Carnival Co. & plc (NYSE:CCL) Receives $26.85 Consensus PT from Analysts

Carnival Co. & plc (NYSE:CCL) has been assigned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $27.18.

Several analysts have recently commented on CCL shares. Stifel Nicolaus increased their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Citigroup increased their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Wells Fargo & Company increased their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Barclays increased their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Finally, The Goldman Sachs Group increased their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th.

Insiders Place Their Bets

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the 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 sale, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

Several hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in shares of Carnival Co. & during the second quarter worth $734,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Carnival Co. & during the second quarter worth $97,000. Choreo LLC acquired a new stake in shares of Carnival Co. & during the second quarter worth $258,000. Royal London Asset Management Ltd. raised its holdings in shares of Carnival Co. & by 83.8% during the second quarter. Royal London Asset Management Ltd. now owns 586,195 shares of the company’s stock worth $10,974,000 after acquiring an additional 267,278 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Carnival Co. & by 27.7% during the second quarter. Daiwa Securities Group Inc. now owns 142,589 shares of the company’s stock worth $2,670,000 after acquiring an additional 30,958 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock opened at $24.51 on Wednesday. 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 market capitalization of $28.29 billion, a price-to-earnings ratio of 21.88 and a beta of 2.64. Carnival Co. & has a 1-year low of $13.78 and a 1-year high of $27.17. The firm’s 50-day moving average price is $25.14 and its two-hundred day moving average price is $20.49.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) earnings per share. On average, equities analysts predict that Carnival Co. & will post 1.33 earnings per share for the current fiscal year.

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.