Carnival Co. & (NYSE:CCL) PT Raised to $24.00

Carnival Co. & (NYSE:CCL) had its price objective boosted by equities researchers at Macquarie from $22.00 to $24.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Macquarie’s target price points to a potential upside of 39.62% from the stock’s current price.

A number of other analysts have also recently commented on the stock. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Tuesday, March 19th. JPMorgan Chase & Co. boosted their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday. Citigroup boosted their target price on shares of Carnival Co. & from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Mizuho initiated coverage on shares of Carnival Co. & in a research note on Tuesday. They set a “buy” rating and a $21.00 target price for the company. Finally, Barclays boosted their target price on shares of Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.42.

Carnival Co. & Stock Up 0.9 %

CCL opened at $17.19 on Thursday. Carnival Co. & has a fifty-two week low of $8.70 and a fifty-two week high of $19.74. The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.41 and a current ratio of 0.46. The company has a fifty day moving average of $16.03 and a two-hundred day moving average of $15.33. The stock has a market capitalization of $19.24 billion, a price-to-earnings ratio of -143.24 and a beta of 2.54.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a negative net margin of 0.34% and a positive return on equity of 0.02%. The company had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the previous year, the company earned ($0.55) earnings per share. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, research analysts expect that Carnival Co. & will post 0.99 earnings per share for the current year.

Insider Activity

In other news, CFO David Bernstein sold 153,995 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total value of $2,366,903.15. Following the completion of the sale, the chief financial officer now owns 181,981 shares of the company’s stock, valued at approximately $2,797,047.97. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Carnival Co. &

A number of hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. boosted its position in shares of Carnival Co. & by 4.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock worth $209,000 after purchasing an additional 601 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Carnival Co. & by 59.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,792 shares of the company’s stock worth $34,000 after purchasing an additional 669 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Carnival Co. & by 10.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,341 shares of the company’s stock worth $136,000 after buying an additional 689 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Carnival Co. & by 67.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after buying an additional 739 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in Carnival Co. & by 66.7% during the 4th quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock worth $37,000 after buying an additional 800 shares in the last quarter. Hedge funds and other institutional investors 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.