Carnival Co. & Plc (NYSE:CCL) – William Blair upped their FY2020 earnings estimates for Carnival Co. & in a research report issued on Monday, January 11th. William Blair analyst S. Zackfia now forecasts that the company will post earnings of ($7.09) per share for the year, up from their prior forecast of ($7.24). William Blair also issued estimates for Carnival Co. &’s Q4 2020 earnings at ($1.71) EPS, Q1 2021 earnings at ($1.68) EPS, Q2 2021 earnings at ($1.54) EPS, Q3 2021 earnings at ($0.86) EPS, Q4 2021 earnings at ($0.68) EPS and FY2021 earnings at ($4.77) EPS.

Other research analysts also recently issued reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Carnival Co. & from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Carnival Co. & from $13.00 to $16.00 and gave the company a “hold” rating in a research note on Tuesday. Wedbush restated a “neutral” rating on shares of Carnival Co. & in a research note on Friday, October 9th. Morgan Stanley upped their target price on shares of Carnival Co. & from $10.00 to $14.00 and gave the company an “underweight” rating in a research note on Friday, January 8th. Finally, BidaskClub downgraded shares of Carnival Co. & from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 9th. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $17.74.

Shares of CCL stock opened at $20.10 on Thursday. The company has a market capitalization of $14.48 billion, a PE ratio of -1.95 and a beta of 2.27. The firm has a fifty day simple moving average of $21.34 and a 200-day simple moving average of $16.97. 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 twelve month low of $7.80 and a twelve month high of $51.94.

Large investors have recently modified their holdings of the business. Captrust Financial Advisors acquired a new stake in shares of Carnival Co. & in the 2nd quarter worth about $230,000. Private Advisor Group LLC increased its holdings in shares of Carnival Co. & by 469.2% in the 2nd quarter. Private Advisor Group LLC now owns 67,677 shares of the company’s stock worth $633,000 after acquiring an additional 55,787 shares during the period. Cigna Investments Inc. New increased its holdings in shares of Carnival Co. & by 31.2% in the 2nd quarter. Cigna Investments Inc. New now owns 14,671 shares of the company’s stock worth $241,000 after acquiring an additional 3,487 shares during the period. Level Four Advisory Services LLC acquired a new stake in shares of Carnival Co. & in the 2nd quarter worth about $170,000. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Carnival Co. & by 19.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 490,755 shares of the company’s stock worth $8,017,000 after acquiring an additional 81,044 shares during the period. 55.19% of the stock is currently owned by institutional investors.

In other Carnival Co. & news, insider 1994 B. Shares Lp Ma sold 5,000,000 shares of the stock in a transaction on Monday, November 30th. The shares were sold at an average price of $20.58, for a total transaction of $102,900,000.00. Following the sale, the insider now directly owns 81,607,684 shares of the company’s stock, valued at $1,679,486,136.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.00% of the stock is currently owned by corporate insiders.

About Carnival Co. &

Carnival Corporation & Plc operates as a leisure travel company. The company's ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names.

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Earnings History and Estimates for Carnival Co. & (NYSE:CCL)

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