Carnival Co. & plc (NYSE:CCL) Receives $21.47 Average PT from Analysts

Shares of Carnival Co. & plc (NYSE:CCL) have been assigned a consensus recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $21.47.

A number of equities analysts have recently weighed in on the company. Argus dropped their target price on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Susquehanna dropped their price objective on shares of Carnival Co. & from $23.00 to $22.00 and set a “positive” rating on the stock in a research note on Monday, March 25th. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Monday, April 22nd. Macquarie upped their price target on shares of Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Finally, Barclays lifted their price objective on Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th.

Insider Buying and Selling

In related news, CFO David Bernstein sold 153,995 shares of Carnival Co. & stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total value of $2,366,903.15. Following the transaction, the chief financial officer now owns 181,981 shares in the company, valued at approximately $2,797,047.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.00% of the stock is owned by insiders.

Institutional Trading of Carnival Co. &

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. lifted its holdings in shares of Carnival Co. & by 4.1% during the third quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock worth $209,000 after buying an additional 601 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Carnival Co. & by 10.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,341 shares of the company’s stock valued at $136,000 after purchasing an additional 689 shares during the period. GAMMA Investing LLC grew its position in Carnival Co. & by 7.5% in the 1st quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock worth $169,000 after purchasing an additional 726 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Carnival Co. & by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock worth $3,379,000 after purchasing an additional 729 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after buying an additional 739 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Down 3.3 %

Shares of NYSE:CCL opened at $14.13 on Friday. The firm has a 50 day simple moving average of $15.51 and a 200 day simple moving average of $15.62. Carnival Co. & has a 52 week low of $9.68 and a 52 week high of $19.74. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The company has a market cap of $15.85 billion, a PE ratio of 54.33 and a beta of 2.53.

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

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.