Carnival Co. & (NYSE:CCL) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Carnival Co. & (NYSE:CCL) had its price target boosted by Stifel Nicolaus from $32.00 to $34.00 in a research report report published on Monday, Marketbeat.com reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Barclays lifted their price target on Carnival Co. & from $26.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target for the company. Citigroup raised their price target on shares of Carnival Co. & from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Truist Financial upped their price objective on shares of Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Finally, Bank of America raised their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. 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 stock. Based on data from MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus target price of $26.85.

Carnival Co. & Trading Down 4.0 %

CCL stock opened at $25.73 on Monday. The company has a market capitalization of $29.70 billion, a PE ratio of 22.97 and a beta of 2.67. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. Carnival Co. & has a one year low of $13.78 and a one year high of $27.17. The company’s 50 day moving average price is $24.03 and its two-hundred day moving average price is $19.53.

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

Insider Buying and Selling at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the transaction, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.00% of the company’s stock.

Institutional Trading of Carnival Co. &

Several institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Carnival Co. & by 3.2% in the third quarter. Principal Financial Group Inc. now owns 1,161,417 shares of the company’s stock worth $21,463,000 after buying an additional 35,745 shares in the last quarter. Franklin Resources Inc. lifted its position in Carnival Co. & by 8.5% in the 3rd quarter. Franklin Resources Inc. now owns 58,985 shares of the company’s stock valued at $1,192,000 after acquiring an additional 4,601 shares in the last quarter. Synovus Financial Corp boosted its stake in Carnival Co. & by 5.5% during the 3rd quarter. Synovus Financial Corp now owns 13,456 shares of the company’s stock valued at $249,000 after purchasing an additional 700 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Carnival Co. & by 2.9% in 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Carnival Co. & in the third quarter worth $87,000. 67.19% of the stock is owned by hedge funds and other 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.