Carnival Co. & (NYSE:CCL) Price Target Raised to $31.00

Carnival Co. & (NYSE:CCL) had its price target hoisted by Barclays from $26.00 to $31.00 in a research note issued to investors on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other brokerages have also commented on CCL. Morgan Stanley raised their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, October 1st. Tigress Financial lifted their price target on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Sanford C. Bernstein started coverage on Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective for the company. Stifel Nicolaus increased their price objective on Carnival Co. & from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Truist Financial boosted their target price on Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

Carnival Co. & Price Performance

CCL opened at $25.90 on Friday. The company has a fifty day simple moving average of $23.42 and a 200 day simple moving average of $19.19. 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 stock has a market cap of $29.89 billion, a P/E ratio of 23.13 and a beta of 2.67. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $27.17.

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

Insider Buying and Selling at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Carnival Co. &

Hedge funds and other institutional investors have recently bought and sold shares of the business. ORG Partners LLC bought a new position in shares of Carnival Co. & during the 2nd quarter worth approximately $37,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Carnival Co. & in the second quarter valued at $264,000. Swedbank AB raised its position in shares of Carnival Co. & by 70.1% in the second quarter. Swedbank AB now owns 237,098 shares of the company’s stock valued at $4,438,000 after purchasing an additional 97,715 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Carnival Co. & by 4.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,462,283 shares of the company’s stock worth $46,094,000 after buying an additional 95,178 shares during the last quarter. Finally, TCW Group Inc. boosted its holdings in shares of Carnival Co. & by 9.4% during the 2nd quarter. TCW Group Inc. now owns 13,998 shares of the company’s stock worth $262,000 after buying an additional 1,197 shares during the period. 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.