Carnival Co. & (NYSE:CCL) Price Target Raised to $30.00 at Citigroup

Carnival Co. & (NYSE:CCL) had its price objective lifted by Citigroup from $28.00 to $30.00 in a research report report published on Wednesday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

CCL has been the topic of several other reports. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Sanford C. Bernstein started coverage on 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. Morgan Stanley upped their target price on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, October 1st. Mizuho raised their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Tigress Financial upped their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.21.

Carnival Co. & Trading Down 1.1 %

Shares of NYSE CCL opened at $25.90 on Wednesday. Carnival Co. & has a 1-year low of $13.78 and a 1-year high of $27.17. The business has a fifty day moving average price of $23.42 and a 200 day moving average price of $19.14. The stock has a market capitalization of $29.89 billion, a P/E ratio of 23.13 and a beta of 2.67. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Equities research analysts expect that Carnival Co. & will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling at Carnival Co. &

In related 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 at this hyperlink. Company insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

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

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.