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

Shares of Carnival Co. & plc (NYSE:CCL) have been assigned an average rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and fourteen have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $27.11.

A number of research firms have issued reports on CCL. Wells Fargo & Company raised their target price on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Mizuho raised their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Morgan Stanley upped their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Loop Capital initiated coverage on shares of Carnival Co. & in a research report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price target on the stock. Finally, Truist Financial upped their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 24th.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock opened at $24.12 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The firm has a fifty day simple moving average of $25.54 and a 200-day simple moving average of $22.38. The stock has a market capitalization of $28.07 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 0.73 and a beta of 2.64. Carnival Co. & has a 1-year low of $13.78 and a 1-year high of $28.72.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) EPS. On average, sell-side analysts expect that Carnival Co. & will post 1.77 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Measured Risk Portfolios Inc. bought a new position in Carnival Co. & during the 4th quarter valued at about $29,000. Orion Capital Management LLC acquired a new stake in shares of Carnival Co. & during the fourth quarter worth approximately $30,000. Crewe Advisors LLC raised its stake 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 last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & in the 3rd quarter worth approximately $25,000. Finally, New Wave Wealth Advisors LLC acquired a new position in shares of Carnival Co. & in the 4th quarter worth approximately $34,000. 67.19% of the stock is owned by 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.