Carnival Co. & (NYSE:CCL) Given New $35.00 Price Target at Argus

Carnival Co. & (NYSE:CCL) had its target price raised by equities research analysts at Argus from $33.00 to $35.00 in a research note issued to investors on Friday, The Fly reports. The brokerage presently has a “buy” rating on the stock. Argus’ price target would indicate a potential upside of 17.33% from the company’s previous close.

CCL has been the subject of several other reports. Bank of America upgraded shares of Carnival Co. & from a “neutral” rating to a “buy” rating and set a $42.00 target price for the company in a report on Thursday, March 18th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on shares of Carnival Co. & in a research note on Thursday, April 1st. They set a “buy” rating and a $30.00 price target on the stock. Truist raised their target price on shares of Carnival Co. & from $14.00 to $16.00 in a research report on Monday, March 15th. The Goldman Sachs Group raised their target price on shares of Carnival Co. & from $21.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 21st. They noted that the move was a valuation call. Finally, Morgan Stanley raised their target price on shares of Carnival Co. & from $14.00 to $18.00 and gave the stock an “underweight” rating in a research report on Friday, April 23rd. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $25.47.

Shares of CCL opened at $29.83 on Friday. The company has a 50-day moving average of $28.03. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.45 and a quick ratio of 1.41. The stock has a market cap of $29.04 billion, a P/E ratio of -2.14 and a beta of 2.33. Carnival Co. & has a 52-week low of $12.11 and a 52-week high of $31.52.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Tuesday, April 6th. The company reported ($1.79) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.54) by ($0.25). Carnival Co. & had a negative net margin of 1,375.09% and a negative return on equity of 39.14%. The business had revenue of $26.00 million for the quarter, compared to analysts’ expectations of $108.00 million. As a group, equities analysts forecast that Carnival Co. & will post -5.48 EPS for the current fiscal year.

In other Carnival Co. & news, Director Randall J. Weisenburger sold 88,762 shares of the stock in a transaction on Wednesday, April 14th. The stock was sold at an average price of $28.07, for a total transaction of $2,491,549.34. Following the completion of the transaction, the director now directly owns 1,304,605 shares in the company, valued at $36,620,262.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Randall J. Weisenburger sold 100,000 shares of the 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 transaction, the director now owns 754,605 shares of the company’s stock, valued at $20,751,637.50. The disclosure for this sale can be found here. 13.30% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC grew its holdings in shares of Carnival Co. & by 4.7% during the first quarter. Advisory Services Network LLC now owns 102,887 shares of the company’s stock worth $2,731,000 after purchasing an additional 4,576 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of Carnival Co. & by 109.6% during the first quarter. Schroder Investment Management Group now owns 44,036 shares of the company’s stock worth $1,169,000 after purchasing an additional 23,031 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Carnival Co. & during the first quarter worth $343,000. Aspire Private Capital LLC bought a new position in Carnival Co. & in the first quarter valued at about $33,000. Finally, Optiver Holding B.V. bought a new position in Carnival Co. & in the first quarter valued at about $2,096,000. Institutional investors own 52.65% of the company’s stock.

About Carnival Co. &

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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