Morgan Stanley Forecasts Strong Price Appreciation for Carnival Co. & (NYSE:CCL) Stock

Carnival Co. & (NYSE:CCL) had its target price lifted by investment analysts at Morgan Stanley from $20.00 to $22.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Morgan Stanley’s target price points to a potential downside of 7.99% from the company’s previous close.

CCL has been the subject of a number of other reports. Mizuho upped their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Tigress Financial upped their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Barclays lifted their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Citigroup increased their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, The Goldman Sachs Group increased their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and an average target price of $27.18.

Carnival Co. & Price Performance

Shares of NYSE CCL traded up $0.07 during midday trading on Wednesday, reaching $23.91. 5,994,369 shares of the company traded hands, compared to its average volume of 19,119,418. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The firm has a market cap of $27.60 billion, a PE ratio of 21.35 and a beta of 2.64. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $27.17. The stock’s 50-day simple moving average is $24.93 and its 200-day simple moving average is $20.27.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter in the previous year, the business posted ($0.07) EPS. Carnival Co. &’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities analysts anticipate that Carnival Co. & will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

Institutional investors have recently added to or reduced their stakes in the business. Encompass Wealth Advisors LLC lifted its stake in shares of Carnival Co. & by 2.9% during the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after buying an additional 451 shares during the period. Metis Global Partners LLC increased its holdings in Carnival Co. & by 2.0% in the 3rd quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock worth $599,000 after buying an additional 621 shares during the period. PFG Investments LLC raised its position in Carnival Co. & by 2.8% during the 3rd quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock worth $437,000 after buying an additional 641 shares during the last quarter. Synovus Financial Corp lifted its stake in Carnival Co. & by 5.5% during the 3rd quarter. Synovus Financial Corp now owns 13,456 shares of the company’s stock valued at $249,000 after acquiring an additional 700 shares during the period. Finally, Fidelis Capital Partners LLC boosted its holdings in shares of Carnival Co. & by 6.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock valued at $232,000 after acquiring an additional 764 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

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.