Carnival Co. & plc (NYSE:CCL) receives consensus rating of “Moderate Buy” from analysts

Shares of Carnival Co. & plc (NYSE:CCL – Get Your Free Report ) has earned an average rating of “Moderate Buy” from the nineteen brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and sixteen have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $22.33.

A number of equities analysts have commented on the stock. Argus boosted their price objective on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. raised their price target on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Susquehanna reissued a “positive” rating and set a $22.00 target price on shares of Carnival Co. and in a report on Wednesday, June 26th. Morgan Stanley raised their price objective on Carnival Co. & from $13.50 to $15.00 and gave the stock an “underweight” rating in a report on Wednesday, August 7th. Finally, Truist Financial boosted their price target on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd.

Check out our latest analysis of CCL

Carnival Co. and inventories down 1.2%

CCL opened at $16.15 on Thursday. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28, and a quick ratio of 0.24. The stock has a market cap of $18.13 billion, a price-to-earnings ratio of 24.85 and a beta of 2.68. Carnival Co. & has a 12-month low of $10.84 and a 12-month high of $19.74. The company has a 50 day moving average of $16.74 and a two hundred day moving average of $15.99.

Carnival Co. & (NYSE:CCL – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The company had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.68 billion. During the same period in the prior year, the firm earned ($0.31) earnings per share. Carnival Co.’s revenue & for the quarter were up 17.7% on a year-over-year basis. On average, research analysts expect that Carnival Co. & to post 1.19 earnings per share for the current year.

Hedge Funds Influence Carnival Co. &

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Continuum Advisory LLC grew its position in Carnival Co. and by 22.1% in the second quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock valued at $65,000 after purchasing an additional 630 shares in the last quarter. GAMMA Investing LLC grew its position in Carnival Co. and by 7.5% in the first quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock worth $169,000 after buying an additional 726 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in Carnival Co. and by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock valued at $3,379,000 after acquiring an additional 729 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Carnival Co. and by 2.9% in the second quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock valued at $490,000 after buying an additional 737 shares during the period. Finally, Fidelis Capital Partners LLC grew its holdings in Carnival Co. and 6.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock valued at $232,000 after purchasing an additional 764 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s shares.

Carnival Co. & Company Profile

(Get a free report

Carnival Corporation & plc is engaged 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 owning and operating hotels, lodges, glass-domed carriages and coaches.

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