Carnival Co. & (NYSE:CCL) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Carnival Co. & (NYSE:CCL - Get Free Report) had its price objective increased by analysts at Wells Fargo & Company from $25.00 to $30.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective would suggest a potential upside of 15.81% from the company's previous close.

Several other analysts have also recently weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Stifel Nicolaus increased their price target on shares of Carnival Co. & from $27.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Bank of America lifted their price objective on Carnival Co. & from $24.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Barclays lifted their price target on Carnival Co. & from $26.00 to $31.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Citigroup increased their price objective on Carnival Co. & from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.62.

Carnival Co. & Trading Up 0.0 %

CCL stock traded up $0.01 during trading on Monday, hitting $25.91. 15,691,931 shares of the company traded hands, compared to its average volume of 28,692,605. The company has a 50-day moving average of $23.42 and a 200-day moving average of $19.19. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $27.17. The firm has a market capitalization of $29.90 billion, a PE ratio of 23.38 and a beta of 2.67.

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

Insiders Place Their Bets

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 stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the sale, the director now owns 65,789 shares of the company's stock, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Carnival Co. &

A number of hedge funds have recently made changes to their positions in CCL. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Carnival Co. & by 72.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company's stock worth $53,052,000 after buying 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 approximately $1,140,000. Commonwealth Equity Services LLC lifted its position 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 worth $75,310,000 after buying an additional 39,491 shares during the last quarter. Wedge Capital Management L L P NC increased its position in Carnival Co. & by 10.1% during the third quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company's stock valued at $4,892,000 after acquiring an additional 24,198 shares during the last quarter. Finally, Cerity Partners LLC raised its stake 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 valued at $2,288,000 after acquiring an additional 79,857 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.