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

Carnival Co. & (NYSE:CCL) had its price target upped by analysts at Barclays from $31.00 to $32.00 in a research note issued to investors on Monday, MarketBeat Ratings reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 24.08% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. Mizuho lifted their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Morgan Stanley upped their price target on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, October 1st. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Wells Fargo & Company upped their target price on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Tigress Financial boosted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.85.

Carnival Co. & Stock Up 0.2 %

CCL stock opened at $25.79 on Monday. The firm has a market cap of $29.77 billion, a PE ratio of 23.03 and a beta of 2.67. Carnival Co. & has a 12 month low of $13.78 and a 12 month 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. The firm has a 50 day simple moving average of $24.14 and a 200 day simple moving average of $19.59.

Carnival Co. & (NYSE:CCL) last announced 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. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. Carnival Co. &’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.07) earnings per share. Equities research analysts forecast that Carnival Co. & will post 1.33 earnings per share for the current fiscal year.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the firm’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 approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

Several institutional investors and hedge funds have recently bought and sold shares of CCL. Ashton Thomas Securities LLC acquired a new stake in shares of Carnival Co. & during the 3rd quarter valued at about $25,000. Hantz Financial Services Inc. acquired a new stake in Carnival Co. & during the second quarter valued at approximately $30,000. Assetmark Inc. grew its stake in shares of Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares during the period. CVA Family Office LLC raised its holdings in shares of Carnival Co. & by 163.9% in the 3rd 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 in the last quarter. Finally, Morse Asset Management Inc bought a new position in shares of Carnival Co. & during the 3rd quarter worth approximately $46,000. 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.