Carnival Co. & plc (NYSE:CCL) Receives Average Recommendation of “Moderate Buy” from Analysts

Carnival Co. & plc (NYSE:CCL) has received a consensus rating of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $26.21.

Several equities analysts have weighed in on the company. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Stifel Nicolaus increased their target price on Carnival Co. & from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley increased their target price on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday, October 1st. Mizuho increased their target price on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Citigroup increased their target price on Carnival Co. & from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday.

Insider Buying and Selling

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 completion of the transaction, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. This trade 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 through this link. 11.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new position in Carnival Co. & in the third quarter valued at approximately $25,000. Family Firm Inc. acquired a new stake in shares of Carnival Co. & in the second quarter valued at approximately $26,000. Hantz Financial Services Inc. acquired a new stake in shares of Carnival Co. & in the second quarter valued at approximately $30,000. Assetmark Inc. lifted its position 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 valued at $31,000 after buying an additional 1,546 shares during the last quarter. Finally, CVA Family Office LLC lifted its position in shares of Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after buying an additional 1,205 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Trading Down 1.1 %

Shares of CCL opened at $25.90 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $27.17. The firm has a market capitalization of $29.89 billion, a PE ratio of 23.13 and a beta of 2.67. The stock’s fifty day simple moving average is $23.27 and its 200-day simple moving average is $19.06.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) 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 analyst estimates of $7.82 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, research analysts predict that Carnival Co. & will post 1.33 earnings per share 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.