Citigroup Issues Positive Forecast for Carnival Co. & (NYSE:CCL) Stock Price

Carnival Co. & (NYSE:CCL) had its price target boosted by equities researchers at Citigroup from $30.00 to $31.00 in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 20.34% from the stock’s previous close.

A number of other brokerages have also recently commented on CCL. The Goldman Sachs Group increased their target price on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Mizuho raised their target price on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. 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. Bank of America upped their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.85.

Carnival Co. & Price Performance

Shares of NYSE:CCL traded down $1.04 during midday trading on Monday, reaching $25.76. 23,382,035 shares of the company’s stock traded hands, compared to its average volume of 28,696,057. The company has a market cap of $29.73 billion, a P/E ratio of 23.00 and a beta of 2.67. The company has a fifty day simple moving average of $24.03 and a two-hundred day simple moving average of $19.51. 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. & has a 1 year low of $13.78 and a 1 year high of $27.17.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.07) EPS. Equities analysts predict that Carnival Co. & will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling

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 completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 11.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CCL. Ashton Thomas Securities LLC bought a new stake in Carnival Co. & during the 3rd quarter worth approximately $25,000. Hantz Financial Services Inc. bought a new position in Carnival Co. & during the 2nd quarter worth about $30,000. Assetmark Inc. boosted its position in shares of Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after buying an additional 1,546 shares during the period. CVA Family Office LLC grew its holdings in shares of Carnival Co. & by 163.9% during 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 in the last quarter. Finally, Morse Asset Management Inc bought a new stake in Carnival Co. & in the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

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.