Carnival Co. & (NYSE:CCL) Coverage Initiated at BNP Paribas

Equities research analysts at BNP Paribas assumed coverage on shares of Carnival Co. & (NYSE:CCL) in a note issued to investors on Thursday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $26.00 price target on the stock. BNP Paribas’ target price would suggest a potential upside of 24.29% from the company’s current price.

CCL has been the topic of several other reports. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. Mizuho boosted their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday. The Goldman Sachs Group raised their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Barclays upped their price target on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Finally, Morgan Stanley raised their price objective on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Trading Down 1.6 %

Shares of NYSE:CCL opened at $20.92 on Thursday. Carnival Co. & has a twelve month low of $13.78 and a twelve month high of $28.72. 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 firm has a market cap of $24.35 billion, a P/E ratio of 15.05, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a 50 day moving average of $23.99 and a 200-day moving average of $23.10.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Measured Risk Portfolios Inc. purchased a new position in shares of Carnival Co. & during the 4th quarter valued at $29,000. Crewe Advisors LLC boosted its position in Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares during the last quarter. Orion Capital Management LLC purchased a new position in Carnival Co. & in the fourth quarter valued at about $30,000. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & in the 4th quarter worth about $34,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Carnival Co. & during the 4th quarter worth about $34,000. Institutional investors and hedge funds 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.