Carnival Co. & (NYSE:CCL) Trading Down 3.8%

Carnival Co. & plc (NYSE:CCL)’s share price was down 3.8% on Monday . The company traded as low as $17.86 and last traded at $18.00. Approximately 7,583,409 shares were traded during trading, a decline of 76% from the average daily volume of 31,294,563 shares. The stock had previously closed at $18.72.

Wall Street Analysts Forecast Growth

CCL has been the topic of several recent analyst reports. UBS Group increased their target price on Carnival Co. & from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a report on Monday, April 22nd. Argus increased their target price on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Mizuho initiated coverage on Carnival Co. & in a report on Tuesday, March 26th. They issued a “buy” rating and a $21.00 target price on the stock. Finally, The Goldman Sachs Group initiated coverage on Carnival Co. & in a report on Wednesday, March 13th. They issued a “buy” rating and a $20.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.83.

Carnival Co. & Stock Down 0.8 %

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 firm has a market cap of $19.71 billion, a price-to-earnings ratio of 27.12 and a beta of 2.68. The firm’s 50 day moving average price is $15.71 and its two-hundred day moving average price is $16.11.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. The firm had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.31) earnings per share. As a group, sell-side analysts forecast that Carnival Co. & plc will post 1.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carnival Co. &

A number of hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Carnival Co. & by 64.3% during the 2nd quarter. GAMMA Investing LLC now owns 17,017 shares of the company’s stock worth $319,000 after acquiring an additional 6,661 shares in the last quarter. Davis Capital Management boosted its stake in shares of Carnival Co. & by 1,333.3% during the 2nd quarter. Davis Capital Management now owns 9,675 shares of the company’s stock worth $171,000 after acquiring an additional 9,000 shares in the last quarter. Keynote Financial Services LLC purchased a new stake in shares of Carnival Co. & during the 1st quarter worth approximately $349,000. EverSource Wealth Advisors LLC boosted its stake in shares of Carnival Co. & by 5,317.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 112,259 shares of the company’s stock worth $1,834,000 after acquiring an additional 110,187 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Carnival Co. & by 72.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock worth $4,223,000 after acquiring an additional 103,501 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Company Profile

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.