Carnival Co. & plc (NYSE:CCL) Receives $26.21 Average Price Target from Analysts

Shares of Carnival Co. & plc (NYSE:CCL) have been given a consensus rating of “Moderate Buy” by the eighteen research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $26.62.

A number of brokerages have commented on CCL. Bank of America boosted their target price 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. Stifel Nicolaus raised their target price on shares of Carnival Co. & from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. 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 target on the stock. Barclays boosted their target price on Carnival Co. & from $26.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, Truist Financial boosted their price target on Carnival Co. & from $20.00 to $29.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd.

Carnival Co. & Price Performance

Shares of CCL opened at $24.82 on Friday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The company has a 50 day moving average price of $23.81 and a 200-day moving average price of $19.38. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $27.17. The stock has a market capitalization of $28.65 billion, a PE ratio of 22.16 and a beta of 2.67.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. Carnival Co. &’s revenue was up 15.2% on a year-over-year basis. Equities analysts predict that Carnival Co. & will post 1.33 earnings per share for the current fiscal year.

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 that occurred 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 sale, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Carnival Co. &

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ORG Partners LLC purchased a new stake in shares of Carnival Co. & during the second quarter worth approximately $37,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Carnival Co. & in the second quarter valued at about $264,000. Swedbank AB lifted its stake in shares of Carnival Co. & by 70.1% in the second quarter. Swedbank AB now owns 237,098 shares of the company’s stock worth $4,438,000 after buying an additional 97,715 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Carnival Co. & by 4.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,462,283 shares of the company’s stock worth $46,094,000 after acquiring an additional 95,178 shares during the last quarter. Finally, TCW Group Inc. grew its stake in Carnival Co. & by 9.4% during the 2nd quarter. TCW Group Inc. now owns 13,998 shares of the company’s stock valued at $262,000 after acquiring an additional 1,197 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

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.