Carnival Co. & plc (NYSE:CCL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Carnival Co. & plc (NYSE:CCL) has received a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $26.21.

CCL has been the subject of several research reports. Citigroup lifted their price target on Carnival Co. & from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley lifted their price target on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, October 1st. Barclays lifted their price target on Carnival Co. & from $26.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Finally, The Goldman Sachs Group lifted their price objective on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday.

Insider Activity

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This represents a 21.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Carnival Co. &

Institutional investors and hedge funds have recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Carnival Co. & in the 3rd quarter worth about $25,000. Family Firm Inc. acquired a new position in Carnival Co. & in the 2nd quarter worth about $26,000. Hantz Financial Services Inc. acquired a new position in Carnival Co. & in the 2nd quarter worth about $30,000. Assetmark Inc. increased its holdings in 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 in the last quarter. Finally, CVA Family Office LLC increased its holdings in Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after purchasing an additional 1,205 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

CCL opened at $25.90 on Friday. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $27.17. The stock has a market cap of $29.89 billion, a price-to-earnings ratio of 23.13 and a beta of 2.67. The business has a 50 day moving average of $23.27 and a 200-day moving average of $19.06. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $0.86 EPS. On average, equities research analysts expect that Carnival Co. & will post 1.33 earnings per share for the current year.

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.