Barclays Issues Positive Forecast for Carnival Co. & (NYSE:CCL) Stock Price

Carnival Co. & (NYSE:CCL) had its target price lifted by equities researchers at Barclays from $26.00 to $31.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 19.14% from the stock’s previous close.

A number of other research firms have also recently commented on CCL. Mizuho increased their price target on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Sanford C. Bernstein started coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target for the company. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Macquarie boosted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, Bank of America increased their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.21.

Carnival Co. & Trading Down 0.6 %

NYSE:CCL traded down $0.16 during midday trading on Friday, hitting $26.02. The stock had a trading volume of 3,133,203 shares, compared to its average volume of 28,700,627. The company has a market capitalization of $30.03 billion, a price-to-earnings ratio of 23.23 and a beta of 2.67. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. The stock has a 50-day moving average of $23.27 and a 200 day moving average of $19.06. Carnival Co. & has a one year low of $13.78 and a one year high of $27.17.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The firm had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. Carnival Co. &’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 EPS. As a group, sell-side analysts forecast that Carnival Co. & will post 1.33 EPS for the current year.

Insiders Place Their Bets

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

Several large investors have recently modified their holdings of the stock. State Street Corp increased its position in shares of Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after buying an additional 2,301,906 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Carnival Co. & during the second quarter worth about $466,838,000. Geode Capital Management LLC lifted its holdings in shares of Carnival Co. & by 3.5% in the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock valued at $442,515,000 after purchasing an additional 811,692 shares in the last quarter. Marshall Wace LLP increased its stake in Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after purchasing an additional 8,638,865 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Carnival Co. & by 43.6% during the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after buying an additional 2,911,100 shares during the period. 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.