Carnival Co. & (NYSE:CCL) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Carnival Co. & (NYSE:CCL) had its price objective boosted by stock analysts at Wells Fargo & Company from $25.00 to $30.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 14.55% from the company’s current price.

CCL has been the subject of a number of other reports. Tigress Financial lifted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Macquarie increased their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Morgan Stanley boosted their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, October 1st. Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price on the stock. Finally, Stifel Nicolaus lifted their price objective on shares of Carnival Co. & from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.62.

Carnival Co. & Stock Performance

NYSE CCL opened at $26.19 on Monday. The company has a market capitalization of $30.23 billion, a price-to-earnings ratio of 23.38 and a beta of 2.67. Carnival Co. & has a twelve month low of $13.78 and a twelve month high of $27.17. The stock has a fifty day simple moving average of $23.42 and a 200 day simple moving average of $19.19. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10.

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

Insider Transactions at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’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 completion of the transaction, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.00% of the company’s stock.

Institutional Trading of Carnival Co. &

A number of large investors have recently modified their holdings of the business. Franklin Resources Inc. raised its stake in Carnival Co. & by 8.5% in the third quarter. Franklin Resources Inc. now owns 58,985 shares of the company’s stock valued at $1,192,000 after purchasing an additional 4,601 shares in the last quarter. Synovus Financial Corp lifted its stake in Carnival Co. & by 5.5% during the third quarter. Synovus Financial Corp now owns 13,456 shares of the company’s stock worth $249,000 after purchasing an additional 700 shares during the last quarter. Tidal Investments LLC increased its position in shares of Carnival Co. & by 2.9% during the 3rd quarter. Tidal Investments LLC now owns 73,147 shares of the company’s stock valued at $1,352,000 after purchasing an additional 2,033 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Carnival Co. & during the 3rd quarter valued at about $87,000. Finally, World Investment Advisors LLC purchased a new stake in shares of Carnival Co. & in the 3rd quarter valued at $252,000. 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.