Carnival Co. & (NYSE:CCL) Given New $31.00 Price Target at Barclays

Carnival Co. & (NYSE:CCL - Free Report) had its target price increased by Barclays from $26.00 to $31.00 in a report published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also recently commented on CCL. The Goldman Sachs Group upped their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday. Truist Financial increased their price target on shares of Carnival Co. & from $20.00 to $29.00 and gave the company a "hold" rating in a report on Monday, December 2nd. Stifel Nicolaus upped their target price on Carnival Co. & from $27.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They set a "market perform" rating and a $26.00 price objective for the company. Finally, Citigroup boosted their target price on shares of Carnival Co. & from $28.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, Carnival Co. & presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.21.

Carnival Co. & Trading Down 1.1 %

Shares of CCL traded down $0.28 during mid-day trading on Friday, reaching $25.90. The stock had a trading volume of 13,799,141 shares, compared to its average volume of 28,745,363. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $27.17. The firm has a market cap of $29.89 billion, a price-to-earnings ratio of 23.13 and a beta of 2.67. The business's fifty day moving average is $23.42 and its 200 day moving average is $19.14. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.10. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business had revenue of $7.90 billion during the quarter, compared to analysts' expectations of $7.82 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The company's revenue was up 15.2% on a year-over-year basis. On average, sell-side analysts predict that Carnival Co. & 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 Carnival Co. & stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the transaction, the director now owns 65,789 shares in the company, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 11.00% of the company's stock.

Institutional Investors Weigh In On Carnival Co. &

Hedge funds have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Carnival Co. & during the 2nd quarter valued at approximately $466,838,000. Marshall Wace LLP lifted its holdings in shares of Carnival Co. & by 510.5% during the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company's stock worth $193,398,000 after buying an additional 8,638,865 shares during the last quarter. Mizuho Securities USA LLC boosted its position in shares of Carnival Co. & by 8,431.1% in the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company's stock valued at $122,781,000 after acquiring an additional 6,566,120 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company's stock worth $179,435,000 after purchasing an additional 2,911,100 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Carnival Co. & by 2,400.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company's stock worth $556,280,000 after acquiring an additional 2,889,785 shares during the period. 67.19% of the stock is currently owned by institutional investors.

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.