Carnival Co. & (NYSE:CCL) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Carnival Co. & (NYSE:CCL) from a buy rating to a hold rating in a report issued on Tuesday morning.

CCL has been the topic of several other research reports. Barclays reduced their price target on shares of Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Loop Capital decreased their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Monday, March 24th. Tigress Financial reiterated a “buy” rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Truist Financial boosted their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Finally, William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.53.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $20.26 on Tuesday. The stock has a market cap of $23.63 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $28.72. The business has a 50-day simple moving average of $19.24 and a 200-day simple moving average of $22.98. 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 released 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 net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. During the same quarter last year, the company earned ($0.14) EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts expect that Carnival Co. & will post 1.77 EPS for the current year.

Institutional Trading of Carnival Co. &

A number of hedge funds have recently bought and sold shares of CCL. N.E.W. Advisory Services LLC bought a new position in shares of Carnival Co. & in the first quarter worth approximately $25,000. Graybill Wealth Management LTD. purchased a new stake in Carnival Co. & during the 1st quarter valued at $26,000. Measured Risk Portfolios Inc. bought a new stake in Carnival Co. & in the 4th quarter worth $29,000. Crewe Advisors LLC increased its position in shares of Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after acquiring an additional 888 shares during the period. Finally, Orion Capital Management LLC bought a new position in shares of Carnival Co. & during the fourth quarter valued at about $30,000. Institutional investors own 67.19% of the company’s stock.

About Carnival Co. &

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.