Fintel reports that on September 19, 2023, Truist Securities upgraded their outlook for Carnival (NYSE:CCL) from Sell to Hold.
Analyst Price Forecast Suggests 17.47% Upside
As of August 30, 2023, the average one-year price target for Carnival is 17.67. The forecasts range from a low of 7.07 to a high of $26.25. The average price target represents an increase of 17.47% from its latest reported closing price of 15.04.
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The projected annual revenue for Carnival is 21,588MM, an increase of 23.44%. The projected annual non-GAAP EPS is 0.51.
What is the Fund Sentiment?
There are 1189 funds or institutions reporting positions in Carnival. This is an increase of 48 owner(s) or 4.21% in the last quarter. Average portfolio weight of all funds dedicated to CCL is 0.14%, an increase of 57.49%. Total shares owned by institutions increased in the last three months by 10.21% to 645,740K shares. The put/call ratio of CCL is 1.31, indicating a bearish outlook.
What are Other Shareholders Doing?
Public Investment Fund holds 50,831K shares representing 4.02% ownership of the company. No change in the last quarter.
Bessemer Group holds 35,748K shares representing 2.82% ownership of the company. In it’s prior filing, the firm reported owning 16K shares, representing an increase of 99.96%. The firm increased its portfolio allocation in CCL by 2,997,560.81% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 31,298K shares representing 2.47% ownership of the company. In it’s prior filing, the firm reported owning 31,154K shares, representing an increase of 0.46%. The firm increased its portfolio allocation in CCL by 71.95% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 23,914K shares representing 1.89% ownership of the company. In it’s prior filing, the firm reported owning 23,382K shares, representing an increase of 2.22%. The firm increased its portfolio allocation in CCL by 71.85% over the last quarter.
VIMSX – Vanguard Mid-Cap Index Fund Investor Shares holds 23,281K shares representing 1.84% ownership of the company. In it’s prior filing, the firm reported owning 23,406K shares, representing a decrease of 0.54%. The firm increased its portfolio allocation in CCL by 77.14% over the last quarter.
Carnival Background Information
(This description is provided by the company.)
Carnival Corporation & plc is one of the world’s largest leisure travel companies with a portfolio of nine of the world’s leading cruise lines. With operations in North America, Australia, Europe and Asia, its portfolio features Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, P&O Cruises (Australia), Costa Cruises, AIDA Cruises, P&O Cruises (UK) and Cunard.
This article originally appeared on Fintel
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