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

Shares of Carnival Co. & plc (NYSE:CCL) have received an average recommendation of “Moderate Buy” from the twenty ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $22.00.

Several research analysts recently weighed in on CCL shares. Argus upped their price target on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday. Susquehanna reissued a “positive” rating and set a $22.00 price target on shares of Carnival Co. & in a research report on Wednesday. Truist Financial dropped their price target on Carnival Co. & from $18.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft upped their target price on Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Citigroup upped their target price on Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday.

Institutional Trading of Carnival Co. &

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Carnival Co. & by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock valued at $2,098,055,000 after purchasing an additional 559,038 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Carnival Co. & by 19.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,123,585 shares of the company’s stock worth $95,001,000 after acquiring an additional 844,014 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Carnival Co. & by 16.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,697,626 shares of the company’s stock worth $87,094,000 after acquiring an additional 652,798 shares during the period. Earnest Partners LLC lifted its position in shares of Carnival Co. & by 12.5% in the 1st quarter. Earnest Partners LLC now owns 4,567,402 shares of the company’s stock worth $74,631,000 after acquiring an additional 507,045 shares during the period. Finally, Point72 Asset Management L.P. lifted its position in shares of Carnival Co. & by 210.1% in the 4th quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock worth $72,200,000 after acquiring an additional 2,638,564 shares during the period. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Trading Up 0.6 %

Shares of NYSE CCL opened at $18.72 on Friday. Carnival Co. & has a 12 month low of $10.84 and a 12 month high of $19.74. The company has a market cap of $21.01 billion, a price-to-earnings ratio of 28.80 and a beta of 2.57. The company has a quick ratio of 0.32, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. The business has a fifty day simple moving average of $15.64 and a 200-day simple moving average of $16.14.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.12. The firm had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. Carnival Co. &’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.31) earnings per share. Sell-side analysts predict that Carnival Co. & will post 1.19 EPS for the current year.

Carnival Co. & Company Profile

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.