Carnival Co. & (NYSE:CCL) had its target price upped by equities research analysts at Berenberg Bank from $14.00 to $20.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm currently has a “sell” rating on the stock. Berenberg Bank’s price target points to a potential downside of 26.85% from the company’s current price.
Other equities analysts have also issued reports about the stock. The Goldman Sachs Group raised their target price on shares of Carnival Co. & from $21.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Carnival Co. & from a “sell” rating to a “hold” rating and set a $28.00 price objective on the stock in a report on Monday, April 5th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of Carnival Co. & in a report on Thursday, April 1st. They set a “buy” rating and a $30.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of Carnival Co. & from $23.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, March 22nd. Finally, Bank of America upgraded shares of Carnival Co. & from a “neutral” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Thursday, March 18th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $25.10.
Shares of NYSE:CCL traded up $1.62 during midday trading on Wednesday, hitting $27.34. The company had a trading volume of 1,165,992 shares, compared to its average volume of 41,456,313. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.97. Carnival Co. & has a 12 month low of $11.00 and a 12 month high of $30.63. The firm has a fifty day simple moving average of $27.46 and a 200 day simple moving average of $21.34. The stock has a market cap of $26.62 billion, a price-to-earnings ratio of -2.66 and a beta of 2.27.
In other Carnival Co. & news, Director Randall J. Weisenburger sold 100,000 shares of the company’s stock in a transaction on Friday, April 16th. The stock was sold at an average price of $27.50, for a total value of $2,750,000.00. Following the sale, the director now owns 754,605 shares of the company’s stock, valued at $20,751,637.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter C. Anderson sold 4,184 shares of the stock in a transaction on Monday, February 8th. The shares were sold at an average price of $21.43, for a total value of $89,663.12. Following the sale, the insider now owns 71,684 shares in the company, valued at approximately $1,536,188.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 192,946 shares of company stock worth $5,331,212. Insiders own 24.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. ExodusPoint Capital Management LP acquired a new stake in shares of Carnival Co. & during the third quarter valued at about $162,000. Cubist Systematic Strategies LLC raised its stake in shares of Carnival Co. & by 21.8% during the third quarter. Cubist Systematic Strategies LLC now owns 52,588 shares of the company’s stock valued at $798,000 after purchasing an additional 9,412 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Carnival Co. & by 6.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 523,107 shares of the company’s stock worth $7,943,000 after buying an additional 32,352 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in Carnival Co. & by 8.1% during the third quarter. Kingsview Wealth Management LLC now owns 13,646 shares of the company’s stock worth $207,000 after buying an additional 1,019 shares in the last quarter. Finally, Jeppson Wealth Management LLC acquired a new stake in Carnival Co. & during the 3rd quarter worth about $95,000. 55.19% of the stock is currently owned by hedge funds and other institutional investors.
Carnival Co. & Company Profile
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 operates hotels, lodges, glass-domed railcars, and motor coaches.
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