Carnival Co. & (NYSE:CCL) Price Target Cut to $20.00

Carnival Co. & (NYSE:CCLGet Free Report) had its price target reduced by equities research analysts at Argus from $23.00 to $20.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Argus’ target price suggests a potential upside of 29.28% from the stock’s previous close.

Several other analysts have also commented on the stock. The Goldman Sachs Group initiated coverage on shares of Carnival Co. & in a research report on Wednesday, March 13th. They issued a “buy” rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. boosted their price target on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Mizuho began coverage on shares of Carnival Co. & in a research report on Tuesday, March 26th. They issued a “buy” rating and a $21.00 price target on the stock. Citigroup boosted their price target on shares of Carnival Co. & from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Finally, William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.37.

Check Out Our Latest Analysis on Carnival Co. &

Carnival Co. & Trading Down 4.9 %

Shares of NYSE CCL opened at $15.47 on Monday. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. Carnival Co. & has a 52-week low of $8.70 and a 52-week high of $19.74. The firm has a 50 day moving average price of $15.99 and a two-hundred day moving average price of $15.36. The stock has a market cap of $17.36 billion, a P/E ratio of 59.50 and a beta of 2.54.

Carnival Co. & (NYSE:CCLGet Free Report) last posted its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.04. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The company had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same period in the prior year, the company posted ($0.55) earnings per share. Carnival Co. &’s revenue for the quarter was up 22.0% compared to the same quarter last year. As a group, equities analysts forecast that Carnival Co. & will post 0.98 EPS for the current year.

Insider Activity

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

Hedge Funds Weigh In On Carnival Co. &

Hedge funds and other institutional investors have recently bought and sold shares of the business. Friedenthal Financial purchased a new stake in Carnival Co. & in the 4th quarter worth approximately $28,000. Pacific Center for Financial Services purchased a new stake in Carnival Co. & in the 1st quarter worth approximately $29,000. Hanseatic Management Services Inc. purchased a new stake in Carnival Co. & in the 3rd quarter worth approximately $30,000. ICA Group Wealth Management LLC purchased a new position in shares of Carnival Co. & during the 4th quarter valued at approximately $31,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Carnival Co. & by 59.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,792 shares of the company’s stock valued at $34,000 after buying an additional 669 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

About Carnival Co. &

(Get Free Report)

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.

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