Carnival Co. & plc (NYSE:CCL – Get Free Report) shares were up 0.3% on Wednesday after Bank of America raised their price target on the stock from $24.00 to $28.00. Bank of America currently has a buy rating on the stock. Carnival Co. & traded as high as $24.83 and last traded at $24.67. Approximately 6,348,641 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 29,608,600 shares. The stock had previously closed at $24.59.
Several other research firms have also issued reports on CCL. Barclays boosted their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Tigress Financial lifted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Citigroup increased their target price on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Macquarie lifted their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $23.78.
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Insider Buying and Selling
Hedge Funds Weigh In On Carnival Co. &
Several institutional investors and hedge funds have recently bought and sold shares of CCL. Empowered Funds LLC increased its position in shares of Carnival Co. & by 29.4% in the first quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock valued at $269,000 after acquiring an additional 3,741 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Carnival Co. & by 21.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,141,038 shares of the company’s stock valued at $18,645,000 after purchasing an additional 198,169 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Carnival Co. & by 2.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 565,055 shares of the company’s stock worth $9,228,000 after buying an additional 14,569 shares during the period. Edgestream Partners L.P. grew its position in shares of Carnival Co. & by 53.5% in the 1st quarter. Edgestream Partners L.P. now owns 303,251 shares of the company’s stock worth $4,955,000 after buying an additional 105,711 shares during the last quarter. Finally, Covestor Ltd lifted its stake in Carnival Co. & by 476.9% in the first quarter. Covestor Ltd now owns 4,909 shares of the company’s stock worth $80,000 after acquiring an additional 4,058 shares during the period. 67.19% of the stock is currently owned by institutional investors.
Carnival Co. & Trading Down 1.0 %
The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. The firm’s fifty day moving average is $19.97 and its two-hundred day moving average is $17.52. The firm has a market cap of $28.06 billion, a P/E ratio of 21.71 and a beta of 2.66.
Carnival Co. & (NYSE:CCL – Get Free Report) last released 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%. Carnival Co. &’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 earnings per share. Analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.
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.
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