Carnival Co. & plc (NYSE:CCL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Carnival Co. & plc (NYSE:CCL) have received an average recommendation of “Moderate Buy” from the twenty ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $21.47.

Several equities analysts have recently commented on the company. Barclays raised their price target on Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. The Goldman Sachs Group assumed coverage on Carnival Co. & in a research note on Wednesday, March 13th. They set a “buy” rating and a $20.00 price target on the stock. Wells Fargo & Company upgraded Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a research note on Friday, January 5th. Truist Financial raised their price target on Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 18th. Finally, Macquarie raised their price target on Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th.

Insiders Place Their Bets

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $15.37, for a total value of $2,366,903.15. Following the completion of the sale, the chief financial officer now owns 181,981 shares of the company’s stock, valued at $2,797,047.97. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

Several institutional investors have recently added to or reduced their stakes in CCL. Point72 Asset Management L.P. boosted its holdings in Carnival Co. & by 210.1% in the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock worth $72,200,000 after acquiring an additional 2,638,564 shares in the last quarter. Norges Bank acquired a new stake in shares of Carnival Co. & during the fourth quarter worth about $40,236,000. Deutsche Bank AG lifted its holdings in shares of Carnival Co. & by 117.5% during the third quarter. Deutsche Bank AG now owns 3,498,569 shares of the company’s stock worth $48,000,000 after purchasing an additional 1,890,081 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Carnival Co. & by 1,589.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,789,351 shares of the company’s stock worth $331,750,000 after purchasing an additional 1,683,434 shares during the period. Finally, Blackstone Inc. lifted its holdings in shares of Carnival Co. & by 50.8% during the third quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock worth $41,160,000 after purchasing an additional 1,010,000 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

CCL stock opened at $14.46 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. The business’s fifty day simple moving average is $15.57 and its two-hundred day simple moving average is $15.51. Carnival Co. & has a twelve month low of $9.21 and a twelve month high of $19.74. The firm has a market cap of $16.23 billion, a price-to-earnings ratio of 55.62 and a beta of 2.53.

Carnival Co. & (NYSE:CCL) last released its earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the firm posted ($0.55) earnings per share. The business’s revenue was up 22.0% compared to the same quarter last year. Analysts predict that Carnival Co. & will post 1.02 earnings per share 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.