Stifel Nicolaus Boosts Carnival Co. & (NYSE:CCL) Price Target to $34.00

Carnival Co. & (NYSE:CCL) had its price objective hoisted by Stifel Nicolaus from $32.00 to $34.00 in a research report released on Monday, MarketBeat.com reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on the stock. Mizuho increased their target price 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. The Goldman Sachs Group raised their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Morgan Stanley boosted their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, October 1st. Sanford C. Bernstein assumed coverage on Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target for the company. Finally, Bank of America increased their price objective on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.85.

Carnival Co. & Stock Up 0.2 %

Carnival Co. & stock opened at $25.79 on Monday. 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 company has a market capitalization of $29.77 billion, a P/E ratio of 23.03 and a beta of 2.67. The firm has a 50 day moving average price of $24.23 and a 200-day moving average price of $19.66. Carnival Co. & has a twelve month low of $13.78 and a twelve month high of $27.17.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.94 billion. During the same period last year, the business posted ($0.07) earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities analysts predict that Carnival Co. & will post 1.33 EPS for the current year.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Carnival Co. &

Institutional investors and hedge funds have recently made changes to their positions in the business. Ashton Thomas Securities LLC purchased a new stake in Carnival Co. & during the third quarter valued at about $25,000. Hantz Financial Services Inc. purchased a new stake in Carnival Co. & during the 2nd quarter valued at about $30,000. Assetmark Inc. grew its position in Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after acquiring an additional 1,546 shares during the last quarter. CVA Family Office LLC increased its stake in Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after purchasing an additional 1,205 shares during the period. Finally, Morse Asset Management Inc bought a new stake in Carnival Co. & in the third quarter valued at approximately $46,000. 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.