Carnival (CCL) Gets a Buy from Barclays

Barclays analyst Brandt Montour maintained a Buy rating on Carnival today and set a price target of $36.00.

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Montour covers the Consumer Cyclical sector, focusing on stocks such as Vail Resorts, Norwegian Cruise Line, and DraftKings. According to TipRanks, Montour has an average return of 6.0% and a 50.79% success rate on recommended stocks.

In addition to Barclays, Carnival also received a Buy from TipRanks – PerPlexity’s PerPlexity Leisure in a report issued on March 28. However, on the same day, TipRanks – xAI downgraded Carnival (NYSE: CCL) to a Hold.

Based on Carnival’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $6.17 billion and a net profit of $258 million. In comparison, last year the company earned a revenue of $5.81 billion and had a GAAP net loss of $78 million

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CCL in relation to earlier this year. Last month, David Bernstein, the CFO & CAO of CCL sold 361,790.00 shares for a total of $12,015,045.90.