Carnival Co. & (NYSE:CCL) Stock Price Up 1.4% – Here’s What Happened

Carnival Co. & plc (NYSE:CCL) shot up 1.4% on Friday . The company traded as high as $24.07 and last traded at $24.01. 4,644,043 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 29,744,439 shares. The stock had previously closed at $23.68.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CCL. Truist Financial lifted their price target on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Stifel Nicolaus upped their price target on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Morgan Stanley boosted their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 1st. Finally, Tigress Financial boosted their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.53.

Carnival Co. & Price Performance

The stock has a market capitalization of $27.78 billion, a price-to-earnings ratio of 21.44 and a beta of 2.66. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The company’s 50-day simple moving average is $19.18 and its 200-day simple moving average is $17.19.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the company earned $0.86 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. Research analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction 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 owns 65,789 shares in the company, valued at $1,428,937.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CCL. Ashton Thomas Securities LLC purchased a new stake in shares of Carnival Co. & during the 3rd quarter worth approximately $25,000. Family Firm Inc. bought a new position in Carnival Co. & in the 2nd quarter worth about $26,000. Hantz Financial Services Inc. bought a new stake in Carnival Co. & during the 2nd quarter worth approximately $30,000. Assetmark Inc. raised its position in shares of Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after buying an additional 1,546 shares in the last quarter. Finally, 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 acquiring an additional 1,205 shares during the last quarter. 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.