Carnival Co. & (NYSE:CCL) Given New $22.00 Price Target at Morgan Stanley

Carnival Co. & (NYSE:CCL - Get Free Report) had its target price lifted by equities research analysts at Morgan Stanley from $20.00 to $22.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an "underweight" rating on the stock. Morgan Stanley's target price would suggest a potential downside of 9.13% from the stock's previous close.

Several other research analysts have also issued reports on the company. Truist Financial raised their target price on Carnival Co. & from $20.00 to $29.00 and gave the stock a "hold" rating in a research report on Monday, December 2nd. Barclays lifted their price objective on Carnival Co. & from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Monday, December 23rd. The Goldman Sachs Group increased their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Wells Fargo & Company boosted their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Finally, Bank of America increased their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & currently has an average rating of "Moderate Buy" and a consensus target price of $27.18.

Carnival Co. & Trading Up 1.6 %

Shares of NYSE:CCL traded up $0.37 during midday trading on Wednesday, hitting $24.21. 18,526,352 shares of the stock were exchanged, compared to its average volume of 21,742,129. The business's 50-day moving average price is $24.97 and its 200 day moving average price is $20.30. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $27.17. 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 capitalization of $27.94 billion, a price-to-earnings ratio of 21.62 and a beta of 2.64.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) EPS. Analysts predict that Carnival Co. & will post 1.33 earnings per share for the current year.

Insider Buying and Selling at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the company'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 completion of the transaction, the director now directly 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 legal filing with the SEC, which is available at this hyperlink. Company insiders own 11.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Carnival Co. & in the 2nd quarter worth about $466,838,000. Marshall Wace LLP boosted its stake in Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company's stock valued at $193,398,000 after acquiring an additional 8,638,865 shares during the last quarter. Mizuho Securities USA LLC grew its position in shares of Carnival Co. & by 8,431.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company's stock valued at $122,781,000 after acquiring an additional 6,566,120 shares during the period. Renaissance Technologies LLC increased its stake in shares of Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company's stock worth $179,435,000 after purchasing an additional 2,911,100 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Carnival Co. & by 2,400.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company's stock worth $556,280,000 after purchasing an additional 2,889,785 shares during the period. Institutional investors own 67.19% of the company's stock.

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.