Carnival Co. & (NYSE:CCL – Free Report) had its target price boosted by Bank of America from $24.00 to $28.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.
CCL has been the subject of several other research reports. Morgan Stanley raised their price target on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. lifted their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Stifel Nicolaus increased their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. Truist Financial boosted their price objective on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Finally, Tigress Financial increased their target price on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.78.
Read Our Latest Analysis on CCL
Carnival Co. & Price Performance
Carnival Co. & (NYSE:CCL – Get Free Report) last announced its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping 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 firm had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The business’s revenue was up 15.2% compared to the same quarter last year. Sell-side analysts anticipate that Carnival Co. & will post 1.33 earnings per share for the current year.
Insider Buying and Selling
In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 11.00% of the stock is owned by company insiders.
Institutional Trading of Carnival Co. &
Institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC raised its holdings in shares of Carnival Co. & by 29.4% during the 1st quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock worth $269,000 after buying an additional 3,741 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Carnival Co. & in the third quarter worth about $1,140,000. Commonwealth Equity Services LLC boosted its stake in shares of Carnival Co. & by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock valued at $75,310,000 after purchasing an additional 39,491 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Carnival Co. & by 72.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock valued at $4,223,000 after purchasing an additional 103,501 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in Carnival Co. & by 10.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock valued at $4,892,000 after purchasing an additional 24,198 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.
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.
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