Carnival Co. & (NYSE:CCL) had its price target hoisted by research analysts at Stifel Nicolaus from $30.00 to $35.00 in a report issued on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 20.69% from the stock’s current price.
CCL has been the subject of a number of other reports. HSBC lowered Carnival Co. & from a “hold” rating to a “reduce” rating and set a $15.30 price objective for the company. in a report on Tuesday, January 26th. Zacks Investment Research raised Carnival Co. & from a “sell” rating to a “hold” rating and set a $28.00 price objective for the company in a report on Monday. JPMorgan Chase & Co. increased their price objective on Carnival Co. & from $23.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 22nd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on Carnival Co. & in a research note on Thursday, April 1st. They set a “buy” rating and a $30.00 price target for the company. Finally, Truist Securities increased their price target on Carnival Co. & from $14.00 to $16.00 in a research note on Monday, March 15th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $22.38.
NYSE:CCL opened at $29.00 on Thursday. The firm has a market capitalization of $27.04 billion, a PE ratio of -2.82 and a beta of 2.27. The stock has a 50 day moving average of $26.73 and a 200-day moving average of $20.49. Carnival Co. & has a 52 week low of $10.95 and a 52 week high of $30.63. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.97.
In other news, CFO David Bernstein sold 24,296 shares of the stock in a transaction on Wednesday, January 20th. The stock was sold at an average price of $20.98, for a total value of $509,730.08. Following the completion of the sale, the chief financial officer now owns 176,212 shares in the company, valued at $3,696,927.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter C. Anderson sold 4,184 shares of the stock in a transaction on Monday, February 8th. The shares were sold at an average price of $21.43, for a total value of $89,663.12. Following the completion of the sale, the insider now owns 71,684 shares of the company’s stock, valued at approximately $1,536,188.12. The disclosure for this sale can be found here. 24.00% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CCL. Prestige Wealth Management Group LLC lifted its holdings in shares of Carnival Co. & by 108.8% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,119 shares of the company’s stock valued at $25,000 after purchasing an additional 583 shares in the last quarter. SRS Capital Advisors Inc. purchased a new stake in shares of Carnival Co. & in the fourth quarter valued at $26,000. Winslow Evans & Crocker Inc. lifted its holdings in shares of Carnival Co. & by 255.1% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,225 shares of the company’s stock valued at $27,000 after purchasing an additional 880 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of Carnival Co. & by 490.7% in the fourth quarter. Bogart Wealth LLC now owns 1,329 shares of the company’s stock valued at $28,000 after purchasing an additional 1,104 shares in the last quarter. Finally, Advisory Alpha LLC purchased a new stake in shares of Carnival Co. & during the third quarter worth $31,000. Institutional investors own 55.19% of the company’s stock.
Carnival Co. & Company Profile
Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.
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