Carnival Co. & plc (NYSE:CCL) Receives $19.66 Consensus Price Target from Analysts

Carnival Co. & plc (NYSE:CCLGet Rating) has earned a consensus rating of “Hold” from the seventeen analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $18.25.

CCL has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Carnival Co. & from $21.00 to $13.00 and set an “underweight” rating for the company in a research report on Monday, June 27th. Deutsche Bank Aktiengesellschaft reduced their price target on Carnival Co. & from $24.00 to $14.00 and set a “hold” rating for the company in a research report on Tuesday, June 21st. Truist Financial reduced their price target on Carnival Co. & from $17.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, May 19th. Susquehanna Bancshares initiated coverage on Carnival Co. & in a research report on Thursday, June 9th. They issued a “neutral” rating and a $15.00 price target for the company. Finally, Susquehanna initiated coverage on Carnival Co. & in a research report on Thursday, June 9th. They issued a “neutral” rating and a $15.00 price target for the company.

CCL stock opened at $8.82 on Tuesday. Carnival Co. & has a fifty-two week low of $8.10 and a fifty-two week high of $27.39. The business’s 50-day moving average is $12.86 and its two-hundred day moving average is $17.57. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.64 and a quick ratio of 0.61.

Carnival Co. & (NYSE:CCLGet Rating) last posted its earnings results on Friday, June 24th. The company reported ($1.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.51). Carnival Co. & had a negative net margin of 156.75% and a negative return on equity of 67.51%. During the same period in the prior year, the company posted ($1.80) earnings per share. Equities research analysts forecast that Carnival Co. & will post -3.27 earnings per share for the current fiscal year.

In other news, Director Randall J. Weisenburger purchased 100,000 shares of the business’s stock in a transaction on Wednesday, May 25th. The stock was acquired at an average price of $11.76 per share, for a total transaction of $1,176,000.00. Following the acquisition, the director now directly owns 870,950 shares of the company’s stock, valued at approximately $10,242,372. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gemmer Asset Management LLC grew its holdings in Carnival Co. & by 150.7% during the 4th quarter. Gemmer Asset Management LLC now owns 1,331 shares of the company’s stock valued at $27,000 after buying an additional 800 shares in the last quarter. Mogy Joel R Investment Counsel Inc. bought a new stake in shares of Carnival Co. & in the 4th quarter valued at approximately $28,000. Private Capital Group LLC lifted its stake in shares of Carnival Co. & by 130.0% in the 1st quarter. Private Capital Group LLC now owns 1,520 shares of the company’s stock valued at $31,000 after purchasing an additional 859 shares during the last quarter. Sierra Capital LLC lifted its stake in shares of Carnival Co. & by 1,304.3% in the 1st quarter. Sierra Capital LLC now owns 1,615 shares of the company’s stock valued at $33,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Carnival Co. & by 150.1% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,876 shares of the company’s stock valued at $38,000 after purchasing an additional 1,126 shares during the last quarter. Institutional investors and hedge funds own 65.38% of the company’s stock.

About Carnival Co. & (Get Rating)

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 owns and operates hotels, lodges, glass-domed railcars, and motor coaches.

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

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