Carnival Co. & (NYSE:CCL) Price Target Raised to $31.00

Carnival Co. & (NYSE:CCL) had its price target boosted by Barclays from $26.00 to $31.00 in a report released on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group upped their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Tigress Financial upped their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Mizuho lifted their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Bank of America increased their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. One investment 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.21.

Carnival Co. & Trading Down 1.1 %

Shares of CCL stock opened at $25.90 on Friday. The firm has a market capitalization of $29.89 billion, a P/E ratio of 23.13 and a beta of 2.67. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $27.17. The firm’s fifty day simple moving average is $23.42 and its 200 day simple moving average is $19.19. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10.

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

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 21.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. raised its position in Carnival Co. & by 72.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock worth $53,052,000 after purchasing an additional 1,204,500 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Carnival Co. & in the 3rd quarter valued at $1,140,000. Commonwealth Equity Services LLC raised its position in shares of Carnival Co. & by 1.0% during the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after acquiring an additional 39,491 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Carnival Co. & by 10.1% during the third quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock valued at $4,892,000 after acquiring an additional 24,198 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of Carnival Co. & by 181.7% during the third quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock valued at $2,288,000 after acquiring an additional 79,857 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

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.