Carnival Co. & (NYSE:CCL) Hits New 12-Month High – Here’s What Happened

Carnival Co. & plc (NYSE:CCL)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $25.61 and last traded at $25.48, with a volume of 2226180 shares trading hands. The stock had previously closed at $25.19.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Mizuho increased their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Citigroup raised their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley boosted their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 1st. Sanford C. Bernstein started coverage on shares of Carnival Co. & in a research report on Tuesday. They issued a “market perform” rating and a $26.00 price objective for the company. Finally, Macquarie lifted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.91.

Carnival Co. & Price Performance

The company has a market cap of $29.57 billion, a price-to-earnings ratio of 22.49 and a beta of 2.66. The company has a fifty day simple moving average of $21.30 and a two-hundred day simple moving average of $18.13. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same period last year, the firm posted $0.86 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities research analysts anticipate that Carnival Co. & plc 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 Carnival Co. & 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 completion of the sale, 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 filing with the SEC, which is available through the SEC website. Insiders own 11.00% of the company’s stock.

Institutional Trading of Carnival Co. &

A number of hedge funds have recently bought and sold shares of CCL. Synovus Financial Corp lifted its position in Carnival Co. & by 5.5% during the third quarter. Synovus Financial Corp now owns 13,456 shares of the company’s stock worth $249,000 after buying an additional 700 shares during the period. Tidal Investments LLC increased its stake in shares of Carnival Co. & by 2.9% during the 3rd quarter. Tidal Investments LLC now owns 73,147 shares of the company’s stock valued at $1,352,000 after acquiring an additional 2,033 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Carnival Co. & during the 3rd quarter worth about $87,000. World Investment Advisors LLC acquired a new stake in shares of Carnival Co. & in the third quarter worth approximately $252,000. Finally, Sanctuary Advisors LLC grew its holdings in Carnival Co. & by 70.7% in the third quarter. Sanctuary Advisors LLC now owns 56,928 shares of the company’s stock valued at $1,052,000 after purchasing an additional 23,579 shares during the period. Institutional investors and hedge funds 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.