Carnival Co. & (NYSE:CCL) Hits New 52-Week High After Analyst Upgrade

Shares of Carnival Co. & plc (NYSE:CCL) reached a new 52-week high during mid-day trading on Monday after Truist Financial raised their price target on the stock from $20.00 to $29.00. Truist Financial currently has a hold rating on the stock. Carnival Co. & traded as high as $26.52 and last traded at $26.41, with a volume of 3789204 shares trading hands. The stock had previously closed at $25.43.

Other research analysts have also issued reports about the company. Tigress Financial upped their price target on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Mizuho upped their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Macquarie boosted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, Citigroup lifted their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.44.

Insider Buying and Selling at Carnival Co. &

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 transaction of $380,100.00. Following the sale, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CCL. Ashton Thomas Securities LLC bought a new position in Carnival Co. & in the 3rd quarter valued at $25,000. Family Firm Inc. bought a new stake in shares of Carnival Co. & during the second quarter worth $26,000. Hantz Financial Services Inc. acquired a new stake in shares of Carnival Co. & in the second quarter valued at $30,000. Assetmark Inc. raised its holdings in shares of Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after buying an additional 1,546 shares during the last quarter. Finally, CVA Family Office LLC lifted its position in Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after buying an additional 1,205 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Trading Up 3.9 %

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 has a market cap of $30.48 billion, a P/E ratio of 22.91 and a beta of 2.66. The business’s fifty day simple moving average is $21.84 and its 200 day simple moving average is $18.43.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The company had revenue of $7.90 billion for 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 quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 earnings per share. As a group, analysts expect that Carnival Co. & plc 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.