Citigroup Issues Positive Forecast for Carnival Co. & (NYSE:CCL) Stock Price

Carnival Co. & (NYSE:CCL) had its price target lifted by Citigroup from $30.00 to $31.00 in a report published on Monday, MarketBeat.com reports. Citigroup currently has a buy rating on the stock.

CCL has been the subject of several other reports. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Barclays boosted their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday. Sanford C. Bernstein started coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target on the stock. Tigress Financial upped their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Finally, Truist Financial raised their target price on Carnival Co. & from $20.00 to $29.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. One 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. Based on data from MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average target price of $26.85.

Carnival Co. & Stock Performance

Shares of CCL opened at $25.73 on Monday. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $27.17. The business’s fifty day simple moving average is $24.03 and its two-hundred day simple moving average is $19.53. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The company has a market cap of $29.70 billion, a price-to-earnings ratio of 22.97 and a beta of 2.67.

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

Insider Buying and Selling

In other news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was 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. The trade was a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.00% of the stock is currently owned by insiders.

Institutional Trading of Carnival Co. &

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates grew its holdings in Carnival Co. & by 6.6% during the 2nd quarter. Raymond James & Associates now owns 483,794 shares of the company’s stock valued at $9,057,000 after buying an additional 30,001 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Carnival Co. & by 5.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 51,994 shares of the company’s stock valued at $973,000 after acquiring an additional 2,459 shares in the last quarter. Atomi Financial Group Inc. increased its holdings in Carnival Co. & by 12.8% in the 2nd quarter. Atomi Financial Group Inc. now owns 29,733 shares of the company’s stock valued at $557,000 after acquiring an additional 3,379 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Carnival Co. & by 3.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 313,128 shares of the company’s stock worth $5,862,000 after purchasing an additional 10,035 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Carnival Co. & by 17.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 500,252 shares of the company’s stock valued at $9,365,000 after purchasing an additional 74,894 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

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.