $0.05 on Friday, hitting $25.57. 9,794,881 shares of the company traded hands, compared to its average volume of 19,822,682. The stock has a market capitalization of $29.51 billion, a PE ratio of 18.43, a PEG ratio of 0.80 and a beta of 2.64. The company has a 50 day moving average of $25.31 and a 200-day moving average of $20.84. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $27.17. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.07) EPS. Sell-side analysts anticipate that Carnival Co. & will post 1.74 earnings per share for the current year.

Insider Buying and Selling at Carnival Co. &

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Carnival Co. & by 72.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock worth $53,052,000 after acquiring an additional 1,204,500 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Carnival Co. & in the third quarter worth about $1,140,000. Commonwealth Equity Services LLC lifted its stake in shares of Carnival Co. & by 1.0% in the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after acquiring an additional 39,491 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in Carnival Co. & by 10.1% during the third quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock valued at $4,892,000 after buying an additional 24,198 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in Carnival Co. & by 181.7% during the third quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock valued at $2,288,000 after buying an additional 79,857 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.