Stifel Nicolaus Issues Positive Forecast for Carnival Co. & (NYSE:CCL) Stock Price

Carnival Co. & (NYSE:CCL) had its price objective lifted by Stifel Nicolaus from $27.00 to $32.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

CCL has been the subject of a number of other reports. Sanford C. Bernstein initiated coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target for the company. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Mizuho raised their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. 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. Finally, Morgan Stanley increased their price objective on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.91.

Carnival Co. & Stock Down 1.6 %

CCL opened at $26.18 on Tuesday. The company has a market capitalization of $30.22 billion, a P/E ratio of 23.75 and a beta of 2.67. The firm’s fifty day moving average price is $23.09 and its two-hundred day moving average price is $19.01. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $27.17. 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. & (NYSE:CCL) last posted its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The company had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 earnings per share. On average, analysts anticipate that Carnival Co. & will post 1.33 EPS for the current year.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 65,789 shares in the company, valued at $1,428,937.08. The trade was a 21.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 11.00% of the stock is owned by company insiders.

Institutional Trading of Carnival Co. &

Institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. increased its stake 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 valued at $1,192,000 after purchasing an additional 4,601 shares in the last quarter. Synovus Financial Corp increased its position in Carnival Co. & by 5.5% during the third quarter. Synovus Financial Corp now owns 13,456 shares of the company’s stock valued at $249,000 after acquiring an additional 700 shares during the last quarter. Tidal Investments LLC lifted its holdings in Carnival Co. & by 2.9% in the third quarter. Tidal Investments LLC now owns 73,147 shares of the company’s stock valued at $1,352,000 after acquiring an additional 2,033 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Carnival Co. & in the 3rd quarter worth approximately $87,000. Finally, World Investment Advisors LLC purchased a new position in shares of Carnival Co. & during the 3rd quarter worth $252,000. Hedge funds and other 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.