Analysts Set Carnival Co. & plc (NYSE:CCL) Price Target at $21.47

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

A number of research firms have commented on CCL. Tigress Financial raised their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research report on Monday, April 22nd. Susquehanna reduced their price target on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a research report on Monday, March 25th. Argus dropped their price objective on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. Finally, The Goldman Sachs Group began coverage on shares of Carnival Co. & in a research report on Wednesday, March 13th. They set a “buy” rating and a $20.00 price target for the company.

Insiders Place Their Bets

In related news, CFO David Bernstein sold 153,995 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the transaction, the chief financial officer now directly owns 181,981 shares of the company’s stock, valued at approximately $2,797,047.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Richardson Capital Management LLC purchased a new position in shares of Carnival Co. & during the first quarter worth about $26,000. Friedenthal Financial purchased a new stake in Carnival Co. & in the fourth quarter valued at approximately $28,000. Hanseatic Management Services Inc. purchased a new position in shares of Carnival Co. & during the third quarter worth approximately $30,000. ICA Group Wealth Management LLC acquired a new stake in Carnival Co. & during the 4th quarter worth approximately $31,000. Finally, BNP Paribas acquired a new stake in shares of Carnival Co. & in the first quarter worth $32,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Trading Down 0.1 %

Shares of NYSE CCL opened at $14.44 on Friday. The stock has a market capitalization of $16.21 billion, a P/E ratio of 55.54 and a beta of 2.53. Carnival Co. & has a 1-year low of $9.21 and a 1-year high of $19.74. The business’s 50 day moving average is $15.55 and its two-hundred day moving average is $15.58. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) 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 company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period last year, the company earned ($0.55) earnings per share. Carnival Co. &’s revenue was up 22.0% on a year-over-year basis. As a group, research analysts expect that Carnival Co. & will post 1.02 EPS for the current year.

Carnival Co. & Company Profile

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.