Carnival Co. & (NYSE:CCL) Price Target Raised to $30.00

Carnival Co. & (NYSE:CCL) had its price objective hoisted by Truist Financial from $29.00 to $30.00 in a report published on Friday morning,Benzinga reports. They currently have a hold rating on the stock.

Other analysts have also recently issued research reports about the stock. Bank of America increased their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Morgan Stanley raised their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Mizuho boosted their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Barclays raised their target price on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Finally, Tigress Financial boosted their price target on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Carnival Co. & has an average rating of “Moderate Buy” and an average price target of $27.24.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $25.43 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The firm’s 50-day moving average price is $25.33 and its two-hundred day moving average price is $20.91. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $27.17. The stock has a market capitalization of $29.35 billion, a P/E ratio of 18.30, a P/E/G ratio of 0.80 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. The business 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 24.13% and a net margin of 7.66%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.07) EPS. As a group, sell-side analysts forecast that Carnival Co. & will post 1.74 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Sir Jonathon Band sold 17,500 shares of the 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 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new position in shares of Carnival Co. & during the 3rd quarter valued at $25,000. Assetmark Inc. raised its stake in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new stake in shares of Carnival Co. & during the 4th quarter valued at about $34,000. CVA Family Office LLC increased its holdings in Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after buying an additional 1,205 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new stake in Carnival Co. & in the third quarter valued at approximately $46,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.