Carnival (LON:CCL) Rating Reaffirmed
Natixis now has a GBX 4200 target price per share on the 28.18 billion GBP market cap company or 12.90% upside potential. In a recent research report shared with investors and clients on Monday, 21 December, Carnival (LON:CCL) shares have had their “Buy” Rating reaffirmed by equity analysts at Natixis.
From a total of 11 analysts covering Carnival PLC (LON:CCL) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is GBX 67.5 while the lowest target price is GBX 36.06. The mean of all analyst targets is GBX 54.16 with a -9.08% below today’s (GBX 3714.9) stock price. Carnival PLC was the topic of 23 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Natixis maintained shares on December 21 with “Buy” rating. Credit Suisse maintained shares with “Outperform” rating and GBX 3756 target share price in a report from a November 24. Numis Securities downgraded CCL stock in a recent report from December 8 to “Hold” rating. Barclays Capital maintained the rating on November 3. Barclays Capital has a “Equal-Weight” rating and a GBX 3495 price target on shares. Finally, HSBC maintained the stock with “Buy” rating in a report issued on a November 25.
Approximately 195,168 shares of stock traded hands. Carnival plc (LON:CCL) has risen 16.10% since May 22, 2015 and is uptrending. It has outperformed by 21.91% the S&P500.
The overall sentiment of institutions has increased to 1.65 in Q2 2015. Its up 0.46, from 1.19 in 2015Q2. The ratio improved, as 37 institutions have sold all the shares of Carnival plc that they owned while 155 funds have taken shares off the table. 84 funds have purchased shares for the first time while 233 added to their positions. These institutions now hold 465.12 million shares or 1.39% more than the 458.75 million shares they owned in 2015Q2.
The Fund Trinity Street Asset Management Llp currently is holding shares equating to 13.32% of its total portfolio in Carnival plc representing a total of 981,746 shares. Another fund,Suntrust Banks Inc, is holding a total of 38.55 million shares equating to 12.94% of their holdings. Additionally, Black Creek Investment Management Inc. has a 1.75 million share stake in Carnival plc which represents 11.42% of their total portfolio. The Fund, Edinburgh Partners Ltd, based out of United Kingdom, has also built up a stake in the stock, which represents a total of 10.61% of their total portfolio. Finally Oceanic Investment Management Ltd, a fund which is based in the state of Isle Of Man reported a total holdings of 550,000 shares.
Insider activity is a very important aspect to track on any stock. Going back to May 11, 2015, shareholders of Carnival plc have witnessed 0 insider purchases, and a total of 2 selling transactions equating to a net activity of approximately $770,167 . Donald Arnold W sold 5,000 shares worth approximately $249,741. Glasier Richard sold 10,000 shares worth approximately $520,426.
Carnival plc is a cruise vacation company. The company has a market cap of 28.18 billion GBP. The Firm has three cruise divisions that consist of North America cruise brands, Europe, Australia & Asia cruise brands, and Cruise Support. It has 31.22 P/E ratio. In addition, it also has a Tour and Other segment.
According to Zacks Investment Research, “Carnival Corporation & plc is the largest cruise company in the world, with a portfolio of 10 cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Line, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia), P&O Cruises (UK) and Fathom.”