Carnival Co. & (NYSE:CCL) Trading Down 0.1% - Here's What Happened

Carnival Co. & plc (NYSE:CCL - Get Free Report)'s share price fell 0.1% during trading on Tuesday . The company traded as low as $24.22 and last traded at $24.57. 4,565,766 shares were traded during mid-day trading, a decline of 85% from the average session volume of 29,652,564 shares. The stock had previously closed at $24.60.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CCL shares. Stifel Nicolaus increased their price objective on Carnival Co. & from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Truist Financial raised their price target on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a "hold" rating in a report on Tuesday, July 23rd. Tigress Financial increased their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, October 7th. Macquarie boosted their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. Finally, Morgan Stanley increased their price objective on Carnival Co. & from $15.00 to $16.50 and gave the stock an "underweight" rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $23.53.

Carnival Co. & Stock Down 0.0 %

The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The stock has a market cap of $28.38 billion, a P/E ratio of 22.00 and a beta of 2.66. The company's fifty day moving average price is $19.64 and its 200-day moving average price is $17.41.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same period in the prior year, the firm earned $0.86 EPS. The company's revenue for the quarter was up 15.2% compared to the same quarter last year. Equities analysts forecast that Carnival Co. & plc will post 1.33 EPS for the current year.

Insider Activity

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the business's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the transaction, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 11.00% of the company's stock.

Hedge Funds Weigh In On Carnival Co. &

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC lifted its holdings in shares of Carnival Co. & by 29.4% in the 1st quarter. Empowered Funds LLC now owns 16,467 shares of the company's stock valued at $269,000 after buying an additional 3,741 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in Carnival Co. & during the third quarter worth about $1,140,000. Commonwealth Equity Services LLC lifted its position in Carnival Co. & by 1.0% during the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company's stock worth $75,310,000 after buying an additional 39,491 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Carnival Co. & by 72.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company's stock valued at $4,223,000 after acquiring an additional 103,501 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in shares of Carnival Co. & by 10.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company's stock worth $4,892,000 after buying an additional 24,198 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

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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