Brokerages Set Carnival Co. & plc (NYSE:CCL) PT at $21.47

Shares of Carnival Co. & plc (NYSE:CCL - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seventeen have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $21.47.

A number of brokerages have recently commented on CCL. Wells Fargo & Company raised Carnival Co. & from an "equal weight" rating to an "overweight" rating and set a $22.00 price objective on the stock in a report on Friday, January 5th. The Goldman Sachs Group started coverage on shares of Carnival Co. & in a report on Wednesday, March 13th. They issued a "buy" rating and a $20.00 price target for the company. Mizuho initiated coverage on Carnival Co. & in a research report on Tuesday, March 26th. They issued a "buy" rating and a $21.00 price objective for the company. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a research note on Monday, April 22nd. Finally, Macquarie raised their target price on Carnival Co. & from $22.00 to $24.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th.

Carnival Co. & Stock Down 0.1 %

Shares of NYSE CCL traded down $0.01 during trading hours on Friday, hitting $14.45. The stock had a trading volume of 23,548,012 shares, compared to its average volume of 31,265,697. The company has a market capitalization of $16.22 billion, a P/E ratio of 55.54 and a beta of 2.53. The firm's 50-day moving average price is $15.57 and its two-hundred day moving average price is $15.51. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. Carnival Co. & has a 52 week low of $9.21 and a 52 week high of $19.74.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.04. The company had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. Carnival Co. &'s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.55) EPS. Analysts anticipate that Carnival Co. & will post 1.02 EPS for the current fiscal year.

Insider Activity

In related news, CFO David Bernstein sold 153,995 shares of the business's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.37, for a total value of $2,366,903.15. Following the transaction, the chief financial officer now directly owns 181,981 shares of the company's stock, valued at approximately $2,797,047.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.00% of the company's stock.

Institutional Investors Weigh In On Carnival Co. &

Hedge funds have recently modified their holdings of the stock. Richardson Capital Management LLC bought a new position in shares of Carnival Co. & during the 1st quarter worth $26,000. Friedenthal Financial bought a new stake in shares of Carnival Co. & in the fourth quarter valued at approximately $28,000. Hanseatic Management Services Inc. bought a new stake in Carnival Co. & in the 3rd quarter worth approximately $30,000. ICA Group Wealth Management LLC bought a new stake in Carnival Co. & during the 4th quarter valued at about $31,000. Finally, BNP Paribas bought a new position in Carnival Co. & in the 1st quarter worth about $32,000. Institutional investors own 67.19% of the company's stock.

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.