Carnival Co. & (NYSE:CCL) Price Target Raised to $34.00

Carnival Co. & (NYSE:CCL) had its target price increased by stock analysts at Stifel Nicolaus from $32.00 to $34.00 in a report issued on Monday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 31.83% from the stock’s current price.

Several other brokerages also recently commented on CCL. Barclays increased their price objective on Carnival Co. & from $26.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Sanford C. Bernstein started coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective on the stock. Tigress Financial upped their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Bank of America increased their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Macquarie upped their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.85.

Carnival Co. & Stock Performance

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

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 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 business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the previous year, the business posted ($0.07) EPS. Carnival Co. &’s quarterly revenue was up 10.0% on a year-over-year basis. On average, equities research analysts predict that Carnival Co. & will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the sale, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 21.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

Several large investors have recently added to or reduced their stakes in the business. Encompass Wealth Advisors LLC raised its holdings in shares of Carnival Co. & by 2.9% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after acquiring an additional 451 shares in the last quarter. Metis Global Partners LLC increased its position in shares of Carnival Co. & by 2.0% in the third quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock worth $599,000 after purchasing an additional 621 shares during the last quarter. PFG Investments LLC raised its stake in Carnival Co. & by 2.8% in the third quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock valued at $437,000 after purchasing an additional 641 shares in the last quarter. Synovus Financial Corp lifted 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 purchasing an additional 700 shares during the last quarter. Finally, Fidelis Capital Partners LLC grew its stake in Carnival Co. & by 6.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock worth $232,000 after buying an additional 764 shares in the last quarter. 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.