Carnival (NYSE:CCL) had its target price raised by equities research analysts at Wells Fargo & Co from $77.00 to $80.00 in a report issued on Monday. The firm presently has an “outperform” rating on the stock. Wells Fargo & Co’s price target points to a potential upside of 14.96% from the stock’s current price.

Several other equities research analysts also recently weighed in on CCL. Morgan Stanley increased their price objective on Carnival from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. ValuEngine raised Carnival from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Credit Suisse Group increased their price objective on Carnival from $78.10 to $79.50 and gave the company an “outperform” rating in a report on Thursday, January 25th. Deutsche Bank increased their price objective on Carnival to $70.00 and gave the company a “hold” rating in a report on Wednesday, December 20th. Finally, Buckingham Research reissued a “buy” rating and issued a $84.00 price objective (up from $80.00) on shares of Carnival in a report on Wednesday, December 20th. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $73.82.

Shares of Carnival (NYSE:CCL) traded down $0.33 on Monday, reaching $69.59. The company had a trading volume of 1,769,205 shares, compared to its average volume of 3,325,902. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14. The firm has a market capitalization of $49,520.00, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 1.15 and a beta of 0.75. Carnival has a 52-week low of $54.75 and a 52-week high of $72.70.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.12. The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 earnings per share. equities research analysts predict that Carnival will post 4.28 EPS for the current fiscal year.

In other news, CEO Arnold W. Donald sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $65.57, for a total transaction of $327,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stein Kruse sold 60,665 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total value of $4,039,682.35. The disclosure for this sale can be found here. Insiders have sold 336,364 shares of company stock valued at $22,622,361 in the last 90 days. Company insiders own 23.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC purchased a new position in Carnival in the fourth quarter worth $123,000. Grove Bank & Trust raised its position in Carnival by 367.8% in the third quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after acquiring an additional 1,600 shares in the last quarter. Focused Wealth Management Inc purchased a new position in Carnival in the fourth quarter worth $133,000. Avestar Capital LLC purchased a new position in Carnival in the fourth quarter worth $148,000. Finally, Delpha Capital Management LLC purchased a new position in Carnival in the fourth quarter worth $173,000. Institutional investors and hedge funds own 75.07% of the company’s stock.

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Carnival Company Profile

Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.

Analyst Recommendations for Carnival (NYSE:CCL)

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