Sanford C. Bernstein Begins Coverage on Carnival Co. & (NYSE:CCL)

Sanford C. Bernstein began coverage on shares of Carnival Co. & (NYSE:CCL) in a research report sent to investors on Tuesday, MarketBeat.com reports. The firm issued a market perform rating and a $26.00 price target on the stock.

A number of other research firms also recently weighed in on CCL. Tigress Financial boosted their target price on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Mizuho upped their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Bank of America lifted their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Citigroup increased their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.91.

Carnival Co. & Stock Up 0.6 %

Shares of NYSE CCL opened at $25.35 on Tuesday. 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 company has a market cap of $29.26 billion, a price-to-earnings ratio of 22.63 and a beta of 2.66. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $25.80. The firm’s 50-day simple moving average is $21.44 and its 200 day simple moving average is $18.20.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Monday, September 30th. The company reported $1.27 EPS 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 business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. Carnival Co. &’s revenue was up 15.2% compared to the same quarter last year. On average, 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 company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value 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 approximately $1,428,937.08. This represents a 21.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.00% of the stock is owned by company insiders.

Institutional Trading of Carnival Co. &

A number of institutional investors have recently modified their holdings of CCL. Ashton Thomas Securities LLC acquired a new stake in Carnival Co. & in the 3rd quarter valued at approximately $25,000. Family Firm Inc. acquired a new stake in shares of Carnival Co. & in the second quarter valued at approximately $26,000. Hantz Financial Services Inc. bought a new stake in shares of Carnival Co. & in the second quarter worth $30,000. Assetmark Inc. boosted its holdings in 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 during the last quarter. Finally, CVA Family Office LLC grew its position 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 purchasing an additional 1,205 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

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.