Carnival Co. & plc (NYSE:CCL) Receives $23.78 Consensus Target Price from Analysts

Shares of Carnival Co. & plc (NYSE:CCL) have earned an average rating of “Moderate Buy” from the seventeen brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $23.78.

Several equities research analysts have commented on CCL shares. Macquarie upped their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Bank of America upped their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Morgan Stanley lifted 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. Stifel Nicolaus upped their price objective on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Barclays lifted their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st.

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 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 transaction, 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 document filed with the SEC, which is accessible through the SEC website. 11.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Carnival Co. &

A number of hedge funds have recently modified their holdings of CCL. Ashton Thomas Securities LLC acquired a new position in Carnival Co. & during the third quarter worth about $25,000. Family Firm Inc. purchased a new position in Carnival Co. & in the 2nd quarter worth approximately $26,000. Hantz Financial Services Inc. acquired a new position in shares of Carnival Co. & during the 2nd quarter worth approximately $30,000. Assetmark Inc. grew 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 purchasing an additional 1,546 shares in the last quarter. Finally, CVA Family Office LLC increased its holdings in shares of Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Trading Down 1.8 %

Carnival Co. & stock opened at $24.90 on Tuesday. Carnival Co. & has a 52 week low of $13.78 and a 52 week high of $25.60. The stock has a 50-day moving average price of $21.15 and a 200 day moving average price of $18.02. 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 company has a market capitalization of $28.74 billion, a price-to-earnings ratio of 22.23 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The business had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 EPS. Sell-side analysts anticipate that Carnival Co. & will post 1.33 EPS for the current 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.