Carnival Co. & plc (NYSE:CCL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Carnival Co. & plc (NYSE:CCL) have earned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $21.61.

Several brokerages have weighed in on CCL. JPMorgan Chase & Co. raised their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Wells Fargo & Company raised their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Truist Financial lowered their target price on shares of Carnival Co. & from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, May 29th. Macquarie raised their target price on shares of Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Finally, Argus lowered their target price on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, April 1st.

Carnival Co. & Price Performance

NYSE CCL opened at $16.07 on Friday. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The firm’s 50 day moving average price is $15.25 and its 200-day moving average price is $16.12. Carnival Co. & has a 52-week low of $10.84 and a 52-week high of $19.74. The company has a market cap of $18.04 billion, a PE ratio of 61.81 and a beta of 2.57.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. The firm had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period last year, the firm earned ($0.55) earnings per share. Sell-side analysts forecast that Carnival Co. & will post 1.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. grew its position in shares of Carnival Co. & by 210.1% in the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock valued at $72,200,000 after purchasing an additional 2,638,564 shares during the period. Norges Bank acquired a new position in Carnival Co. & during the fourth quarter worth about $40,236,000. Goldentree Asset Management LP acquired a new position in Carnival Co. & during the first quarter worth about $31,917,000. International Assets Investment Management LLC boosted its position in Carnival Co. & by 1,589.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,789,351 shares of the company’s stock worth $331,750,000 after acquiring an additional 1,683,434 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Carnival Co. & during the first quarter worth about $27,302,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

About Carnival Co. &

Carnival Corporation & plc engages 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 owns and operates hotels, lodges, glass-domed railcars, and motor coaches.