Carnival Co. & (NYSE:CCL) Price Target Raised to $31.00 at Barclays

Carnival Co. & (NYSE:CCL) had its price objective increased by Barclays from $26.00 to $31.00 in a research note published on Friday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other equities analysts also recently commented on CCL. The Goldman Sachs Group upped their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday. Mizuho increased their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Sanford C. Bernstein began coverage on Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price for the company. Bank of America upped their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Morgan Stanley lifted their price objective on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and an average target price of $26.21.

Carnival Co. & Trading Down 1.1 %

Shares of NYSE CCL opened at $25.90 on Friday. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $27.17. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The company has a market cap of $29.89 billion, a price-to-earnings ratio of 23.13 and a beta of 2.67. The business’s 50 day moving average price is $23.42 and its 200-day moving average price is $19.14.

Carnival Co. & (NYSE:CCL) last released its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping 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 return on equity of 22.30% and a net margin of 6.39%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 earnings per share. On average, sell-side analysts expect that Carnival Co. & will post 1.33 earnings per share for the current year.

Insiders Place Their Bets

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This trade 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 currently owned by insiders.

Institutional Trading of Carnival Co. &

A number of hedge funds have recently modified their holdings of CCL. Franklin Resources Inc. grew its position in Carnival Co. & by 8.5% during the third quarter. Franklin Resources Inc. now owns 58,985 shares of the company’s stock valued at $1,192,000 after buying an additional 4,601 shares during the period. Synovus Financial Corp raised its holdings in Carnival Co. & by 5.5% in the 3rd quarter. Synovus Financial Corp now owns 13,456 shares of the company’s stock worth $249,000 after purchasing an additional 700 shares during the period. Tidal Investments LLC boosted its position in Carnival Co. & by 2.9% during the third quarter. Tidal Investments LLC now owns 73,147 shares of the company’s stock worth $1,352,000 after purchasing an additional 2,033 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Carnival Co. & in the third quarter valued at approximately $87,000. Finally, World Investment Advisors LLC purchased a new stake in shares of Carnival Co. & in the third quarter valued at approximately $252,000. Hedge funds and other institutional investors 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.