Bernstein Keeps Their Hold Rating on Carnival (CCL)

In a report released today, Richard Clarke from Bernstein maintained a Hold rating on Carnival, with a price target of $28.70.

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Clarke covers the Consumer Cyclical sector, focusing on stocks such as Airbnb, Booking Holdings, and TripAdvisor. According to TipRanks, Clarke has an average return of 0.1% and a 47.22% success rate on recommended stocks.

In addition to Bernstein, Carnival also received a Hold from Truist Financial’s Patrick Scholes in a report issued today. However, on the same day, Goldman Sachs maintained a Buy rating on Carnival (NYSE: CCL).

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.