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

Carnival Co. & plc (NYSE:CCL) has been given an average rating of “Moderate Buy” by the nineteen analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $27.11.

Several equities research analysts recently commented on CCL shares. Truist Financial upped their price target 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. Sanford C. Bernstein started coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target for the company. Citigroup upped their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Loop Capital began coverage on shares of Carnival Co. & in a research report on Tuesday. They issued a “hold” rating and a $25.00 target price for the company. Finally, The Goldman Sachs Group increased their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Carnival Co. & in the 3rd quarter valued at $25,000. Crewe Advisors LLC grew its stake in Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after buying an additional 888 shares during the last quarter. Assetmark Inc. grew its stake in Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after buying an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & in the 4th quarter valued at $34,000. Finally, CVA Family Office LLC grew its stake in Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after buying an additional 1,205 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Stock Up 1.0 %

CCL stock opened at $27.46 on Friday. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $28.72. The firm has a market cap of $31.96 billion, a PE ratio of 19.75, a P/E/G ratio of 0.86 and a beta of 2.64. The firm has a 50 day simple moving average of $25.70 and a 200 day simple moving average of $21.42. 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 issued its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.07) EPS. Equities research analysts forecast that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

Carnival Co. & Company Profile

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.