Carnival Co. & (NYSE:CCL) Price Target Raised to $32.00

Carnival Co. & (NYSE:CCL) had its target price hoisted by Stifel Nicolaus from $27.00 to $32.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Barclays increased their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. The Goldman Sachs Group increased their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday. Macquarie increased their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Bank of America lifted their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Morgan Stanley upped their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.91.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $26.18 on Tuesday. The company has a 50-day simple moving average of $23.09 and a 200 day simple moving average of $19.01. The company has a market capitalization of $30.22 billion, a price-to-earnings ratio of 23.75 and a beta of 2.67. Carnival Co. & has a 52 week low of $13.78 and a 52 week high of $27.17. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results 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. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter last year, the company posted $0.86 EPS. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, sell-side analysts predict that Carnival Co. & will post 1.33 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction on Tuesday, October 29th. The stock was 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 of the company’s stock, valued at $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Carnival Co. &

Several hedge funds and other institutional investors have recently bought and sold shares of CCL. Ashton Thomas Securities LLC bought a new stake in Carnival Co. & during the third quarter worth approximately $25,000. Family Firm Inc. purchased a new position in Carnival Co. & during the 2nd quarter worth approximately $26,000. Hantz Financial Services Inc. acquired a new stake in Carnival Co. & during the 2nd quarter valued at $30,000. Assetmark Inc. lifted its holdings in shares of Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares in the last quarter. Finally, CVA Family Office LLC boosted its position in shares of Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after buying an additional 1,205 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

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.