Carnival Co. & plc (NYSE:CCL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Carnival Co. & plc (NYSE:CCL) have been given an average rating of “Moderate Buy” by the twenty ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $26.89.

Several brokerages have issued reports on CCL. Tigress Financial restated a “buy” rating on shares of Carnival Co. & in a research report on Wednesday. Wells Fargo & Company upped their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Morgan Stanley increased their target price on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. Mizuho upped their price target on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, March 24th. Finally, Loop Capital reduced their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Monday, March 24th.

Institutional Investors Weigh In On Carnival Co. &

Institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its position in shares of Carnival Co. & by 8.8% during the third quarter. Empowered Funds LLC now owns 16,975 shares of the company’s stock valued at $314,000 after buying an additional 1,367 shares during the last quarter. Caprock Group LLC purchased a new stake in Carnival Co. & during the third quarter valued at approximately $201,000. PNC Financial Services Group Inc. boosted its stake in Carnival Co. & by 3.4% in the third quarter. PNC Financial Services Group Inc. now owns 191,834 shares of the company’s stock valued at $3,545,000 after acquiring an additional 6,283 shares in the last quarter. Avior Wealth Management LLC grew its holdings in Carnival Co. & by 50.7% in the third quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock worth $51,000 after purchasing an additional 924 shares during the last quarter. Finally, Commerce Bank increased its position in shares of Carnival Co. & by 5.1% during the third quarter. Commerce Bank now owns 21,485 shares of the company’s stock worth $397,000 after purchasing an additional 1,035 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

NYSE CCL opened at $19.85 on Monday. The company has a market cap of $23.10 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.73 and a beta of 2.66. The business’s 50 day moving average price is $23.79 and its 200-day moving average price is $23.11. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

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

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.