Analysts Set Carnival Co. & plc (NYSE:CCL) Target Price at $21.47

Shares of Carnival Co. & plc (NYSE:CCL) have been assigned a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $21.47.

CCL has been the subject of several recent research reports. Susquehanna decreased their price target on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a research note on Monday, March 25th. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a report on Monday, April 22nd. JPMorgan Chase & Co. raised their target price on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Argus cut their price target on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Finally, Stifel Nicolaus reduced their price objective on Carnival Co. & from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, March 28th.

Insider Activity at Carnival Co. &

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

Hedge Funds Weigh In On Carnival Co. &

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealthfront Advisers LLC raised its holdings in Carnival Co. & by 447.6% in the 3rd quarter. Wealthfront Advisers LLC now owns 215,672 shares of the company’s stock worth $2,959,000 after purchasing an additional 176,286 shares in the last quarter. Bellwether Advisors LLC bought a new position in Carnival Co. & in the fourth quarter worth about $1,368,000. Patton Fund Management Inc. lifted its holdings in Carnival Co. & by 981.9% in the third quarter. Patton Fund Management Inc. now owns 109,133 shares of the company’s stock worth $1,497,000 after buying an additional 99,046 shares during the period. Nordea Investment Management AB raised its position in shares of Carnival Co. & by 126.1% in the 4th quarter. Nordea Investment Management AB now owns 740,750 shares of the company’s stock worth $13,782,000 after acquiring an additional 413,082 shares in the last quarter. Finally, Blackstone Inc. lifted its stake in shares of Carnival Co. & by 50.8% in the 3rd quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock valued at $41,160,000 after purchasing an additional 1,010,000 shares during the period. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $14.44 on Friday. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The stock has a 50 day moving average price of $15.55 and a 200 day moving average price of $15.58. The stock has a market capitalization of $16.21 billion, a PE ratio of 55.54 and a beta of 2.53. Carnival Co. & has a 52 week low of $9.21 and a 52 week high of $19.74.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the prior year, the firm posted ($0.55) EPS. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. Analysts predict that Carnival Co. & will post 1.02 earnings per share for the current fiscal year.

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.