Carnival Co. & (NYSE:CCL) PT Lowered to $22.00

Carnival Co. & (NYSE:CCLGet Free Report) had its target price dropped by equities research analysts at Susquehanna from $23.00 to $22.00 in a report released on Monday, Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s target price would indicate a potential upside of 29.11% from the company’s current price.

Several other research firms have also commented on CCL. Macquarie raised their price target on shares of Carnival Co. & from $16.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, December 29th. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research report on Tuesday, March 19th. Stifel Nicolaus raised their price target on shares of Carnival Co. & from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Citigroup raised their price target on shares of Carnival Co. & from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Finally, Truist Financial raised their price target on shares of Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.85.

Check Out Our Latest Research Report on CCL

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $17.04 on Monday. The company has a market capitalization of $19.08 billion, a PE ratio of -141.99 and a beta of 2.54. The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.41 and a current ratio of 0.46. The company’s fifty day moving average price is $16.03 and its 200 day moving average price is $15.32. Carnival Co. & has a 1 year low of $8.68 and a 1 year high of $19.74.

Insider Transactions at Carnival Co. &

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 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 $2,797,047.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 11.00% of the company’s stock.

Hedge Funds Weigh In On Carnival Co. &

A number of institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in Carnival Co. & by 7.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 176,147 shares of the company’s stock worth $3,266,000 after purchasing an additional 12,017 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in Carnival Co. & by 6.7% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 18,559 shares of the company’s stock worth $344,000 after purchasing an additional 1,162 shares during the period. Vanguard Group Inc. raised its stake in Carnival Co. & by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock worth $2,098,055,000 after purchasing an additional 559,038 shares during the period. ICA Group Wealth Management LLC purchased a new position in Carnival Co. & during the fourth quarter worth about $31,000. Finally, Royal London Asset Management Ltd. raised its stake in Carnival Co. & by 6.9% during the fourth quarter. Royal London Asset Management Ltd. now owns 344,773 shares of the company’s stock worth $6,392,000 after purchasing an additional 22,328 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Company Profile

(Get Free Report)

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.

Further Reading

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

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