Carnival Co. & (NYSE:CCL) Sets New 52-Week High – Here’s What Happened

Carnival Co. & plc (NYSE:CCL) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $25.13 and last traded at $24.96, with a volume of 11265014 shares trading hands. The stock had previously closed at $24.51.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCL. Barclays raised their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Citigroup lifted their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Bank of America raised their price target on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus upped their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.78.

Carnival Co. & Stock Up 2.5 %

The company’s 50 day moving average price is $20.48 and its two-hundred day moving average price is $17.75. The stock has a market cap of $29.00 billion, a P/E ratio of 22.38 and a beta of 2.66. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS. Equities analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Insider Activity

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the sale, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.00% of the company’s stock.

Institutional Trading of Carnival Co. &

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank boosted its position in shares of Carnival Co. & by 3.9% in the 3rd quarter. Toronto Dominion Bank now owns 557,811 shares of the company’s stock worth $10,308,000 after purchasing an additional 20,773 shares in the last quarter. Geode Capital Management LLC boosted its position in Carnival Co. & by 3.5% during the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock worth $442,515,000 after purchasing an additional 811,692 shares in the last quarter. M&T Bank Corp grew its position in shares of Carnival Co. & by 7.8% in the third quarter. M&T Bank Corp now owns 59,628 shares of the company’s stock valued at $1,102,000 after purchasing an additional 4,311 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Carnival Co. & by 1.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 295,330 shares of the company’s stock worth $5,458,000 after acquiring an additional 5,369 shares during the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of Carnival Co. & in the third quarter worth about $260,000. Institutional investors own 67.19% of the company’s stock.

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.