Carnival Co. & plc (NYSE:CCL) Receives $26.21 Consensus PT from Analysts

Shares of Carnival Co. & plc (NYSE:CCL - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eighteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $26.21.

CCL has been the topic of several recent analyst reports. Mizuho increased their target price on Carnival Co. & from $26.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Stifel Nicolaus increased their price objective on Carnival Co. & from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday. Citigroup lifted their price objective on Carnival Co. & from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday. 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 target price on the stock. Finally, Barclays lifted their price target on shares of Carnival Co. & from $26.00 to $31.00 and gave the stock an "overweight" rating in a research note on Friday.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the firm's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now directly owns 65,789 shares of the company's stock, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Carnival Co. &

Hedge funds have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. boosted its position in shares of Carnival Co. & by 72.3% during 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. bought a new position in shares of Carnival Co. & during the 3rd quarter valued at about $1,140,000. Commonwealth Equity Services LLC grew its position in shares of Carnival Co. & by 1.0% during 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. Wedge Capital Management L L P NC increased its holdings in shares of Carnival Co. & by 10.1% in the third quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company's stock worth $4,892,000 after purchasing an additional 24,198 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Carnival Co. & by 181.7% in the third quarter. Cerity Partners LLC now owns 123,815 shares of the company's stock worth $2,288,000 after buying an additional 79,857 shares in the last quarter. Institutional investors own 67.19% of the company's stock.

Carnival Co. & Stock Down 1.1 %

Shares of NYSE:CCL traded down $0.28 on Friday, hitting $25.90. 13,799,141 shares of the company traded hands, compared to its average volume of 28,745,363. The stock has a 50 day simple moving average of $23.42 and a 200-day simple moving average of $19.16. 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 company has a market cap of $29.89 billion, a PE ratio of 23.13 and a beta of 2.67. Carnival Co. & has a 52 week low of $13.78 and a 52 week high of $27.17.

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 for the quarter, beating analysts' consensus estimates of $1.17 by $0.10. The business had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. Carnival Co. &'s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business earned $0.86 EPS. As a group, research analysts expect that Carnival Co. & will post 1.33 earnings per share for the current 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.