Barclays Raises Carnival Co. & (NYSE:CCL) Price Target to $31.00

Carnival Co. & (NYSE:CCL) had its price target upped by Barclays from $26.00 to $31.00 in a report released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also issued reports about the stock. Truist Financial raised their target price on shares of Carnival Co. & from $20.00 to $29.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Morgan Stanley raised their target price on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group boosted their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday. Sanford C. Bernstein began coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price on the stock. Finally, Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.21.

Carnival Co. & Stock Performance

Shares of NYSE:CCL opened at $25.90 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $27.17. The firm has a market capitalization of $29.89 billion, a PE ratio of 23.13 and a beta of 2.67. The business’s 50 day moving average price is $23.42 and its 200-day moving average price is $19.14.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter in the previous year, the company posted $0.86 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, equities research analysts expect that Carnival Co. & will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the transaction, the director now directly owns 65,789 shares of the company’s stock, valued at $1,428,937.08. The trade was a 21.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently made changes to their positions in CCL. Ashton Thomas Securities LLC acquired a new stake in Carnival Co. & in the third quarter valued at approximately $25,000. Family Firm Inc. acquired a new stake in shares of Carnival Co. & in the 2nd quarter valued at $26,000. Hantz Financial Services Inc. purchased a new stake in shares of Carnival Co. & during the 2nd quarter worth $30,000. Assetmark Inc. grew its stake in shares of Carnival Co. & by 1,431.5% during 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 in the last quarter. Finally, CVA Family Office LLC increased its holdings 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 buying an additional 1,205 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

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.