Carnival Co. & plc (NYSE:CCL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Carnival Co. & plc (NYSE:CCL) has been given an average rating of “Moderate Buy” by the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $26.85.

A number of analysts have weighed in on CCL shares. Citigroup increased their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Stifel Nicolaus raised their target price on Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. 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. Morgan Stanley raised their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 1st. Finally, Truist Financial boosted their target price on shares of Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a research report on Monday, December 2nd.

Carnival Co. & Trading Down 1.3 %

Shares of CCL stock opened at $23.82 on Wednesday. The stock has a 50-day moving average of $24.93 and a 200-day moving average of $20.27. 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 stock has a market cap of $27.49 billion, a price-to-earnings ratio of 21.27 and a beta of 2.64. Carnival Co. & has a 1-year low of $13.78 and a 1-year high of $27.17.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same quarter last year, the business earned ($0.07) EPS. The company’s revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts forecast that Carnival Co. & will post 1.33 earnings per share for the current year.

Insider Activity at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’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 directly owns 65,789 shares of the company’s stock, 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 at this link. 11.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors have recently added to or reduced their stakes in CCL. Range Financial Group LLC purchased a new position in shares of Carnival Co. & in the 4th quarter worth approximately $439,000. Diversified Trust Co bought a new stake in Carnival Co. & during the fourth quarter worth $1,347,000. Everence Capital Management Inc. purchased a new position in Carnival Co. & in the fourth quarter worth $525,000. GAMMA Investing LLC grew its stake in Carnival Co. & by 18.1% in the 4th quarter. GAMMA Investing LLC now owns 20,752 shares of the company’s stock valued at $517,000 after purchasing an additional 3,181 shares during the period. Finally, Versant Capital Management Inc increased its position in shares of Carnival Co. & by 41.9% during the 4th quarter. Versant Capital Management Inc now owns 3,473 shares of the company’s stock valued at $87,000 after purchasing an additional 1,026 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

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.