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

Shares of Carnival Co. & plc (NYSE:CCL) have been assigned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $23.78.

A number of brokerages recently issued reports on CCL. Mizuho raised their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Bank of America lifted their target price on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Tigress Financial lifted their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Finally, Truist Financial lifted their target price on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the sale, the director now owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.00% of the stock is owned by corporate insiders.

Institutional Trading of Carnival Co. &

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new stake in shares of Carnival Co. & in the third quarter valued at $25,000. Family Firm Inc. purchased a new stake in shares of Carnival Co. & in the second quarter valued at $26,000. Hantz Financial Services Inc. purchased a new stake in shares of Carnival Co. & in the second quarter valued at $30,000. Assetmark Inc. lifted its position in shares of Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after acquiring an additional 1,546 shares in the last quarter. Finally, CVA Family Office LLC lifted its position in Carnival Co. & by 163.9% during the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after buying an additional 1,205 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Trading Up 0.8 %

Shares of CCL stock opened at $24.51 on Tuesday. The stock’s fifty day moving average is $20.48 and its two-hundred day moving average is $17.75. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The firm has a market capitalization of $28.29 billion, a P/E ratio of 21.88 and a beta of 2.66. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $24.99.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. Research analysts expect that Carnival Co. & will post 1.33 earnings per share for the current fiscal year.

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.