Carnival Co. & plc (NYSE:CCL) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Carnival Co. & plc (NYSE:CCL) have received a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $26.62.

A number of brokerages recently issued reports on CCL. Mizuho boosted their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley lifted their price target 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. Stifel Nicolaus upped their price objective on shares of Carnival Co. & from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Truist Financial lifted their target price on Carnival Co. & from $20.00 to $29.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Finally, Tigress Financial boosted their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th.

Carnival Co. & Stock Up 6.4 %

NYSE:CCL opened at $26.80 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $27.17. The stock’s fifty day simple moving average is $24.03 and its 200-day simple moving average is $19.49. The firm has a market capitalization of $30.93 billion, a P/E ratio of 23.93 and a beta of 2.67.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.07) earnings per share. Equities research analysts expect that Carnival Co. & will post 1.33 earnings per share for the current year.

Insider Transactions at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the sale, the director now owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in shares of Carnival Co. & during the 3rd quarter worth approximately $25,000. Family Firm Inc. acquired a new position in Carnival Co. & during the second quarter worth $26,000. Hantz Financial Services Inc. bought a new stake in Carnival Co. & during the second quarter worth $30,000. Assetmark Inc. lifted its stake in Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after acquiring an additional 1,546 shares during the last quarter. Finally, CVA Family Office LLC grew its position 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 acquiring an additional 1,205 shares during the period. 67.19% of the stock is currently owned by 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.