Carnival Co. & plc (NYSE:CCL) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Carnival Co. & plc (NYSE:CCL - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $23.78.

Several analysts have recently commented on CCL shares. Mizuho upped their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Tuesday, October 1st. Morgan Stanley upped their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an "underweight" rating in a report on Tuesday, October 1st. Macquarie upped their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. Truist Financial lifted their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a "hold" rating in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an "overweight" rating in a report on Wednesday, July 24th.

Insider Buying and Selling

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the company'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 transaction, the director now owns 65,789 shares of the company's stock, valued at $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. 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 company insiders.

Institutional Trading of Carnival Co. &

Institutional investors and hedge funds have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. lifted its stake in Carnival Co. & by 72.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company's stock worth $53,052,000 after acquiring an additional 1,204,500 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Carnival Co. & during the 3rd quarter worth about $1,140,000. Commonwealth Equity Services LLC boosted its holdings in Carnival Co. & by 1.0% in the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company's stock valued at $75,310,000 after purchasing an additional 39,491 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Carnival Co. & by 72.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company's stock worth $4,223,000 after purchasing an additional 103,501 shares in the last quarter. Finally, Wedge Capital Management L L P NC lifted its position 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 currently owned by hedge funds and other institutional investors.

Carnival Co. & Stock Performance

Shares of NYSE:CCL traded up $0.62 on Tuesday, hitting $25.13. 25,759,592 shares of the company were exchanged, compared to its average volume of 29,527,627. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The stock's 50 day moving average price is $20.48 and its 200 day moving average price is $17.75. Carnival Co. & has a 1-year low of $13.78 and a 1-year high of $25.22. The firm has a market capitalization of $29.00 billion, a P/E ratio of 22.38 and a beta of 2.66.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the previous year, the business earned $0.86 EPS. The company's quarterly revenue was up 15.2% compared to the same quarter last year. Sell-side analysts predict that Carnival Co. & will post 1.33 EPS for the current 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.