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

Carnival Co. & (NYSE:CCL) had its target price hoisted by Citigroup from $30.00 to $31.00 in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 20.20% from the company’s previous close.

CCL has been the topic of several other research reports. Truist Financial lifted their price target on shares of Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a report on Monday, December 2nd. Barclays boosted their price target on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday. Sanford C. Bernstein started coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective for the company. Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Finally, Mizuho lifted their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Carnival Co. & has an average rating of “Moderate Buy” and an average price target of $26.85.

Carnival Co. & Price Performance

NYSE CCL opened at $25.79 on Monday. The company has a 50-day moving average price of $24.14 and a 200-day moving average price of $19.59. Carnival Co. & has a 52 week low of $13.78 and a 52 week 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 firm has a market capitalization of $29.77 billion, a P/E ratio of 23.03 and a beta of 2.67.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the previous year, the firm posted ($0.07) EPS. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities research analysts anticipate that Carnival Co. & will post 1.33 earnings per share for the current year.

Insider Activity

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 transaction 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. This represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

A number of hedge funds have recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. raised its position in shares of Carnival Co. & by 72.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock valued at $53,052,000 after purchasing an additional 1,204,500 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Carnival Co. & in the 3rd quarter valued at $1,140,000. Commonwealth Equity Services LLC raised its stake in Carnival Co. & by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after acquiring an additional 39,491 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in Carnival Co. & by 10.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock valued at $4,892,000 after purchasing an additional 24,198 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Carnival Co. & by 181.7% in the third quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock valued at $2,288,000 after purchasing an additional 79,857 shares during the period. 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.