Carnival Co. & (CCL) – Investment Analysts’ Weekly Ratings Changes

Posted by Trevor Kearing on Dec 11th, 2024

Carnival Co. & (NYSE: CCL) recently received a number of ratings updates from brokerages and research firms:

12/10/2024 – Carnival Co. & had its price target raised by analysts at Stifel Nicolaus from $27.00 to $32.00. They now have a “buy” rating on the stock.
12/10/2024 – Carnival Co. & had its price target raised by analysts at The Goldman Sachs Group, Inc. from $24.00 to $32.00. They now have a “buy” rating on the stock.
12/5/2024 – Carnival Co. & had its price target raised by analysts at Mizuho from $26.00 to $32.00. They now have an “outperform” rating on the stock.
12/2/2024 – Carnival Co. & had its price target raised by analysts at Truist Financial Co. from $20.00 to $29.00. They now have a “hold” rating on the stock.
11/26/2024 – Carnival Co. & is now covered by analysts at Sanford C. Bernstein. They set a “market perform” rating and a $26.00 price target on the stock.
11/13/2024 – Carnival Co. & had its price target raised by analysts at Bank of America Co. from $24.00 to $28.00. They now have a “buy” rating on the stock.

Carnival Co. & Stock Up 2.6 %

Shares of CCL stock traded up $0.68 during trading hours on Wednesday, hitting $26.51. 8,863,293 shares of the company were exchanged, compared to its average volume of 28,836,479. The company has a market capitalization of $30.60 billion, a PE ratio of 23.67 and a beta of 2.67. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $27.17. The business has a 50 day moving average of $22.91 and a two-hundred day moving average of $18.96. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10.

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

Insider Transactions 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 shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Carnival Co. &

Several hedge funds and other institutional investors have recently made changes to their positions in CCL. Ashton Thomas Securities LLC bought a new stake in Carnival Co. & during the 3rd quarter worth approximately $25,000. Family Firm Inc. acquired a new position in shares of Carnival Co. & in the 2nd quarter worth approximately $26,000. Hantz Financial Services Inc. acquired a new position in shares of Carnival Co. & in the 2nd quarter worth approximately $30,000. Assetmark Inc. lifted its position in shares of Carnival Co. & by 1,431.5% in 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 during the period. Finally, CVA Family Office LLC lifted its position in shares of Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after acquiring an additional 1,205 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

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.