World news – Citigroup initiates coverage of Carnival Co. & (NYSE: CCL)


Sign up for MarketBeat All Access to get access to all of MarketBeat’s research tools:

Citigroup’s investment analysts reported on stocks in a research report published for clients and investors on Thursday of Carnival Co. & (NYSE: CCL), The Fly reports. The company set a buy rating and a target price of $ 30.00 on the stock. Citigroup’s price target would mean a potential 11.90% gain over the share’s last closing price.

Several other analysts have also released reports on CCL. Macquarie upgraded Carnival Co. & from a « neutral » rating to an « above average » rating in a research note on Monday, March 8th. Truist raised his price target on shares of Carnival Co. & on Monday, March 15, in a research note from USD 14.00 to USD 16.00. JPMorgan Chase & Co. raised its price target on shares of Carnival Co. & from USD 23.00 to USD 33.00 and rated the company as « neutral » in a research report on Monday, March 22nd. Morgan Stanley raised its price target on shares of Carnival Co. & from USD 10.00 to USD 14.00 and rated the company as underweight in a research report on Friday, January 8th. Finally, in a report on Wednesday March 24th, UBS Group upgraded the shares of Carnival Co. & from a « neutral » rating to a « buy » rating and raised its price target for the company from $ 20.00 to 42, 00 USD. Seven analysts have given the stock a sell rating, eight with a hold rating and eight with a buy rating. The company currently has an average « Hold » rating and an average price target of $ 21.38. Carnival Co. & stock traded at $ 0.27 on Thursday to hit $ 26.81. 642,308 shares of the company were traded compared to an average volume of 43,241,785. The company has a market cap of $ 25.00 billion, a PE ratio of -2.61, and a beta of 2.27. The company has a 50-day moving average price of $ 25.81 and a 200-day moving average price of $ 20.11. The company has a leverage ratio of 0.97, a current of 0.91, and a fast of 0.88. Carnival Co. & has a 1 year low of $ 7.80 and a 1 year high of $ 30.12. (adsbygoogle = window.adsbygoogle || []). push ({});

Carnival Co. & (NYSE: CCL) last announced its quarterly results on Monday, January 25th. The company reported earnings per share for the quarter of $ 2.02, missing Zacks’ consensus estimate of $ 1.92 by $ 0.10. The company posted revenue of $ 34.00 million for the quarter, compared to the consensus estimate of $ 96.89 million. Carnival Co. & had a negative net margin of 73.40% and a negative return on equity of 15.57%. Analysts from stock studies expect Carnival Co. & to achieve earnings per share of -7.36 for the current year.

In related news, CFO David Bernstein sold 24,296 shares in the company in a transaction that occurred on Wednesday, January 20. The shares were sold at an average price of $ 20.98 for a total value of $ 509,730.08. Following the transaction, the CFO now directly owns 176,212 shares in the company valued at $ 3,696,927.76. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC website. Insider Peter C. Anderson also sold 4,184 shares in the company on Monday, February 8th. The stock was sold at an average price of $ 21.43 for a total transaction of $ 89,663.12. Upon completion of the transaction, the Insider now holds 71,684 shares in the company valued at $ 1,536,188.12. The disclosure for this sale can be found here. Corporate insiders own 24.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently changed their holdings. Prestige Wealth Management Group LLC increased its stake in Carnival Co. & by 108.8% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,119 shares of the company valued at $ 25,000 after purchasing an additional 583 shares last quarter. SRS Capital Advisors Inc. acquired a new position in Carnival Co. & shares valued at approximately $ 26,000 in the fourth quarter. Winslow Evans & Crocker Inc. increased its stake in Carnival Co. & by 255.1% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,225 shares of the company, valued at $ 27,000, after purchasing an additional 880 shares last quarter. Bogart Wealth LLC increased its stake in Carnival Co. & by 490.7% in the fourth quarter. Bogart Wealth LLC now owns 1,329 shares in the company valued at $ 28,000 after purchasing an additional 1,104 shares during the period. Eventually, North Star Investment Management Corp. increased its stake in Carnival Co. & by 51.1% in the fourth quarter. North Star Investment Management Corp. now owns 1,511 shares in the company valued at $ 33,000 after purchasing an additional 511 shares during the period. Institutional investors and hedge funds own 55.19% of the company’s stock.

Carnival Corporation & plc is a vacation travel company. The ships visit approximately 700 ports under the brand names Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard. The company also provides port destinations and other services, and owns and operates hotels, lodges, glass domed railcars, and coaches.

This instant message alert was generated through narrative science technology and financial data from MarketBeat to give readers the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]

Despite their disagreements (real or imaginary) about almost anything Democrats and Republicans love infrastructure projects. These are easy wins for the leaders of Congress seeking re-election. And they usually encourage job creation, which contributes to economic growth.

With this in mind, it is ironic that the US Congress has not passed an infrastructure bill in the past four years.

Despite (and possibly because of) the stalemate expected in the country’s future, infrastructure seems to be at the forefront again. The economic recovery is far from over. Unfortunately, there are also no American roads, energy networks, telecommunications systems and the like. This means that it would be good policy for a Biden administration to check an infrastructure bill.

Biden will be under pressure to support the $ 1.5 trillion infrastructure package that the democratically controlled House of Representatives passed in July. However, the package may need some adjustment as it currently contains climate change initiatives that have prevented the Senate bill from advancing.

However, it seems that the economy is going to need some significant juice after everything this winter brings on the virus. And if calmer minds prevail (we can always hope), there may be a major infrastructure bill to encourage job creation. And we’ve identified seven stocks to watch out for if this happens.

Fill out the form below to receive the latest headlines and analyst recommendations for your stocks with our free daily email newsletter:

Sign up to MarketBeat All Access to access the full Get Research Tools from MarketBeat:

View the latest news, buy / sell ratings, SEC filings, and insider deals for your stocks. Compare your portfolio performance against leading indices and get personalized stock ideas based on your portfolio.

Get stock ideas daily with the best Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. See what stocks are up to date on social media with MarketBeat’s Trending Stock Report.

Identify stocks that match your criteria using seven unique stock screeners. See what’s happening in the market with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.

MarketBeat All Access subscribers can access Stock Screener, the Idea Engine, data export tools, research reports, and other premium tools.

Looking for new stock ideas? Would you like to see which stocks are moving? View our full range of financial calendars and market data tables for free.

Receive free world class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

MarketBeat enables individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, company buybacks, dividends, earnings, business reports, financial data, insider trading, IPOs, SEC filings, or stock splits, MarketBeat has the objective information you need to analyze stocks. Learn more.

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St # 105, Sioux Falls, SD 57103 | [Email protected] | (844) 978-6257
MarketBeat does not provide financial advice and does not make recommendations or offers to buy stocks or sell any securities. Learn more.
Our statement on accessibility
Don’t sell my information

© 2021 The market data provided will be delayed by at least 10 minutes and hosted by Barchart Solutions. The information is provided « as is » for informational, not commercial or advisory purposes only and is delayed. Please refer to the disclaimer for all delays and terms of use for exchanges. Basic company data from Zacks Investment Research. As a bonus for subscribing to our e-mail newsletters, you will also receive a free subscription to the Liberty Through Wealth e-newsletter. You can unsubscribe at any time.

Enter your email address below to receive a quick daily summary of upgrades, downgrades, and new coverage from Analysts with’s FREE daily email newsletter.


Donnez votre avis et abonnez-vous pour plus d’infos

Vidéo du jour: