Shares of Carnival Co. & plc (NYSE:CCL - Get Free Report) were up 1.4% during trading on Friday . The company traded as high as $24.07 and last traded at $24.01. Approximately 4,644,043 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 29,744,439 shares. The stock had previously closed at $23.68.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on CCL. Citigroup increased their price target on Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an "overweight" rating in a report on Wednesday, July 24th. Stifel Nicolaus increased their price objective on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Friday, September 20th. Morgan Stanley lifted their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an "underweight" rating in a research report on Tuesday, October 1st. Finally, Hsbc Global Res upgraded shares of Carnival Co. & to a "moderate sell" rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $23.53.
Check Out Our Latest Analysis on CCL
Carnival Co. & Stock Up 1.6 %
The business has a fifty day moving average price of $19.18 and a two-hundred day moving average price of $17.19. The company has a market cap of $27.78 billion, a price-to-earnings ratio of 21.44 and a beta of 2.66. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10.
Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) 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 firm had revenue of $7.90 billion during the quarter, compared to analysts' expectations of $7.82 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The business's revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current year.
Insider Transactions at Carnival Co. &
In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the firm's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the sale, the director now owns 65,789 shares of the company's stock, valued at $1,428,937.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.00% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Carnival Co. &
Several large investors have recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of Carnival Co. & in the 3rd quarter worth about $25,000. Family Firm Inc. bought a new position in Carnival Co. & in the second quarter valued at about $26,000. Hantz Financial Services Inc. bought a new stake in shares of Carnival Co. & during the second quarter worth approximately $30,000. Assetmark Inc. lifted its stake in shares of Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company's stock valued at $31,000 after purchasing an additional 1,546 shares during the period. Finally, CVA Family Office LLC lifted its stake in Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company's stock valued at $36,000 after buying an additional 1,205 shares during the period. Institutional investors and hedge funds own 67.19% of the company's stock.
About Carnival Co. &
(
Get Free Report)
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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