Carnival Co. & (NYSE:CCL) Given New $30.00 Price Target at Wells Fargo & Company

Carnival Co. & (NYSE:CCL) had its price objective hoisted by Wells Fargo & Company from $25.00 to $30.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts also recently weighed in on CCL. Sanford C. Bernstein assumed 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. Barclays increased their target price on shares of Carnival Co. & from $26.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday. Tigress Financial boosted their price target on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Truist Financial raised their price objective on Carnival Co. & from $20.00 to $29.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Finally, Bank of America raised their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.62.

Carnival Co. & Stock Up 0.0 %

Carnival Co. & stock opened at $25.91 on Monday. The firm has a market cap of $29.90 billion, a price-to-earnings ratio of 23.13 and a beta of 2.67. The firm has a fifty day moving average price of $23.58 and a two-hundred day moving average price of $19.26. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $27.17. 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 posted its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS. As a group, analysts forecast that Carnival Co. & will post 1.33 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the transaction, the director now directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 11.00% of the company’s stock.

Institutional Trading of Carnival Co. &

Several institutional investors and hedge funds have recently made changes to their positions in CCL. Vaughan Nelson Investment Management L.P. grew its stake in shares of Carnival Co. & by 72.3% during the third 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 period. Robeco Institutional Asset Management B.V. acquired a new position in shares of Carnival Co. & during the 3rd quarter worth about $1,140,000. Commonwealth Equity Services LLC increased its stake in shares of Carnival Co. & by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock valued at $75,310,000 after acquiring an additional 39,491 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of Carnival Co. & by 10.1% in the 3rd 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 boosted its stake in Carnival Co. & by 181.7% during the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock worth $2,288,000 after acquiring an additional 79,857 shares during the last quarter. Institutional investors 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.