Carnival Co. & (NYSE:CCL) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Carnival Co. & (NYSE:CCL) had its price target raised by investment analysts at Stifel Nicolaus from $32.00 to $34.00 in a research report issued to clients and investors on Monday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 31.83% from the stock’s current price.

Several other analysts have also recently weighed in on CCL. Tigress Financial lifted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Citigroup increased their price target on Carnival Co. & from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company lifted their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Barclays increased their target price on Carnival Co. & from $26.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus target price of $26.85.

Carnival Co. & Stock Up 0.2 %

CCL opened at $25.79 on Monday. 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’s fifty day simple moving average is $24.14 and its 200 day simple moving average is $19.59. Carnival Co. & has a 1-year low of $13.78 and a 1-year high of $27.17. The stock has a market cap of $29.77 billion, a PE ratio of 23.03 and a beta of 2.67.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating 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 business’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.07) EPS. As a group, research analysts expect that Carnival Co. & will post 1.33 earnings per share for the current year.

Insider Transactions at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 11.00% of the company’s stock.

Institutional Trading of Carnival Co. &

Institutional investors have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Carnival Co. & by 72.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock valued at $53,052,000 after purchasing an additional 1,204,500 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Carnival Co. & in the third quarter valued at $1,140,000. Commonwealth Equity Services LLC boosted its position in Carnival Co. & by 1.0% during the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock valued at $75,310,000 after acquiring an additional 39,491 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in 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 worth $4,892,000 after acquiring an additional 24,198 shares during the period. Finally, Cerity Partners LLC raised its position in shares of Carnival Co. & by 181.7% in the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock worth $2,288,000 after acquiring an additional 79,857 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

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.