Carnival Co. & plc (NYSE:CCL) Receives $26.85 Consensus PT from Brokerages

Carnival Co. & plc (NYSE:CCL) has been given an average rating of “Moderate Buy” by the eighteen brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $27.18.

CCL has been the topic of several recent research reports. Truist Financial increased their price objective on Carnival Co. & from $20.00 to $29.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Stifel Nicolaus raised their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. The Goldman Sachs Group boosted their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Citigroup raised their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, Bank of America boosted their price target on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $24.30 on Wednesday. Carnival Co. & has a 52 week low of $13.78 and a 52 week high of $27.17. The company has a market capitalization of $28.05 billion, a price-to-earnings ratio of 21.70 and a beta of 2.64. The company has a 50-day simple moving average of $25.06 and a 200 day simple moving average of $20.38. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) earnings per share. On average, sell-side analysts predict that Carnival Co. & will post 1.33 earnings per share for the current year.

Insider Transactions at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’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 sale, the director now owns 65,789 shares in the company, valued at $1,428,937.08. The trade was a 21.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 11.00% of the company’s stock.

Institutional Trading of Carnival Co. &

Hedge funds have recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in Carnival Co. & in the 3rd quarter valued at approximately $25,000. Assetmark Inc. lifted its stake 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 worth $31,000 after acquiring an additional 1,546 shares during the period. CVA Family Office LLC boosted its stake 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 valued at $36,000 after purchasing an additional 1,205 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of Carnival Co. & during the third quarter worth $46,000. Finally, Avior Wealth Management LLC raised its stake in Carnival Co. & by 50.7% during the third quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock worth $51,000 after buying an additional 924 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

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.