Carnival Co. & (NYSE:CCL) Hits New 1-Year High – Time to Buy?

Carnival Co. & plc (NYSE:CCL) shares hit a new 52-week high during trading on Tuesday . The stock 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 research analysts recently commented on the company. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Tigress Financial raised their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Mizuho upped their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. 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, Morgan Stanley boosted their target price on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, October 1st. 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 stock. According to data from MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average price target of $23.91.

Carnival Co. & Stock Up 1.7 %

The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The company has a market cap of $29.57 billion, a PE ratio of 22.49 and a beta of 2.66. The business’s 50 day moving average is $21.30 and its 200-day moving average is $18.13.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company’s revenue was up 15.2% on a year-over-year basis. During the same period last year, the business earned $0.86 EPS. As a group, analysts predict that Carnival Co. & plc will post 1.33 EPS for the current year.

Insider Transactions at Carnival Co. &

In other Carnival Co. & 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 owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 11.00% of the company’s stock.

Institutional Trading of Carnival Co. &

Several institutional investors and hedge funds have recently made changes to their positions in CCL. Vaughan Nelson Investment Management L.P. raised its position in Carnival Co. & by 72.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock valued at $53,052,000 after purchasing an additional 1,204,500 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Carnival Co. & in the third quarter valued at $1,140,000. Commonwealth Equity Services LLC raised its holdings in shares of Carnival Co. & by 1.0% in the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock valued at $75,310,000 after buying an additional 39,491 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Carnival Co. & by 72.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock worth $4,223,000 after buying an additional 103,501 shares during the period. Finally, Wedge Capital Management L L P NC grew its holdings in shares of Carnival Co. & by 10.1% during the third quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock worth $4,892,000 after buying an additional 24,198 shares during the last quarter. 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.