Carnival Co. & (NYSE:CCL) Research Coverage Started at Sanford C. Bernstein

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

A number of other brokerages have also weighed in on CCL. Barclays raised their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Stifel Nicolaus upped their price target on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Macquarie lifted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Finally, Mizuho boosted their price target 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. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.91.

Carnival Co. & Trading Down 0.8 %

CCL stock opened at $25.14 on Tuesday. The business has a fifty day moving average price of $21.71 and a 200 day moving average price of $18.30. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $25.80. The stock has a market capitalization of $29.02 billion, a price-to-earnings ratio of 22.45 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results 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. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the business posted $0.86 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. Analysts expect that Carnival Co. & will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction that occurred 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 transaction, the director now owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

Large investors have recently made changes to their positions in the stock. Encompass Wealth Advisors LLC boosted its stake in Carnival Co. & by 2.9% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after purchasing an additional 451 shares during the period. Metis Global Partners LLC boosted its position in shares of Carnival Co. & by 2.0% during the third quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock worth $599,000 after buying an additional 621 shares during the period. Continuum Advisory LLC grew its holdings in shares of Carnival Co. & by 22.1% during the second quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock worth $65,000 after buying an additional 630 shares in the last quarter. PFG Investments LLC raised its position in Carnival Co. & by 2.8% in the 3rd quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock valued at $437,000 after buying an additional 641 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in Carnival Co. & by 5.5% in the 3rd quarter. Synovus Financial Corp now owns 13,456 shares of the company’s stock valued at $249,000 after acquiring an additional 700 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

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.