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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.
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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.
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