Carnival Co. & (CCL) – Analysts’ Weekly Ratings Changes

Carnival Co. & (NYSE: CCL) recently received a number of ratings updates from brokerages and research firms:

• 4/3/2024 – Carnival Co. & had its price target raised by analysts at Tigress Financial from $23.00 to $25.00. They now have a “buy” rating on the stock.
• 4/1/2024 – Carnival Co. & had its price target lowered by analysts at Argus from $23.00 to $20.00. They now have a “buy” rating on the stock.
• 3/28/2024 – Carnival Co. & had its price target raised by analysts at JPMorgan Chase & Co. from $22.00 to $23.00. They now have an “overweight” rating on the stock.
• 3/28/2024 – Carnival Co. & had its price target raised by analysts at Barclays PLC from $24.00 to $25.00. They now have an “overweight” rating on the stock.
• 3/28/2024 – Carnival Co. & had its price target raised by analysts at Macquarie from $22.00 to $24.00. They now have an “outperform” rating on the stock.
• 3/28/2024 – Carnival Co. & had its price target lowered by analysts at Stifel Nicolaus from $26.00 to $25.00. They now have a “buy” rating on the stock.
• 3/26/2024 – Carnival Co. & is now covered by analysts at Mizuho. They set a “buy” rating and a $21.00 price target on the stock.
• 3/25/2024 – Carnival Co. & had its price target lowered by analysts at Susquehanna from $23.00 to $22.00. They now have a “positive” rating on the stock.
• 3/19/2024 – Carnival Co. & had its “outperform” rating reaffirmed by analysts at William Blair.
• 3/13/2024 – Carnival Co. & is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating and a $20.00 price target on the stock.

Carnival Co. & Stock Up 1.6 %

Shares of NYSE:CCL opened at $14.13 on Thursday. The business has a 50 day simple moving average of $15.67 and a two-hundred day simple moving average of $15.40. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. Carnival Co. & plc has a 1 year low of $8.70 and a 1 year high of $19.74. The firm has a market capitalization of $15.85 billion, a PE ratio of 54.33 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) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. Carnival Co. &’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.55) earnings per share. On average, equities analysts predict that Carnival Co. & plc will post 1.01 EPS for the current year.

Insider Buying and Selling

In related news, CFO David Bernstein sold 153,995 shares of the business’s stock in a transaction that occurred 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 owns 181,981 shares of the company’s stock, valued at $2,797,047.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 11.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Carnival Co. &

A number of large investors have recently bought and sold shares of CCL. American Century Companies Inc. grew its holdings in Carnival Co. & by 13.3% in the first quarter. American Century Companies Inc. now owns 33,016 shares of the company’s stock worth $667,000 after purchasing an additional 3,869 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Carnival Co. & by 7.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 108,222 shares of the company’s stock worth $2,188,000 after purchasing an additional 7,248 shares during the last quarter. Yousif Capital Management LLC grew its holdings in Carnival Co. & by 3.4% in the first quarter. Yousif Capital Management LLC now owns 137,825 shares of the company’s stock worth $2,787,000 after purchasing an additional 4,536 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Carnival Co. & by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,734,230 shares of the company’s stock worth $95,697,000 after purchasing an additional 93,169 shares during the last quarter. Finally, Aviva PLC grew its holdings in Carnival Co. & by 25.5% in the first quarter. Aviva PLC now owns 152,741 shares of the company’s stock worth $3,088,000 after purchasing an additional 31,037 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

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.