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

Carnival Co. & plc (NYSE:CCL) has earned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $27.11.

A number of research firms recently commented on CCL. Wells Fargo & Company increased their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Bank of America boosted their target price on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Truist Financial raised 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. Citigroup boosted their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, Stifel Nicolaus boosted their price target on Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd.

Carnival Co. & Trading Up 1.9 %

CCL opened at $22.33 on Thursday. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $28.72. The stock has a market capitalization of $26.00 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The business has a fifty day moving average price of $25.25 and a 200 day moving average price of $22.65.

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

Hedge Funds Weigh In On Carnival Co. &

Institutional investors have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Carnival Co. & in the 4th quarter worth $11,249,000. Jefferies Financial Group Inc. acquired a new position in Carnival Co. & in the 4th quarter worth $353,000. Advisor Resource Council purchased a new position in Carnival Co. & in the fourth quarter valued at about $541,000. Forum Financial Management LP boosted its stake in shares of Carnival Co. & by 12.7% during the 4th quarter. Forum Financial Management LP now owns 22,611 shares of the company’s stock valued at $563,000 after buying an additional 2,551 shares during the last quarter. Finally, Toronto Dominion Bank grew its holdings in Carnival Co. & by 4.8% during the 4th quarter. Toronto Dominion Bank now owns 584,639 shares of the company’s stock worth $14,569,000 after acquiring an additional 26,828 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

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.