Carnival Co. & plc (NYSE:CCL) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Carnival Co. & plc (NYSE:CCL) have earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $26.85.

A number of brokerages recently issued reports on CCL. Macquarie boosted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target on the stock. Truist Financial upped their price target 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. Mizuho lifted their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Citigroup increased their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd.

Carnival Co. & Trading Down 1.3 %

Shares of CCL stock opened at $23.82 on Wednesday. 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 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. The company has a 50 day moving average of $24.93 and a 200-day moving average of $20.27. The firm has a market cap of $27.49 billion, a P/E ratio of 21.27 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last released 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. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same period last year, the business posted ($0.07) earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. Sell-side analysts anticipate that Carnival Co. & will post 1.33 earnings per share for the current year.

Insider Transactions 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 shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 11.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Range Financial Group LLC purchased a new stake in Carnival Co. & during the fourth quarter valued at about $439,000. Diversified Trust Co bought a new position in shares of Carnival Co. & during the 4th quarter valued at about $1,347,000. Everence Capital Management Inc. purchased a new position in shares of Carnival Co. & during the 4th quarter valued at about $525,000. GAMMA Investing LLC lifted its position in Carnival Co. & by 18.1% in the 4th quarter. GAMMA Investing LLC now owns 20,752 shares of the company’s stock worth $517,000 after buying an additional 3,181 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Carnival Co. & by 41.9% in the fourth quarter. Versant Capital Management Inc now owns 3,473 shares of the company’s stock worth $87,000 after buying an additional 1,026 shares in the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

About Carnival Co. &

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.