Carnival Co. & Target of Unusually High Options Trading (NYSE:CCL)

Carnival Co. & plc (NYSE:CCL) was the target of unusually large options trading on Tuesday. Stock investors purchased 105,153 call options on the stock. This represents an increase of 12% compared to the typical volume of 93,896 call options.

Analyst Upgrades and Downgrades

CCL has been the topic of several recent analyst reports. Stifel Nicolaus lifted their target price on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. JPMorgan Chase & Co. upped 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. Macquarie raised their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $23.53.

Carnival Co. & Price Performance

NYSE CCL opened at $21.40 on Thursday. The firm has a market capitalization of $24.02 billion, a price-to-earnings ratio of 32.92 and a beta of 2.69. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The company has a 50 day simple moving average of $17.31 and a 200-day simple moving average of $16.47. Carnival Co. & has a 52-week low of $10.84 and a 52-week high of $21.80.

Carnival Co. & (NYSE:CCL) last posted its quarterly 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 the consensus estimate of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. Carnival Co. &’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 earnings per share. Equities research analysts predict that Carnival Co. & will post 1.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carnival Co. &

Large investors have recently made changes to their positions in the company. Empowered Funds LLC grew its position in Carnival Co. & by 29.4% in the first quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock worth $269,000 after acquiring an additional 3,741 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in Carnival Co. & by 72.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock worth $4,223,000 after buying an additional 103,501 shares during the last quarter. Cetera Advisors LLC raised its holdings in Carnival Co. & by 38.3% during the first quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock valued at $665,000 after buying an additional 11,276 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Carnival Co. & by 114.8% in the first quarter. Janus Henderson Group PLC now owns 179,295 shares of the company’s stock worth $2,929,000 after buying an additional 95,828 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in shares of Carnival Co. & by 10.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock valued at $4,892,000 after acquiring an additional 24,198 shares during the last quarter. 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.