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

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

Several brokerages have commented on CCL. Sanford C. Bernstein began coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target for the company. Bank of America lifted their price target on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Tigress Financial raised their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Barclays raised their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Finally, Macquarie boosted their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd.

Insider Buying and Selling at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & 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 transaction, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. The trade was 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 accessible through the SEC website. 11.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Carnival Co. &

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Encompass Wealth Advisors LLC raised its position in shares of Carnival Co. & by 2.9% during the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after purchasing an additional 451 shares during the period. Graypoint LLC increased its holdings in Carnival Co. & by 5.3% in the 4th quarter. Graypoint LLC now owns 11,074 shares of the company’s stock valued at $276,000 after acquiring an additional 560 shares during the last quarter. Metis Global Partners LLC boosted its stake in Carnival Co. & by 2.0% during the third quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock valued at $599,000 after buying an additional 621 shares during the last quarter. PFG Investments LLC raised its holdings in shares of Carnival Co. & by 2.8% during the 3rd quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock worth $437,000 after acquiring an additional 641 shares in the last quarter. Finally, Synovus Financial Corp boosted its position in shares of Carnival Co. & by 5.5% during the 3rd quarter. Synovus Financial Corp now owns 13,456 shares of the company’s stock valued at $249,000 after acquiring an additional 700 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Stock Up 0.5 %

Shares of NYSE CCL opened at $24.30 on Wednesday. The business’s fifty day moving average price is $25.06 and its 200-day moving average price is $20.41. Carnival Co. & has a one year low of $13.78 and a one year high of $27.17. The stock has a market capitalization of $28.05 billion, a PE ratio of 21.70 and a beta of 2.64. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26.

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

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.