Carnival Co. & plc (NYSE:CCL – Get Free Report) shares dropped 2.2% on Thursday after Stifel Nicolaus lowered their price target on the stock from $26.00 to $25.00. Stifel Nicolaus currently has a buy rating on the stock. Carnival Co. & traded as low as $16.73 and last traded at $16.81. Approximately 6,753,433 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 31,947,682 shares. The stock had previously closed at $17.19.
Other equities research analysts have also recently issued research reports about the company. Citigroup upped their price target on Carnival Co. & from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. Susquehanna cut their price target on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a report on Monday. Wells Fargo & Company upgraded Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research report on Friday, January 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Carnival Co. & from $14.00 to $18.00 and gave the company a “hold” rating in a report on Friday, December 22nd. Finally, Truist Financial boosted their price objective on shares of Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.42.
Insider Buying and Selling at Carnival Co. &
In related news, CFO David Bernstein sold 153,995 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the transaction, the chief financial officer now directly owns 181,981 shares in the company, valued at approximately $2,797,047.97. The sale was disclosed in a document filed with the SEC, which is available through this link. 11.00% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Carnival Co. &
Hedge funds have recently made changes to their positions in the business. American Century Companies Inc. grew its position in Carnival Co. & by 13.3% in the 1st quarter. American Century Companies Inc. now owns 33,016 shares of the company’s stock valued at $667,000 after buying an additional 3,869 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Carnival Co. & by 7.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 108,222 shares of the company’s stock valued at $2,188,000 after acquiring an additional 7,248 shares during the period. Yousif Capital Management LLC increased its position in shares of Carnival Co. & by 3.4% during the 1st quarter. Yousif Capital Management LLC now owns 137,825 shares of the company’s stock valued at $2,787,000 after purchasing an additional 4,536 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Carnival Co. & by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,734,230 shares of the company’s stock worth $95,697,000 after purchasing an additional 93,169 shares during the last quarter. Finally, Aviva PLC raised its position in shares of Carnival Co. & by 25.5% during the first quarter. Aviva PLC now owns 152,741 shares of the company’s stock worth $3,088,000 after purchasing an additional 31,037 shares during the period. Institutional investors own 67.19% of the company’s stock.
Carnival Co. & Trading Down 4.9 %
The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 4.14. The stock has a market cap of $18.29 billion, a price-to-earnings ratio of -136.16 and a beta of 2.54. The company has a fifty day simple moving average of $16.04 and a 200-day simple moving average of $15.34.
Carnival Co. & (NYSE:CCL – Get Free Report) last announced its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.04. The business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.42 billion. Carnival Co. & had a positive return on equity of 0.02% and a negative net margin of 0.34%. Carnival Co. &’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period last year, the company earned ($0.55) earnings per share. On average, research analysts forecast that Carnival Co. & plc will post 0.99 earnings per share for the current fiscal year.
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.