Carnival Co. & plc (NYSE:CCL) Receives $26.84 Average PT from Brokerages

Carnival Co. & plc (NYSE:CCL) has received an average recommendation of “Moderate Buy” from the twenty analysts that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $26.53.

Several research firms have recently issued reports on CCL. Morgan Stanley raised shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $25.00 to $21.00 in a research report on Thursday, April 10th. Mizuho lifted their price target on Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, March 24th. BNP Paribas initiated coverage on Carnival Co. & in a report on Thursday, March 27th. They issued an “outperform” rating and a $26.00 price objective on the stock. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Finally, Loop Capital dropped their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Monday, March 24th.

Institutional Investors Weigh In On Carnival Co. &

Several large investors have recently modified their holdings of the stock. Measured Risk Portfolios Inc. acquired a new position in Carnival Co. & in the 4th quarter valued at $29,000. Crewe Advisors LLC increased its stake in shares of 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 acquiring an additional 888 shares during the period. Orion Capital Management LLC purchased a new position in Carnival Co. & during the fourth quarter worth about $30,000. New Wave Wealth Advisors LLC acquired a new stake in Carnival Co. & in the fourth quarter valued at about $34,000. Finally, Millstone Evans Group LLC purchased a new stake in Carnival Co. & in the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Trading Up 1.2 %

NYSE:CCL opened at $18.71 on Friday. The stock has a fifty day moving average price of $20.23 and a 200 day moving average price of $23.09. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. 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 $21.83 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period in the prior year, the firm earned ($0.14) earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Sell-side analysts anticipate 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.