Carnival Co. & (NYSE:CCL) Given Outperform Rating at William Blair

William Blair reissued their outperform rating on shares of Carnival Co. & (NYSE:CCL) in a research note issued to investors on Monday, RTT News reports. William Blair also issued estimates for Carnival Co. &’s Q4 2024 earnings at $0.04 EPS, FY2024 earnings at $0.98 EPS, FY2025 earnings at $1.62 EPS and FY2026 earnings at $1.86 EPS.

Several other brokerages also recently weighed in on CCL. JPMorgan Chase & Co. upped their target price on Carnival Co. & from $22.00 to $23.00 and gave the stock an overweight rating in a research note on Thursday, March 28th. Mizuho assumed coverage on Carnival Co. & in a research note on Tuesday, March 26th. They set a buy rating and a $21.00 target price for the company. Wells Fargo & Company raised Carnival Co. & from an equal weight rating to an overweight rating and set a $22.00 target price for the company in a research note on Friday, January 5th. Tigress Financial increased their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company a buy rating in a research note on Wednesday, April 3rd. Finally, Barclays increased their price objective on Carnival Co. & from $24.00 to $25.00 and gave the company an overweight rating in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $21.47.

Carnival Co. & Trading Up 1.1 %

Shares of NYSE:CCL opened at $15.18 on Monday. Carnival Co. & has a 12-month low of $8.70 and a 12-month high of $19.74. The company has a market capitalization of $17.04 billion, a PE ratio of 58.38 and a beta of 2.54. The business has a 50 day moving average of $15.57 and a two-hundred day moving average of $15.44. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.04. The business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.55) EPS. As a group, analysts forecast that Carnival Co. & will post 1.02 EPS for the current year.

Insider Buying and Selling at Carnival Co. &

In other news, CFO David Bernstein sold 153,995 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the transaction, the chief financial officer now directly owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Carnival Co. &

A number of hedge funds have recently modified their holdings of CCL. Point72 Asset Management L.P. grew its holdings in shares of Carnival Co. & by 210.1% during the 4th quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock worth $72,200,000 after purchasing an additional 2,638,564 shares during the period. Norges Bank purchased a new position in Carnival Co. & during the 4th quarter valued at about $40,236,000. Deutsche Bank AG boosted its holdings in Carnival Co. & by 117.5% during the 3rd quarter. Deutsche Bank AG now owns 3,498,569 shares of the company’s stock valued at $48,000,000 after acquiring an additional 1,890,081 shares during the period. International Assets Investment Management LLC boosted its holdings in Carnival Co. & by 1,589.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,789,351 shares of the company’s stock valued at $331,750,000 after acquiring an additional 1,683,434 shares during the period. Finally, Blackstone Inc. boosted its holdings in Carnival Co. & by 50.8% during the 3rd quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock valued at $41,160,000 after acquiring an additional 1,010,000 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

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.