Carnival Co. &’s (CCL) Outperform Rating Reaffirmed at William Blair

William Blair reissued their outperform rating on shares of Carnival Co. & (NYSE:CCL) in a research report report published on Monday morning, RTT News reports.

Other equities research analysts have also recently issued reports about the stock. Macquarie raised their price objective on shares of Carnival Co. & from $22.00 to $24.00 and gave the stock an outperform rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. raised their price objective on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock 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 set a buy rating and a $21.00 price objective for the company. Truist Financial raised their price objective on shares of Carnival Co. & from $15.00 to $18.00 and gave the stock a hold rating in a research report on Thursday, January 18th. Finally, Stifel Nicolaus dropped their price target on shares of Carnival Co. & from $26.00 to $25.00 and set a buy rating for the company in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $21.47.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $14.29 on Monday. The firm has a 50-day simple moving average of $15.59 and a 200-day simple moving average of $15.43. The stock has a market capitalization of $16.03 billion, a price-to-earnings ratio of 54.94 and a beta of 2.54. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. Carnival Co. & has a 52 week low of $8.70 and a 52 week high of $19.74.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The business 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 business earned ($0.55) earnings per share. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. On average, equities analysts predict that Carnival Co. & will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO David Bernstein sold 153,995 shares of the firm’s 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 completion of the transaction, the chief financial officer now owns 181,981 shares of the company’s stock, valued at $2,797,047.97. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Richardson Capital Management LLC purchased a new position in Carnival Co. & in the first quarter worth approximately $26,000. Friedenthal Financial purchased a new position in Carnival Co. & in the fourth quarter worth approximately $28,000. Hanseatic Management Services Inc. purchased a new position in Carnival Co. & in the third quarter worth approximately $30,000. ICA Group Wealth Management LLC purchased a new position in Carnival Co. & in the fourth quarter worth approximately $31,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Carnival Co. & by 67.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after acquiring an additional 739 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

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.