{"id":134773,"date":"2023-09-15T03:58:57","date_gmt":"2023-09-15T03:58:57","guid":{"rendered":"https:\/\/allmybiznews.com\/?p=134773"},"modified":"2023-09-15T03:58:57","modified_gmt":"2023-09-15T03:58:57","slug":"redburn-partners-upgrades-carnival","status":"publish","type":"post","link":"https:\/\/allmybiznews.com\/markets\/redburn-partners-upgrades-carnival\/","title":{"rendered":"Redburn Partners Upgrades Carnival"},"content":{"rendered":"
Fintel reports that on September 14, 2023, Redburn Partners upgraded their outlook for Carnival (NYSE:CCL) from Neutral<\/strong> to Buy<\/strong>.<\/p>\n Analyst Price Forecast Suggests 17.63% Upside<\/strong><\/p>\n 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 17.63% from its latest reported closing price of 15.02.<\/p>\n See our leaderboard of companies with the largest price target upside.<\/p>\n The projected annual revenue for Carnival is 21,588MM, an increase of 23.44%. The projected annual non-GAAP EPS is 0.51.<\/p>\n What is the Fund Sentiment?<\/strong><\/p>\n There are 1189 funds or institutions reporting positions in Carnival. This is an increase of 36 owner(s) or 3.12% in the last quarter. Average portfolio weight of all funds<\/strong> dedicated to CCL is 0.14%, an increase of 57.09%. Total shares owned by institutions increased in the last three months by 9.98% to 645,772K shares. The put\/call ratio of CCL is 1.28, indicating a bearish outlook.<\/p>\n What are Other Shareholders Doing?<\/strong><\/p>\n Public Investment Fund holds 50,831K shares representing 4.02% ownership of the company. No change in the last quarter.<\/p>\n 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<\/strong> of 99.96%. The firm increased<\/strong> its portfolio allocation in CCL by 2,997,560.81% over the last quarter.<\/p>\n 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<\/strong> of 0.46%. The firm increased<\/strong> its portfolio allocation in CCL by 71.95% over the last quarter.<\/p>\n 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<\/strong> of 2.22%. The firm increased<\/strong> its portfolio allocation in CCL by 71.85% over the last quarter.<\/p>\n 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<\/strong> of 0.54%. The firm increased<\/strong> its portfolio allocation in CCL by 77.14% over the last quarter.<\/p>\n Carnival Background Information<\/strong> 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.<\/p>\n This article originally appeared on Fintel<\/i><\/p>\n Sponsored: Tips for Investing<\/b><\/p>\n A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.<\/p>\n Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses,\tconsider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.<\/p>\n
\n(This description is provided by the company.)<\/span><\/p>\n