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

Carnival Co. & (NYSE:CCL) had its price target hoisted by Truist Financial from $29.00 to $30.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other equities analysts also recently commented on CCL. Barclays boosted their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Sanford C. Bernstein initiated coverage on Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective for the company. Wells Fargo & Company boosted their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Tigress Financial raised their price target on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Finally, Stifel Nicolaus upped their price objective on Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. One 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.24.

Carnival Co. & Stock Down 0.7 %

Shares of CCL stock opened at $25.43 on Friday. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & has a one year low of $13.78 and a one year high of $27.17. The company’s fifty day moving average price is $25.31 and its 200-day moving average price is $20.84. The company has a market capitalization of $29.35 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 0.80 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the previous year, the business earned ($0.07) earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. Sell-side analysts expect that Carnival Co. & will post 1.74 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $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 accessible through the SEC website. Insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after acquiring an additional 2,301,906 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Carnival Co. & by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock valued at $442,515,000 after purchasing an additional 811,692 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of Carnival Co. & by 8,431.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after purchasing an additional 6,566,120 shares during the period. Goldentree Asset Management LP boosted its stake in shares of Carnival Co. & by 16.1% during the third quarter. Goldentree Asset Management LP now owns 5,151,458 shares of the company’s stock valued at $95,037,000 after purchasing an additional 712,469 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings 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 buying an additional 39,491 shares during the period. 67.19% of the stock is owned by institutional investors.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.