Carnival Co. & (NYSE:CCL) Stock Rating Reaffirmed by William Blair

Carnival Co. & (NYSE:CCL)‘s stock had its “outperform” rating reissued by stock analysts at William Blair in a research report issued to clients and investors on Monday, RTT News reports. William Blair also issued estimates for Carnival Co. &’s FY2025 earnings at $1.62 EPS.

Several other equities analysts also recently commented on the company. Truist Financial upped their price objective on Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 18th. Susquehanna cut their price target on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a research note on Monday, March 25th. Tigress Financial upped their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Barclays lifted their target price on shares of Carnival Co. & from $24.00 to $25.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, Argus dropped their price target on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $21.47.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $14.79 on Monday. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27. The firm has a fifty day simple moving average of $15.58 and a two-hundred day simple moving average of $15.44. Carnival Co. & has a 12 month low of $8.70 and a 12 month high of $19.74. The firm has a market capitalization of $16.60 billion, a PE ratio of 56.88 and a beta of 2.54.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 7.75% and a net margin of 1.79%. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.55) earnings per share. Analysts forecast that Carnival Co. & will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO David Bernstein sold 153,995 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the sale, the chief financial officer now 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 is accessible through this hyperlink. 11.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Wealthfront Advisers LLC boosted its holdings in shares of Carnival Co. & by 447.6% in the third quarter. Wealthfront Advisers LLC now owns 215,672 shares of the company’s stock worth $2,959,000 after buying an additional 176,286 shares during the last quarter. Bellwether Advisors LLC bought a new stake in shares of Carnival Co. & during the 4th quarter valued at $1,368,000. Patton Fund Management Inc. lifted its stake in shares of Carnival Co. & by 981.9% during the 3rd quarter. Patton Fund Management Inc. now owns 109,133 shares of the company’s stock valued at $1,497,000 after buying an additional 99,046 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Carnival Co. & by 126.1% in the 4th quarter. Nordea Investment Management AB now owns 740,750 shares of the company’s stock worth $13,782,000 after buying an additional 413,082 shares during the period. Finally, Blackstone Inc. increased its stake in Carnival Co. & by 50.8% in the 3rd quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock worth $41,160,000 after buying an additional 1,010,000 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

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.