Carnival Co. & (NYSE:CCL) Reaches New 1-Year High – Time to Buy?

Carnival Co. & plc (NYSE:CCL)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $25.13 and last traded at $24.96, with a volume of 11265014 shares. The stock had previously closed at $24.51.

Analyst Ratings Changes

CCL has been the topic of several recent research reports. Citigroup lifted their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Bank of America upped their target price on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Stifel Nicolaus lifted their target price on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Truist Financial raised their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Finally, Barclays increased their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and a consensus price target of $23.78.

Carnival Co. & Stock Up 2.5 %

The firm has a market cap of $29.00 billion, a price-to-earnings ratio of 22.38 and a beta of 2.66. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The firm has a fifty day simple moving average of $20.48 and a 200-day simple moving average of $17.75.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The company’s revenue was up 15.2% on a year-over-year basis. As a group, sell-side analysts expect that Carnival Co. & plc 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 the firm’s 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 completion of the transaction, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Carnival Co. & in the 3rd quarter worth about $25,000. Family Firm Inc. bought a new stake in Carnival Co. & in the second quarter valued at $26,000. Hantz Financial Services Inc. acquired a new position in shares of Carnival Co. & during the second quarter valued at about $30,000. Assetmark Inc. boosted its position in shares of Carnival Co. & by 1,431.5% during 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 grew its stake in shares of Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after buying an additional 1,205 shares during the period. 67.19% of the stock is owned by institutional investors.

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.