Shares of Carnival Corporation (NYSE:CCL) have been given a consensus rating of “Buy” by the twenty-four ratings firms that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $73.88.

Several research firms recently issued reports on CCL. Stifel Nicolaus raised their price target on Carnival from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Susquehanna Bancshares raised their price target on Carnival from $75.00 to $76.00 and gave the stock a “positive” rating in a research report on Monday, September 25th. Zacks Investment Research upgraded Carnival from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Thursday, September 21st. Credit Suisse Group restated a “neutral” rating on shares of Carnival in a research report on Thursday, September 28th. Finally, Instinet restated a “buy” rating and set a $75.00 price target on shares of Carnival in a research report on Monday, October 2nd.

Carnival (NYSE CCL) opened at $69.69 on Monday. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.29. Carnival has a 1 year low of $52.65 and a 1 year high of $69.89. The stock has a market capitalization of $37,342.41, a P/E ratio of 19.41, a P/E/G ratio of 1.18 and a beta of 0.73.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.12. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the company earned $0.67 EPS. Carnival’s revenue for the quarter was up 8.2% compared to the same quarter last year. analysts predict that Carnival will post 4.24 earnings per share for the current year.

In other news, CEO Arnold W. Donald sold 3,000 shares of Carnival stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $68.00, for a total value of $204,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stein Kruse sold 60,665 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $66.59, for a total value of $4,039,682.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 263,642 shares of company stock worth $17,567,018. Corporate insiders own 23.80% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pathstone Family Office LLC lifted its stake in shares of Carnival by 200.0% in the 2nd quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock valued at $2,493,000 after purchasing an additional 38 shares during the period. Grove Bank & Trust lifted its stake in shares of Carnival by 367.8% in the 3rd quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock valued at $131,000 after purchasing an additional 1,600 shares during the period. Smithfield Trust Co. lifted its stake in shares of Carnival by 826.2% in the 3rd quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock valued at $182,000 after purchasing an additional 2,520 shares during the period. YorkBridge Wealth Partners LLC lifted its stake in shares of Carnival by 1.4% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock valued at $191,000 after purchasing an additional 40 shares during the period. Finally, Sun Life Financial INC lifted its stake in shares of Carnival by 23,315.4% in the 2nd quarter. Sun Life Financial INC now owns 3,044 shares of the company’s stock valued at $200,000 after purchasing an additional 3,031 shares during the period. Institutional investors own 75.91% of the company’s stock.

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About Carnival

Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.

Analyst Recommendations for Carnival (NYSE:CCL)

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