Carnival Co. & (NYSE:CCL) PT Raised to $35.00

Carnival Co. & (NYSE:CCL) had its price objective lifted by investment analysts at Argus from $33.00 to $35.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Argus’ price objective would indicate a potential upside of 17.33% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley raised their target price on shares of Carnival Co. & from $14.00 to $18.00 and gave the stock an “underweight” rating in a report on Friday, April 23rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on shares of Carnival Co. & in a report on Thursday, April 1st. They set a “buy” rating and a $30.00 target price for the company. Citigroup started coverage on shares of Carnival Co. & in a report on Thursday, April 1st. They issued a “buy” rating and a $30.00 price objective for the company. Stifel Nicolaus lifted their price objective on shares of Carnival Co. & from $35.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, May 12th. Finally, Credit Suisse Group raised shares of Carnival Co. & from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $18.00 to $40.00 in a report on Friday, April 9th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.47.

NYSE CCL opened at $29.83 on Friday. The business has a fifty day moving average of $28.03. The stock has a market capitalization of $29.04 billion, a PE ratio of -2.14 and a beta of 2.33. Carnival Co. & has a 12-month low of $12.11 and a 12-month high of $31.52. The company has a current ratio of 1.45, a quick ratio of 1.41 and a debt-to-equity ratio of 1.34.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Tuesday, April 6th. The company reported ($1.79) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.54) by ($0.25). Carnival Co. & had a negative return on equity of 39.14% and a negative net margin of 1,375.09%. The business had revenue of $26.00 million for the quarter, compared to analysts’ expectations of $108.00 million. On average, sell-side analysts forecast that Carnival Co. & will post -5.48 earnings per share for the current year.

In related news, Director Randall J. Weisenburger sold 88,762 shares of the company’s stock in a transaction that occurred on Wednesday, April 14th. The shares were sold at an average price of $28.07, for a total transaction of $2,491,549.34. Following the sale, the director now directly owns 1,304,605 shares of the company’s stock, valued at approximately $36,620,262.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Randall J. Weisenburger sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, April 16th. The stock was sold at an average price of $27.50, for a total transaction of $2,750,000.00. Following the sale, the director now directly owns 754,605 shares in the company, valued at $20,751,637.50. The disclosure for this sale can be found here. 13.30% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in CCL. Prestige Wealth Management Group LLC increased its stake in Carnival Co. & by 108.8% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,119 shares of the company’s stock worth $25,000 after buying an additional 583 shares during the period. Certified Advisory Corp purchased a new stake in Carnival Co. & during the 1st quarter worth approximately $26,000. Winslow Evans & Crocker Inc. increased its stake in Carnival Co. & by 255.1% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,225 shares of the company’s stock worth $27,000 after buying an additional 880 shares during the period. Independence Bank of Kentucky increased its stake in Carnival Co. & by 4,166.7% during the 1st quarter. Independence Bank of Kentucky now owns 1,024 shares of the company’s stock worth $27,000 after buying an additional 1,000 shares during the period. Finally, Hexagon Capital Partners LLC increased its stake in Carnival Co. & by 92.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,038 shares of the company’s stock worth $27,000 after buying an additional 500 shares during the period. 52.65% of the stock is currently owned by hedge funds and other institutional investors.

About Carnival Co. &

Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.

Featured Article: Dividend Kings

The Fly logo

Analyst Recommendations for Carnival Co. & (NYSE:CCL)

Receive News & Ratings for Carnival Co. & Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival Co. & and related companies with MarketBeat.com's FREE daily email newsletter.