Truist Financial Issues Positive Forecast for Carnival Co. & (NYSE:CCL) Stock Price

Carnival Co. & (NYSE:CCL) had its price target increased by Truist Financial from $20.00 to $29.00 in a report released on Monday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential upside of 11.07% from the stock’s previous close.

CCL has been the topic of several other reports. Bank of America raised their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Mizuho lifted their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Macquarie upped their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Stifel Nicolaus raised their price objective on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Citigroup boosted their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and an average price target of $24.44.

Carnival Co. & Trading Up 0.5 %

Shares of NYSE:CCL opened at $26.11 on Monday. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $30.14 billion, a PE ratio of 23.31 and a beta of 2.67. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $26.66. The firm has a fifty day moving average price of $22.12 and a 200 day moving average price of $18.58.

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

Insider Activity

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 transaction of $380,100.00. Following the transaction, the director now owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 21.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 11.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Carnival Co. &

A number of institutional investors have recently modified their holdings of CCL. Franklin Resources Inc. raised its position in shares of Carnival Co. & by 8.5% during the third quarter. Franklin Resources Inc. now owns 58,985 shares of the company’s stock worth $1,192,000 after acquiring an additional 4,601 shares during the last quarter. Synovus Financial Corp increased its position in Carnival Co. & by 5.5% in the third quarter. Synovus Financial Corp now owns 13,456 shares of the company’s stock worth $249,000 after purchasing an additional 700 shares during the period. Tidal Investments LLC raised its holdings in Carnival Co. & by 2.9% during the 3rd quarter. Tidal Investments LLC now owns 73,147 shares of the company’s stock worth $1,352,000 after purchasing an additional 2,033 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Carnival Co. & during the 3rd quarter valued at about $87,000. Finally, World Investment Advisors LLC bought a new position in shares of Carnival Co. & in the 3rd quarter valued at about $252,000. 67.19% of the stock is owned by institutional investors.

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.