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

Carnival Co. & plc (NYSE:CCL) has received a consensus recommendation of “Moderate Buy” from the twenty ratings firms that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $26.53.

A number of research analysts have recently weighed in on the company. Mizuho raised their price target on Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, March 24th. Morgan Stanley raised shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $25.00 to $21.00 in a report on Thursday, April 10th. StockNews.com upgraded Carnival Co. & from a “hold” rating to a “buy” rating in a research report on Friday, April 18th. BNP Paribas started coverage on Carnival Co. & in a report on Thursday, March 27th. They set an “outperform” rating and a $26.00 target price on the stock. Finally, Truist Financial boosted their price target on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th.

Institutional Investors Weigh In On Carnival Co. &

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. purchased a new stake in shares of Carnival Co. & during the 4th quarter worth about $29,000. Crewe Advisors LLC grew its stake in Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after buying an additional 888 shares during the period. Orion Capital Management LLC acquired a new stake in shares of Carnival Co. & in the fourth quarter worth $30,000. New Wave Wealth Advisors LLC purchased a new position in shares of Carnival Co. & in the 4th quarter valued at $34,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Carnival Co. & during the 4th quarter valued at $34,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Stock Performance

Shares of CCL opened at $18.71 on Friday. The company has a market capitalization of $21.83 billion, a PE ratio of 13.46, a P/E/G ratio of 0.73 and a beta of 2.42. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $28.72. The company has a 50-day simple moving average of $20.23 and a 200-day simple moving average of $23.09. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

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