Carnival Co. & (NYSE:CCL) Price Target Raised to $30.00

Carnival Co. & (NYSE:CCL) had its price target raised by Citigroup from $28.00 to $30.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 13.21% from the company’s previous close.

Several other analysts have also commented on CCL. Morgan Stanley increased their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, October 1st. Truist Financial boosted their price objective on shares of Carnival Co. & from $20.00 to $29.00 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Macquarie raised their target price 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. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Finally, Tigress Financial raised their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Carnival Co. & has an average rating of “Moderate Buy” and an average price target of $25.91.

Carnival Co. & Stock Up 2.6 %

Carnival Co. & stock traded up $0.67 during mid-day trading on Wednesday, hitting $26.50. The company had a trading volume of 9,234,848 shares, compared to its average volume of 28,837,182. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. The business has a fifty day moving average of $22.91 and a 200 day moving average of $18.96. The stock has a market cap of $30.59 billion, a price-to-earnings ratio of 23.66 and a beta of 2.67. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $27.17.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. The company 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%. Carnival Co. &’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 earnings per share. On average, sell-side analysts expect that Carnival Co. & will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 11.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Carnival Co. &

Hedge funds have recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & in the third quarter valued at about $25,000. Family Firm Inc. acquired a new position in shares of Carnival Co. & in the 2nd quarter valued at approximately $26,000. Hantz Financial Services Inc. acquired a new position in Carnival Co. & during the second quarter worth about $30,000. Assetmark Inc. grew its holdings in shares of Carnival Co. & by 1,431.5% during the third 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 last quarter. Finally, CVA Family Office LLC grew its holdings in Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after acquiring an additional 1,205 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

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.