Carnival Co. & (NYSE:CCL) Sets New 52-Week High – Still a Buy?

Carnival Co. & plc (NYSE:CCL) shares hit a new 52-week high on Tuesday . The company traded as high as $25.61 and last traded at $25.48, with a volume of 2226180 shares traded. The stock had previously closed at $25.19.

Analyst Ratings Changes

Several brokerages recently issued reports on CCL. Macquarie upped their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Barclays lifted their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a research note on Tuesday. They set a “market perform” rating and a $26.00 price objective on the stock. Mizuho lifted their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Finally, Morgan Stanley increased their price target on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.91.

Carnival Co. & Stock Down 0.7 %

The firm has a fifty day simple moving average of $21.58 and a 200-day simple moving average of $18.25. The company has a market capitalization of $29.03 billion, a PE ratio of 22.46 and a beta of 2.66. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share (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 firm 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 company posted $0.86 earnings per share. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Equities research analysts anticipate that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

Several institutional investors and hedge funds have recently bought and sold shares of the business. Ashton Thomas Securities LLC bought a new stake in Carnival Co. & in the third quarter valued at $25,000. Family Firm Inc. bought a new position in Carnival Co. & in the 2nd quarter worth approximately $26,000. Hantz Financial Services Inc. acquired a new stake in Carnival Co. & in the 2nd quarter valued at approximately $30,000. Assetmark Inc. raised its stake in Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after acquiring an additional 1,546 shares in the last quarter. Finally, CVA Family Office LLC boosted its position in Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after acquiring an additional 1,205 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.