Carnival Co. &’s (CCL) “Outperform” Rating Reiterated at William Blair

William Blair reaffirmed their outperform rating on shares of Carnival Co. & (NYSE:CCL) in a research note published on Monday, RTT News reports. William Blair also issued estimates for Carnival Co. &’s Q4 2024 earnings at $0.04 EPS, FY2024 earnings at $0.98 EPS, FY2025 earnings at $1.62 EPS and FY2026 earnings at $1.86 EPS.

A number of other equities research analysts also recently commented on the company. Barclays lifted their target price on Carnival Co. & from $24.00 to $25.00 and gave the company an overweight rating in a research report on Thursday, March 28th. Stifel Nicolaus reduced their target price on Carnival Co. & from $26.00 to $25.00 and set a buy rating on the stock in a research report on Thursday, March 28th. Truist Financial boosted their price objective on Carnival Co. & from $15.00 to $18.00 and gave the company a hold rating in a report on Thursday, January 18th. Argus cut their price objective on Carnival Co. & from $23.00 to $20.00 and set a buy rating on the stock in a report on Monday, April 1st. Finally, Macquarie upped their price target on Carnival Co. & from $22.00 to $24.00 and gave the stock an outperform rating in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $21.47.

Carnival Co. & Stock Performance

NYSE CCL opened at $15.01 on Monday. The stock’s fifty day moving average is $15.58 and its two-hundred day moving average is $15.44. The firm has a market capitalization of $16.85 billion, a P/E ratio of 57.73 and a beta of 2.54. 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 fifty-two week low of $8.70 and a fifty-two week high of $19.74.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The company had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the previous year, the business earned ($0.55) earnings per share. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, research analysts anticipate that Carnival Co. & will post 1.01 earnings per share for the current year.

Insider Activity at Carnival Co. &

In related news, CFO David Bernstein sold 153,995 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $15.37, for a total value of $2,366,903.15. Following the completion of the sale, 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 SEC, which can be accessed through the SEC website. Insiders own 11.00% of the company’s stock.

Institutional Trading of Carnival Co. &

A number of large investors have recently made changes to their positions in the company. U S Global Investors Inc. boosted its position in shares of Carnival Co. & by 33.2% in the 1st quarter. U S Global Investors Inc. now owns 60,200 shares of the company’s stock valued at $984,000 after purchasing an additional 15,000 shares during the period. Simplicity Wealth LLC acquired a new stake in shares of Carnival Co. & in the 1st quarter valued at about $218,000. Fifth Third Bancorp raised its stake in Carnival Co. & by 7.0% during the 1st quarter. Fifth Third Bancorp now owns 54,720 shares of the company’s stock valued at $894,000 after acquiring an additional 3,563 shares during the last quarter. Wesbanco Bank Inc. purchased a new stake in Carnival Co. & during the 1st quarter valued at approximately $951,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Carnival Co. & by 1.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 373,594 shares of the company’s stock valued at $6,105,000 after acquiring an additional 4,027 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

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.