Carnival (NYSE:CCL)‘s stock had its “buy” rating reiterated by equities researchers at SunTrust Banks in a note issued to investors on Tuesday, The Fly reports. They presently have a $84.00 target price on the stock, up from their prior target price of $72.00. SunTrust Banks’ target price would indicate a potential upside of 23.29% from the company’s current price. The analysts noted that the move was a valuation call.

Other equities analysts have also issued research reports about the stock. Credit Suisse Group reissued a “neutral” rating on shares of Carnival in a report on Thursday, September 28th. Zacks Investment Research lowered shares of Carnival from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Deutsche Bank reaffirmed a “hold” rating and issued a $61.00 target price (down from $62.00) on shares of Carnival in a research note on Wednesday, September 27th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $79.00 target price (up from $74.00) on shares of Carnival in a research note on Wednesday, September 27th. Finally, Argus reaffirmed a “neutral” rating and issued a $67.00 target price (down from $78.00) on shares of Carnival in a research note on Thursday, September 28th. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $70.95.

Carnival (CCL) opened at $68.13 on Tuesday. Carnival has a fifty-two week low of $51.38 and a fifty-two week high of $69.89. The stock has a market cap of $35,686.68, a price-to-earnings ratio of 17.25, a PEG ratio of 1.19 and a beta of 0.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.21 and a quick ratio of 0.16.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. Carnival had a net margin of 15.53% and a return on equity of 12.15%. The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. sell-side analysts expect that Carnival will post 3.7 earnings per share for the current fiscal year.

In other Carnival news, CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $65.43, for a total transaction of $327,150.00. Following the sale, the chief executive officer now directly owns 115,572 shares of the company’s stock, valued at approximately $7,561,875.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 100,903 shares of company stock worth $6,782,771 over the last three months. Insiders own 23.80% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC lifted its position in Carnival by 14.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 811,948 shares of the company’s stock worth $52,427,000 after buying an additional 104,989 shares in the last quarter. AXA lifted its position in Carnival by 8.2% during the 3rd quarter. AXA now owns 183,604 shares of the company’s stock worth $11,855,000 after buying an additional 13,838 shares in the last quarter. GSA Capital Partners LLP lifted its position in Carnival by 40.8% during the 3rd quarter. GSA Capital Partners LLP now owns 7,504 shares of the company’s stock worth $485,000 after buying an additional 2,173 shares in the last quarter. IFM Investors Pty Ltd bought a new stake in Carnival during the 3rd quarter worth about $640,000. Finally, Yellowstone Partners LLC bought a new stake in Carnival during the 3rd quarter worth about $751,000. 75.90% of the stock is currently owned by hedge funds and other institutional investors.

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Carnival Company Profile

Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.

The Fly

Analyst Recommendations for Carnival (NYSE:CCL)

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