Carnival (CCL) Receives a Hold from Bernstein
Bernstein analyst Richard Clarke maintained a Hold rating on Carnival today and set a price target of $28.70.
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According to TipRanks, Clarke is a 4-star analyst with an average return of 6.1% and a 61.03% success rate. Clarke covers the Consumer Cyclical sector, focusing on stocks such as Booking Holdings, Expedia, and Carnival.
In addition to Bernstein, Carnival also received a Hold from BMO Capital’s Tristan M. Thomas-Martin in a report issued on July 8. However, on June 30, Tigress Financial reiterated a Buy rating on Carnival (NYSE: CCL).
Based on Carnival’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $6.66 billion and a net profit of $537 million. In comparison, last year the company earned a revenue of $6.33 billion and had a net profit of $565 million
Based on the recent corporate insider activity of 42 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, Bettina Alejandra Deynes, the CHRO of CCL sold 43,058.00 shares for a total of $1,209,929.80.
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