Sanford C. Bernstein Initiates Coverage on Carnival Co. & (NYSE:CCL)

Equities researchers at Sanford C. Bernstein assumed coverage on shares of Carnival Co. & (NYSE:CCL) in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm set a “market perform” rating and a $26.00 price target on the stock. Sanford C. Bernstein’s price target would indicate a potential upside of 3.38% from the stock’s current price.

CCL has been the topic of several other research reports. Bank of America raised their price target on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Morgan Stanley raised their target price on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday, October 1st. Mizuho upped their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Citigroup lifted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Tigress Financial upped their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.91.

Carnival Co. & Stock Down 0.7 %

CCL stock opened at $25.15 on Tuesday. The firm has a market cap of $29.03 billion, a price-to-earnings ratio of 22.46 and a beta of 2.66. Carnival Co. & has a 1-year low of $13.78 and a 1-year high of $25.80. The firm has a fifty day moving average price of $21.58 and a two-hundred day moving average price of $18.25. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. Research analysts predict that Carnival Co. & will post 1.33 EPS for the current year.

Insider Buying and Selling at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 11.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Carnival Co. &

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new stake in shares of Carnival Co. & during the 1st quarter worth $90,000. Price T Rowe Associates Inc. MD boosted its position in shares of Carnival Co. & by 1.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,366,661 shares of the company’s stock valued at $22,333,000 after purchasing an additional 20,724 shares during the period. Janus Henderson Group PLC increased its stake in Carnival Co. & by 114.8% in the 1st quarter. Janus Henderson Group PLC now owns 179,295 shares of the company’s stock worth $2,929,000 after purchasing an additional 95,828 shares in the last quarter. Tidal Investments LLC raised its holdings in Carnival Co. & by 3.8% during the 1st quarter. Tidal Investments LLC now owns 49,586 shares of the company’s stock worth $810,000 after buying an additional 1,797 shares during the period. Finally, Beacon Capital Management LLC raised its holdings in Carnival Co. & by 118.2% during the 1st quarter. Beacon Capital Management LLC now owns 6,859 shares of the company’s stock worth $112,000 after buying an additional 3,716 shares during the period. 67.19% of the stock is 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.