Carnival Co. & (NYSE:CCL) Price Target Raised to $22.00

Carnival Co. & (NYSE:CCL) had its target price boosted by Morgan Stanley from $20.00 to $22.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an underweight rating on the stock.

Several other equities analysts also recently issued reports on the stock. Barclays raised their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. 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. Sanford C. Bernstein initiated coverage on Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target on the stock. Macquarie raised their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Truist Financial upped their target price on Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.18.

Carnival Co. & Trading Up 0.5 %

CCL opened at $24.30 on Wednesday. The company’s 50 day moving average is $25.06 and its 200-day moving average is $20.38. The company has a market cap of $28.05 billion, a P/E ratio of 21.70 and a beta of 2.64. Carnival Co. & has a 1-year low of $13.78 and a 1-year high of $27.17. 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 earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the company earned ($0.07) earnings per share. Equities research analysts predict that Carnival Co. & will post 1.33 earnings per share for the current fiscal year.

Insider Transactions at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, 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 this link. 11.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ashton Thomas Securities LLC purchased a new stake in shares of Carnival Co. & in the 3rd quarter valued at about $25,000. Assetmark Inc. increased 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 worth $31,000 after purchasing an additional 1,546 shares during the last quarter. CVA Family Office LLC raised its stake in 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 purchasing an additional 1,205 shares in the last quarter. Morse Asset Management Inc bought a new stake in Carnival Co. & during the third quarter valued at approximately $46,000. Finally, Avior Wealth Management LLC grew its stake in Carnival Co. & by 50.7% in the 3rd quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock worth $51,000 after buying an additional 924 shares in the last quarter. Hedge funds and other 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.