CCL

Morgan Stanley Maintains Carnival (CCL) Underweight Recommendation

Fintel reports that on October 3, 2023, Morgan Stanley maintained coverage of Carnival (NYSE:CCL) with a Underweight recommendation.

Analyst Price Forecast Suggests 29.53% 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 29.53% from its latest reported closing price of 13.64.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Carnival is 21,588MM, an increase of 7.75%. The projected annual non-GAAP EPS is 0.51.

What is the Fund Sentiment?

There are 1205 funds or institutions reporting positions in Carnival. This is an increase of 61 owner(s) or 5.33% in the last quarter. Average portfolio weight of all funds dedicated to CCL is 0.15%, an increase of 75.11%. Total shares owned by institutions increased in the last three months by 10.54% to 648,004K shares. CCL / Carnival Corp. (Paired Stock) Put/Call Ratios The put/call ratio of CCL is 1.20, indicating a bearish outlook.

What are Other Shareholders Doing?

CCL / Carnival Corp. (Paired Stock) Shares Held by Institutions

Public Investment Fund holds 50,831K shares representing 4.01% 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.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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