Carnival Co. & plc (NYSE:CCL) Receives $27.11 Average PT from Analysts

Shares of Carnival Co. & plc (NYSE:CCL) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $27.11.

Several research analysts have weighed in on the company. Morgan Stanley lifted their target price on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group lifted their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Mizuho upped their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Sanford C. Bernstein began coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price for the company. Finally, Citigroup boosted their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd.

Carnival Co. & Trading Down 2.8 %

Shares of Carnival Co. & stock opened at $23.26 on Thursday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The company has a market capitalization of $27.08 billion, a P/E ratio of 16.73, a PEG ratio of 0.73 and a beta of 2.64. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $28.72. The company’s fifty day moving average is $25.40 and its two-hundred day moving average is $22.61.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.07) earnings per share. Analysts forecast that Carnival Co. & will post 1.77 earnings per share for the current year.

Institutional Investors Weigh In On Carnival Co. &

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Carnival Co. & by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after purchasing an additional 4,458,329 shares in the last quarter. State Street Corp grew its holdings in Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after purchasing an additional 2,301,906 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Carnival Co. & by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company’s stock valued at $627,053,000 after buying an additional 1,201,256 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Carnival Co. & by 33.7% during the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock worth $569,423,000 after buying an additional 5,761,489 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Carnival Co. & by 4.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company’s stock worth $464,747,000 after buying an additional 877,694 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.