Carnival (NYSE:CCL) had its price target increased by JPMorgan Chase & Co. from $75.00 to $77.00 in a report released on Friday. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 19.55% from the stock’s previous close.
CCL has been the subject of several other reports. Tigress Financial reaffirmed a “buy” rating on shares of Carnival in a report on Friday, December 22nd. Deutsche Bank upped their target price on Carnival to $70.00 and gave the company a “hold” rating in a report on Wednesday, December 20th. Credit Suisse Group raised Carnival from a “neutral” rating to an “outperform” rating and upped their target price for the company from $66.05 to $70.00 in a report on Tuesday, January 9th. Morgan Stanley raised Carnival from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $65.94 to $68.00 in a report on Wednesday, December 6th. Finally, Barclays upped their target price on Carnival from $67.00 to $73.00 and gave the company an “equal weight” rating in a report on Thursday, December 21st. Seven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Carnival presently has a consensus rating of “Buy” and an average price target of $74.33.
Shares of Carnival (NYSE:CCL) opened at $64.41 on Friday. The company has a market capitalization of $35,362.16, a P/E ratio of 17.65, a price-to-earnings-growth ratio of 1.09 and a beta of 0.80. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.14 and a current ratio of 0.18. Carnival has a twelve month low of $57.39 and a twelve month high of $72.70.
In other Carnival news, General Counsel Arnaldo Perez sold 15,166 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total transaction of $1,009,903.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Arnold W. Donald sold 3,000 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $68.00, for a total value of $204,000.00. Following the sale, the chief executive officer now owns 132,376 shares in the company, valued at approximately $9,001,568. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 333,364 shares of company stock worth $22,422,561. Company insiders own 23.80% of the company’s stock.
Several large investors have recently bought and sold shares of CCL. Macquarie Group Ltd. lifted its position in shares of Carnival by 4.0% during the third quarter. Macquarie Group Ltd. now owns 131,199 shares of the company’s stock worth $8,471,000 after acquiring an additional 5,079 shares in the last quarter. ING Groep NV lifted its position in shares of Carnival by 732.3% during the third quarter. ING Groep NV now owns 46,278 shares of the company’s stock worth $2,988,000 after acquiring an additional 40,718 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of Carnival during the third quarter worth $1,433,000. Harwood Advisory Group LLC lifted its position in shares of Carnival by 35.3% during the third quarter. Harwood Advisory Group LLC now owns 14,991 shares of the company’s stock worth $968,000 after acquiring an additional 3,911 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Carnival by 2.0% during the third quarter. Nordea Investment Management AB now owns 1,380,751 shares of the company’s stock worth $89,155,000 after acquiring an additional 27,234 shares in the last quarter. Hedge funds and other institutional investors own 76.72% of the company’s stock.
Carnival Company Profile
Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.
Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.