Carnival Co. & (NYSE:CCL) Price Target Raised to $25.00 at Barclays

Carnival Co. & (NYSE:CCL) had its target price lifted by investment analysts at Barclays from $24.00 to $25.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 45.43% from the stock’s previous close.

Several other equities analysts have also recently issued reports on CCL. Macquarie boosted their price objective on Carnival Co. & from $16.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, December 29th. Truist Financial upped their price target on shares of Carnival Co. & from $15.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 18th. Citigroup upped their price objective on shares of Carnival Co. & from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Mizuho assumed coverage on shares of Carnival Co. & in a report on Tuesday. They issued a “buy” rating and a $21.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Carnival Co. & from $14.00 to $18.00 and gave the stock a “hold” rating in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.42.

Carnival Co. & Trading Up 0.9 %

Shares of NYSE CCL opened at $17.19 on Thursday. The business’s 50 day moving average price is $16.03 and its 200-day moving average price is $15.33. Carnival Co. & has a fifty-two week low of $8.70 and a fifty-two week high of $19.74. The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.41 and a current ratio of 0.46. The company has a market cap of $19.24 billion, a price-to-earnings ratio of -143.24 and a beta of 2.54.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.04. Carnival Co. & had a negative net margin of 0.34% and a positive return on equity of 0.02%. The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the company posted ($0.55) earnings per share. Carnival Co. &’s revenue was up 22.0% compared to the same quarter last year. On average, sell-side analysts expect that Carnival Co. & will post 0.99 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO David Bernstein sold 153,995 shares of the firm’s 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 completion of the transaction, the chief financial officer now directly owns 181,981 shares of the company’s stock, valued at $2,797,047.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Carnival Co. &

Several large investors have recently bought and sold shares of CCL. Friedenthal Financial acquired a new position in Carnival Co. & in the fourth quarter valued at approximately $28,000. ICA Group Wealth Management LLC purchased a new position in shares of Carnival Co. & in the 4th quarter worth about $31,000. Farther Finance Advisors LLC boosted its stake in Carnival Co. & by 59.6% in the second quarter. Farther Finance Advisors LLC now owns 1,792 shares of the company’s stock valued at $34,000 after acquiring an additional 669 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Carnival Co. & by 67.2% during the 4th 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. Finally, 1832 Asset Management L.P. raised its holdings in Carnival Co. & by 66.7% during the 4th quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock valued at $37,000 after acquiring an additional 800 shares during the period. 67.19% of the stock is currently owned by institutional investors.

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.