Carnival Co. & plc (NYSE:CCL) Given Average Recommendation of “Moderate Buy” by Analysts

Carnival Co. & plc (NYSE:CCL) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $22.97.

A number of research firms have weighed in on CCL. Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Truist Financial increased their price objective on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Susquehanna restated a “positive” rating and issued a $22.00 target price on shares of Carnival Co. & in a research note on Wednesday, June 26th. Citigroup increased their price target on Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th.

Carnival Co. & Stock Performance

CCL stock opened at $18.02 on Monday. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. The firm has a market cap of $20.23 billion, a PE ratio of 27.72 and a beta of 2.69. The business has a 50 day moving average of $16.58 and a 200-day moving average of $16.28. Carnival Co. & has a 12-month low of $10.84 and a 12-month high of $19.74.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. The firm had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $0.86 EPS. As a group, sell-side analysts expect that Carnival Co. & will post 1.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CCL. Richardson Capital Management LLC purchased a new stake in shares of Carnival Co. & in the first quarter worth $26,000. Family Firm Inc. purchased a new stake in shares of Carnival Co. & in the 2nd quarter valued at about $26,000. Hantz Financial Services Inc. bought a new stake in shares of Carnival Co. & during the 2nd quarter valued at about $30,000. ICA Group Wealth Management LLC purchased a new position in shares of Carnival Co. & during the fourth quarter worth about $31,000. Finally, BNP Paribas bought a new position in shares of Carnival Co. & in the first quarter worth approximately $32,000. 67.19% of the stock is owned by institutional investors.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.