Carnival Co. & (NYSE:CCL) Shares Up 0.3% Following Analyst Upgrade

Carnival Co. & plc (NYSE:CCL - Get Free Report)'s share price traded up 0.3% during trading on Wednesday after Bank of America raised their price target on the stock from $24.00 to $28.00. Bank of America currently has a buy rating on the stock. Carnival Co. & traded as high as $24.83 and last traded at $24.67. 6,348,641 shares were traded during mid-day trading, a decline of 79% from the average session volume of 29,608,600 shares. The stock had previously closed at $24.59.

Other research analysts have also recently issued reports about the company. Morgan Stanley boosted their target price on Carnival Co. & from $15.00 to $16.50 and gave the stock an "underweight" rating in a research note on Tuesday, October 1st. Stifel Nicolaus increased their price objective on Carnival Co. & from $25.00 to $27.00 and gave the company a "buy" rating in a report on Friday, September 20th. Barclays increased their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. increased their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company an "overweight" rating in a report on Wednesday, July 24th. Finally, Citigroup increased their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Carnival Co. & has an average rating of "Moderate Buy" and a consensus target price of $23.78.

Insider Transactions at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the business's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the sale, the director now directly owns 65,789 shares of the company's stock, valued at $1,428,937.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 11.00% of the company's stock.

Institutional Trading of Carnival Co. &

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Encompass Wealth Advisors LLC increased its holdings in Carnival Co. & by 2.9% in the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company's stock valued at $297,000 after buying an additional 451 shares during the last quarter. Metis Global Partners LLC boosted its stake in Carnival Co. & by 2.0% in the third quarter. Metis Global Partners LLC now owns 32,393 shares of the company's stock valued at $599,000 after acquiring an additional 621 shares during the period. Continuum Advisory LLC boosted its stake in Carnival Co. & by 22.1% in the second quarter. Continuum Advisory LLC now owns 3,480 shares of the company's stock valued at $65,000 after acquiring an additional 630 shares during the period. PFG Investments LLC boosted its stake in Carnival Co. & by 2.8% in the third quarter. PFG Investments LLC now owns 23,659 shares of the company's stock valued at $437,000 after acquiring an additional 641 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its stake in Carnival Co. & by 2.9% in the second quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company's stock valued at $490,000 after acquiring an additional 737 shares during the period. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Performance

The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. The stock has a 50 day simple moving average of $19.81 and a 200 day simple moving average of $17.48. The company has a market capitalization of $28.39 billion, a price-to-earnings ratio of 21.96 and a beta of 2.66.

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 (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business's revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share. As a group, analysts anticipate that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

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.

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