Carnival Co. & (NYSE:CCL) Trading Down 5.2% – Should You Sell?

by · The Markets Daily

Shares of Carnival Co. & plc (NYSE:CCL – Get Free Report) traded down 5.2% during trading on Monday . The company traded as low as $25.35 and last traded at $25.41. 9,335,621 shares were traded during trading, a decline of 67% from the average session volume of 28,630,061 shares. The stock had previously closed at $26.80.

Analysts Set New Price Targets

CCL has been the subject of a number of research analyst reports. Barclays upped their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday. Stifel Nicolaus increased their price target on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday. Tigress Financial upped their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. Finally, Macquarie lifted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $26.79.

Read Our Latest Analysis on CCL

Carnival Co. & Trading Down 4.6 %

The firm has a market capitalization of $29.50 billion, a P/E ratio of 22.82 and a beta of 2.67. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The company’s fifty day moving average is $24.03 and its 200-day moving average is $19.51.

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 (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter last year, the company posted ($0.07) earnings per share. Carnival Co. &’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the transaction, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 11.00% of the company’s stock.

Institutional Investors Weigh In On Carnival Co. &

Hedge funds have recently bought and sold shares of the company. State Street Corp grew its stake in Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after acquiring an additional 2,301,906 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Carnival Co. & during the 2nd quarter worth approximately $466,838,000. Geode Capital Management LLC raised its holdings in Carnival Co. & by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock worth $442,515,000 after buying an additional 811,692 shares during the period. Marshall Wace LLP boosted its holdings in shares of Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after buying an additional 8,638,865 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Carnival Co. & by 43.6% during the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after acquiring an additional 2,911,100 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

About Carnival Co. &

(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.

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