Carnival Co. & (NYSE:CCL) Stock Price Up 5.6% – Should You Buy?

Carnival Co. & plc (NYSE:CCL)’s stock price shot up 5.6% during mid-day trading on Tuesday . The stock traded as high as $26.58 and last traded at $27.12. 4,456,623 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 19,223,791 shares. The stock had previously closed at $25.68.

Analyst Ratings Changes

Several research firms have recently commented on CCL. Barclays boosted their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Truist Financial boosted their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective for the company. Wells Fargo & Company raised their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Finally, Tigress Financial increased their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Carnival Co. & has an average rating of “Moderate Buy” and a consensus target price of $27.24.

Carnival Co. & Stock Up 0.8 %

The firm has a market cap of $32.31 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 0.80 and a beta of 2.64. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock has a fifty day simple moving average of $25.41 and a two-hundred day simple moving average of $21.06.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the prior year, the firm posted ($0.07) EPS. Carnival Co. &’s revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts expect that Carnival Co. & plc will post 1.74 EPS for the current fiscal year.

Institutional Trading of Carnival Co. &

Several institutional investors and hedge funds have recently modified their holdings of the business. Ashton Thomas Securities LLC purchased a new stake in shares of Carnival Co. & in the 3rd quarter valued at $25,000. Crewe Advisors LLC raised its holdings in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after buying an additional 888 shares during the last quarter. Assetmark Inc. boosted its position in Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after buying an additional 1,546 shares during the period. New Wave Wealth Advisors LLC bought a new position in shares of Carnival Co. & during the fourth quarter valued at about $34,000. Finally, CVA Family Office LLC increased its holdings in Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares during the period. 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.