Carnival Co. & (NYSE:CCL) Stock Price Down 0.1% – Here’s Why

Carnival Co. & plc (NYSE:CCL) shares traded down 0.1% on Tuesday . The company traded as low as $24.22 and last traded at $24.57. 4,565,766 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 29,652,564 shares. The stock had previously closed at $24.60.

Analyst Upgrades and Downgrades

CCL has been the topic of a number of analyst reports. Truist Financial raised their price target on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Barclays upped their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. upped their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Tigress Financial upped their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Finally, Mizuho boosted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Carnival Co. & has a consensus rating of “Moderate Buy” and an average price target of $23.53.

Carnival Co. & Trading Down 0.0 %

The business has a fifty day simple moving average of $19.64 and a 200 day simple moving average of $17.41. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. The company has a market cap of $28.38 billion, a price-to-earnings ratio of 22.00 and a beta of 2.66.

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

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the sale, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Carnival Co. &

Institutional investors have recently modified their holdings of the stock. Encompass Wealth Advisors LLC grew its position in Carnival Co. & by 2.9% in the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after buying an additional 451 shares during the last quarter. Metis Global Partners LLC increased its holdings in shares of Carnival Co. & by 2.0% in the 3rd quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock valued at $599,000 after purchasing an additional 621 shares during the period. Continuum Advisory LLC lifted its position in Carnival Co. & by 22.1% in the 2nd quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock worth $65,000 after buying an additional 630 shares in the last quarter. PFG Investments LLC boosted its stake in shares of Carnival Co. & by 2.8% during the 3rd quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock valued at $437,000 after buying an additional 641 shares during the period. Finally, Texas Permanent School Fund Corp grew 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 valued at $3,379,000 after acquiring an additional 729 shares in the last quarter. Institutional investors and hedge funds 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.