Loop Capital Cuts Carnival Co. & (NYSE:CCL) Price Target to $21.00

Carnival Co. & (NYSE:CCL) had its price objective decreased by equities research analysts at Loop Capital from $25.00 to $21.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Loop Capital’s target price suggests a potential downside of 0.07% from the stock’s previous close.

Several other analysts also recently issued reports on CCL. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Citigroup increased their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Stifel Nicolaus boosted their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday. The Goldman Sachs Group increased their price objective on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Barclays boosted their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.72.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $21.02 on Monday. The stock has a fifty day moving average price of $24.19 and a 200 day moving average price of $23.04. 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 stock has a market cap of $24.47 billion, a PE ratio of 15.12, a P/E/G ratio of 0.73 and a beta of 2.66. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $28.72.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.14) EPS. Sell-side analysts forecast that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

A number of large investors have recently modified their holdings of CCL. Measured Risk Portfolios Inc. acquired a new stake in Carnival Co. & during the 4th quarter worth approximately $29,000. Crewe Advisors LLC grew its stake in Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after buying an additional 888 shares during the period. Orion Capital Management LLC acquired a new stake in shares of Carnival Co. & in the fourth quarter worth $30,000. New Wave Wealth Advisors LLC purchased a new position in shares of Carnival Co. & in the 4th quarter valued at $34,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Carnival Co. & during the 4th quarter valued at $34,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

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.