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

Investment analysts at Sanford C. Bernstein assumed coverage on shares of Carnival Co. & (NYSE:CCL) in a report issued on Tuesday,Briefing.com Automated Import reports. The brokerage set a “market perform” rating and a $26.00 price target on the stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 3.22% from the company’s current price.

CCL has been the topic of several other research reports. Citigroup raised their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley raised their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 1st. Macquarie boosted their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Finally, Bank of America lifted their target price on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.91.

Carnival Co. & Stock Up 1.2 %

Shares of NYSE:CCL opened at $25.19 on Tuesday. The firm has a market capitalization of $29.07 billion, a PE ratio of 22.49 and a beta of 2.66. The business has a 50 day simple moving average of $21.30 and a two-hundred day simple moving average of $18.13. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $25.60. 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 posted its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $7.82 billion. During the same quarter in the previous year, the business earned $0.86 EPS. Carnival Co. &’s revenue was up 15.2% compared to the same quarter last year. On average, equities analysts predict that Carnival Co. & will post 1.33 EPS for the current year.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of the 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 directly owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.00% of the stock is owned by company insiders.

Institutional Trading of Carnival Co. &

Several large investors have recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Carnival Co. & in the second quarter worth about $466,838,000. Marshall Wace LLP increased its holdings in Carnival Co. & by 510.5% in the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after buying an additional 8,638,865 shares during the period. Mizuho Securities USA LLC raised its position in Carnival Co. & by 8,431.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after buying an additional 6,566,120 shares during the last quarter. Renaissance Technologies LLC raised its position in Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after buying an additional 2,911,100 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Carnival Co. & by 2,400.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock valued at $556,280,000 after acquiring an additional 2,889,785 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

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.