Carnival Co. & (NYSE:CCL) Price Target Raised to $28.00

Carnival Co. & (NYSE:CCL) had its price target boosted by research analysts at Bank of America from $24.00 to $28.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s target price would indicate a potential upside of 13.50% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus boosted their target price on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. increased their target price on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Macquarie boosted their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Finally, Truist Financial upped their target price on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.78.

Carnival Co. & Trading Up 0.3 %

Shares of NYSE CCL traded up $0.08 during trading on Wednesday, hitting $24.67. 6,893,643 shares of the company were exchanged, compared to its average volume of 29,611,076. The company has a fifty day moving average price of $19.81 and a 200-day moving average price of $17.48. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The firm has a market capitalization of $28.47 billion, a PE ratio of 22.03 and a beta of 2.66. Carnival Co. & has a 12-month low of $13.33 and a 12-month high of $24.83.

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

Insiders Place Their Bets

In other news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the sale, the director now owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 11.00% of the company’s stock.

Institutional Trading of Carnival Co. &

Hedge funds and other institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Carnival Co. & in the third quarter worth about $25,000. Family Firm Inc. bought a new position in shares of Carnival Co. & in the second quarter valued at approximately $26,000. Hantz Financial Services Inc. bought a new stake in Carnival Co. & during the 2nd quarter worth about $30,000. Assetmark Inc. lifted its holdings in Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after buying an additional 1,546 shares in the last quarter. Finally, CVA Family Office LLC boosted its stake in shares of Carnival Co. & by 163.9% in the 3rd 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 during the last quarter. 67.19% of the stock is currently owned by hedge funds and other 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.