Carnival Co. & (NYSE:CCL) Given New $22.00 Price Target at Morgan Stanley

Carnival Co. & (NYSE:CCL) had its target price raised by Morgan Stanley from $20.00 to $22.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an underweight rating on the stock.

A number of other brokerages have also commented on CCL. Mizuho lifted their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. The Goldman Sachs Group boosted their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Barclays raised their price target on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Sanford C. Bernstein started coverage on Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price on the stock. Finally, Tigress Financial upped their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.18.

Carnival Co. & Stock Up 1.6 %

Shares of NYSE:CCL opened at $24.21 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $27.94 billion, a price-to-earnings ratio of 21.62 and a beta of 2.64. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $27.17. The stock has a fifty day simple moving average of $24.97 and a two-hundred day simple moving average of $20.30.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.07) EPS. On average, research analysts anticipate that Carnival Co. & will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the transaction, 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 the SEC website. Company insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Carnival Co. &

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Carnival Co. & in the second quarter worth about $466,838,000. Marshall Wace LLP boosted its holdings in shares of Carnival Co. & by 510.5% during the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after purchasing an additional 8,638,865 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in shares of Carnival Co. & by 8,431.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after purchasing an additional 6,566,120 shares during the period. Renaissance Technologies LLC lifted its position in Carnival Co. & by 43.6% in the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after buying an additional 2,911,100 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Carnival Co. & by 2,400.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock worth $556,280,000 after purchasing an additional 2,889,785 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

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.