Carnival Co. & (NYSE:CCL) Stock Price Up 5.6% – Here’s What Happened

Carnival Co. & plc (NYSE:CCL) traded up 5.6% during trading on Tuesday . The stock traded as high as $26.58 and last traded at $27.12. 4,456,623 shares were traded during mid-day trading, a decline of 77% from the average session volume of 19,223,791 shares. The stock had previously closed at $25.68.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Truist Financial increased their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Tigress Financial raised their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Sanford C. Bernstein assumed coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target on the stock. Mizuho raised their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company upped their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.24.

Carnival Co. & Stock Up 0.8 %

The firm has a market cap of $32.31 billion, a P/E ratio of 20.14, a PEG ratio of 0.80 and a beta of 2.64. The company’s 50 day simple moving average is $25.41 and its 200-day simple moving average is $21.06. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Carnival Co. &’s revenue was up 10.0% compared to the same quarter last year. Research analysts forecast that Carnival Co. & plc will post 1.74 earnings per share for the current fiscal year.

Institutional Trading of Carnival Co. &

Large investors have recently made changes to their positions in the business. Hartford Investment Management Co. grew its stake in shares of Carnival Co. & by 0.6% during the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock valued at $1,601,000 after buying an additional 387 shares during the last quarter. Encompass Wealth Advisors LLC lifted its holdings in Carnival Co. & by 2.9% during the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after buying an additional 451 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its position in Carnival Co. & by 4.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after buying an additional 468 shares during the period. Wealthcare Advisory Partners LLC grew its stake in Carnival Co. & by 1.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock worth $1,224,000 after acquiring an additional 521 shares in the last quarter. Finally, Graypoint LLC boosted its holdings in shares of Carnival Co. & by 5.3% in the fourth quarter. Graypoint LLC now owns 11,074 shares of the company’s stock valued at $276,000 after purchasing an additional 560 shares during the period. 67.19% of the stock is currently owned by institutional investors.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.