Bank of America Raises Carnival Co. & (NYSE:CCL) Price Target to $28.00

Carnival Co. & (NYSE:CCL) had its target price upped by analysts at Bank of America from $24.00 to $28.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price objective suggests a potential upside of 13.50% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Mizuho lifted their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Macquarie increased their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Barclays upped 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.78.

Carnival Co. & Stock Performance

Shares of NYSE:CCL traded up $0.08 on Wednesday, hitting $24.67. The company had a trading volume of 6,893,643 shares, compared to its average volume of 29,611,076. 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 50 day moving average price of $19.81 and a 200 day moving average price of $17.48. Carnival Co. & has a 1-year low of $13.33 and a 1-year high of $24.83. The stock has a market cap of $28.47 billion, a price-to-earnings ratio of 22.03 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.86 earnings per share. Analysts expect that Carnival Co. & will post 1.33 EPS for the current year.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.00% of the stock is owned by insiders.

Institutional Trading of Carnival Co. &

Several large investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new stake in Carnival Co. & during the third quarter worth about $25,000. Family Firm Inc. acquired a new position in shares of Carnival Co. & in the second quarter worth $26,000. Hantz Financial Services Inc. purchased a new stake in shares of Carnival Co. & during the second quarter worth $30,000. Assetmark Inc. grew 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 worth $31,000 after purchasing an additional 1,546 shares in the last quarter. Finally, CVA Family Office LLC increased its holdings in Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after buying an additional 1,205 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.