Carnival Co. & plc (NYSE:CCL – Get Free Report)’s stock price dropped 5.2% during mid-day trading on Monday . The company traded as low as $25.35 and last traded at $25.41. Approximately 9,335,621 shares changed hands during trading, a decline of 67% from the average daily volume of 28,630,061 shares. The stock had previously closed at $26.80.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Barclays raised their price target on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Bank of America upped their price target on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Morgan Stanley boosted their target price on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, October 1st. Finally, Macquarie increased their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $26.85.
Carnival Co. & Stock Performance
The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The stock has a 50-day moving average price of $24.03 and a 200 day moving average price of $19.53. The company has a market cap of $29.70 billion, a price-to-earnings ratio of 22.97 and a beta of 2.67.
Carnival Co. & (NYSE:CCL – Get Free Report) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter last year, the company earned ($0.07) EPS. Carnival Co. &’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, analysts anticipate that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.
Insider Buying and Selling at Carnival Co. &
In other news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.00% of the company’s stock.
Institutional Investors Weigh In On Carnival Co. &
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of Carnival Co. & by 3.2% in the third quarter. Principal Financial Group Inc. now owns 1,161,417 shares of the company’s stock valued at $21,463,000 after acquiring an additional 35,745 shares during the period. Franklin Resources Inc. lifted its stake in shares of Carnival Co. & by 8.5% in the 3rd quarter. Franklin Resources Inc. now owns 58,985 shares of the company’s stock worth $1,192,000 after purchasing an additional 4,601 shares during the period. Synovus Financial Corp raised its stake in Carnival Co. & by 5.5% during the 3rd quarter. Synovus Financial Corp now owns 13,456 shares of the company’s stock worth $249,000 after acquiring an additional 700 shares during the period. Tidal Investments LLC raised its position in shares of Carnival Co. & by 2.9% during the third quarter. Tidal Investments LLC now owns 73,147 shares of the company’s stock valued at $1,352,000 after buying an additional 2,033 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Carnival Co. & in the third quarter valued at $87,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.
Carnival Co. & Company Profile
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.