Carnival Co. & (NYSE:CCL) Price Target Lowered to $21.00 at Loop Capital

Carnival Co. & (NYSE:CCL) had its price target trimmed by Loop Capital from $25.00 to $21.00 in a report issued on Monday,Benzinga reports. The firm currently has a hold rating on the stock.

Other equities analysts also recently issued reports about the stock. Mizuho increased their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Truist Financial increased their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 24th. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Citigroup raised their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Wells Fargo & Company boosted their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.72.

Carnival Co. & Stock Up 2.5 %

Shares of NYSE:CCL opened at $21.46 on Monday. The firm has a market capitalization of $24.98 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. The business has a 50 day simple moving average of $24.14 and a two-hundred day simple moving average of $23.07. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

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

Institutional Trading of Carnival Co. &

Hedge funds have recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. acquired a new position in shares of Carnival Co. & in the fourth quarter worth about $29,000. Crewe Advisors LLC boosted its position 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 purchasing an additional 888 shares in the last quarter. Orion Capital Management LLC purchased a new position in Carnival Co. & during the fourth quarter worth approximately $30,000. New Wave Wealth Advisors LLC acquired a new stake in Carnival Co. & in the fourth quarter valued at approximately $34,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Carnival Co. & in the fourth quarter valued at approximately $34,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

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.