Carnival Co. & plc (NYSE:CCL) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Carnival Co. & plc (NYSE:CCL) have received an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $23.53.

A number of research firms recently commented on CCL. Morgan Stanley upped their price objective on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, October 1st. Mizuho upped their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Stifel Nicolaus increased their target price on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, September 20th. JPMorgan Chase & Co. upped their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Barclays upped their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st.

Carnival Co. & Price Performance

NYSE:CCL opened at $22.00 on Friday. Carnival Co. & has a 12 month low of $11.10 and a 12 month high of $23.05. The stock has a 50 day moving average of $18.71 and a two-hundred day moving average of $16.94. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The firm has a market cap of $25.39 billion, a P/E ratio of 19.64 and a beta of 2.69.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. On average, analysts expect that Carnival Co. & will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the sale, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Carnival Co. &

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Continuum Advisory LLC grew its position in Carnival Co. & by 22.1% in the 2nd quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock worth $65,000 after purchasing an additional 630 shares during the last quarter. PFG Investments LLC grew its position in shares of 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 period. Texas Permanent School Fund Corp grew its holdings in Carnival Co. & by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock valued at $3,379,000 after purchasing an additional 729 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Carnival Co. & by 2.9% during the second quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock valued at $490,000 after purchasing an additional 737 shares during the period. Finally, Fidelis Capital Partners LLC grew its holdings in Carnival Co. & by 6.6% during the second quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock valued at $232,000 after purchasing an additional 764 shares during the period. Hedge funds and other institutional investors 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.