Carnival Co. & (NYSE:CCL) Price Target Raised to $25.00

Carnival Co. & (NYSE:CCL) had its price target hoisted by equities research analysts at Barclays from $24.00 to $25.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 45.43% from the stock’s previous close.

CCL has been the subject of several other research reports. Macquarie raised their price target on Carnival Co. & from $16.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, December 29th. Truist Financial raised their price target on Carnival Co. & from $15.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 18th. Citigroup lifted their price objective on Carnival Co. & from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Wells Fargo & Company raised Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research report on Friday, January 5th. Finally, Mizuho assumed coverage on Carnival Co. & in a research report on Tuesday. They set a “buy” rating and a $21.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.42.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $17.19 on Thursday. The stock has a fifty day moving average price of $16.03 and a 200 day moving average price of $15.33. The stock has a market cap of $19.24 billion, a PE ratio of -143.24 and a beta of 2.54. Carnival Co. & has a 1 year low of $8.70 and a 1 year high of $19.74. The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.41 and a current ratio of 0.46.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.04. The firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Carnival Co. & had a positive return on equity of 0.02% and a negative net margin of 0.34%. Carnival Co. &’s revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.55) earnings per share. Sell-side analysts forecast that Carnival Co. & will post 0.99 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO David Bernstein sold 153,995 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total value of $2,366,903.15. Following the completion of the sale, the chief financial officer now owns 181,981 shares in the company, valued at $2,797,047.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.00% of the company’s stock.

Institutional Trading of Carnival Co. &

A number of hedge funds have recently modified their holdings of the business. Wealthfront Advisers LLC increased its stake in shares of Carnival Co. & by 447.6% in the third quarter. Wealthfront Advisers LLC now owns 215,672 shares of the company’s stock worth $2,959,000 after acquiring an additional 176,286 shares during the last quarter. Bellwether Advisors LLC acquired a new position in shares of Carnival Co. & in the fourth quarter worth $1,368,000. Patton Fund Management Inc. increased its stake in shares of Carnival Co. & by 981.9% in the third quarter. Patton Fund Management Inc. now owns 109,133 shares of the company’s stock worth $1,497,000 after acquiring an additional 99,046 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Carnival Co. & by 126.1% in the fourth quarter. Nordea Investment Management AB now owns 740,750 shares of the company’s stock worth $13,782,000 after acquiring an additional 413,082 shares during the last quarter. Finally, Blackstone Inc. increased its stake in shares of Carnival Co. & by 50.8% in the third quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock worth $41,160,000 after acquiring an additional 1,010,000 shares during the last quarter. 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.