Carnival Co. & (NYSE:CCL) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Carnival Co. & (NYSE:CCL) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.

CCL has been the subject of a number of other reports. Morgan Stanley raised shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and lowered their price objective for the stock from $25.00 to $21.00 in a research note on Thursday, April 10th. Tigress Financial reaffirmed a “buy” rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. BNP Paribas assumed coverage on shares of Carnival Co. & in a research note on Thursday, March 27th. They issued an “outperform” rating and a $26.00 price objective for the company. Truist Financial upped their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Finally, Barclays lowered their price objective on shares of Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.83.

Carnival Co. & Stock Up 1.1%

Shares of CCL opened at $22.98 on Wednesday. The firm has a market capitalization of $26.81 billion, a P/E ratio of 16.53, a P/E/G ratio of 0.73 and a beta of 2.50. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $28.72. 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 moving average price of $19.29 and a 200-day moving average price of $23.01.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The firm 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 business’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.14) earnings per share. Equities research analysts expect that Carnival Co. & will post 1.77 earnings per share for the current year.

Hedge Funds Weigh In On Carnival Co. &

Several hedge funds have recently modified their holdings of the stock. Causeway Capital Management LLC acquired a new position in shares of Carnival Co. & during the first quarter valued at about $518,816,000. Orion Capital Management LLC increased its holdings in shares of Carnival Co. & by 450.0% during the first quarter. Orion Capital Management LLC now owns 6,600 shares of the company’s stock valued at $129,000 after acquiring an additional 5,400 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Carnival Co. & during the first quarter valued at about $5,459,000. Jump Financial LLC increased its holdings in shares of Carnival Co. & by 15.0% during the first quarter. Jump Financial LLC now owns 22,538 shares of the company’s stock valued at $440,000 after acquiring an additional 2,943 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Carnival Co. & by 28.7% during the first quarter. Smartleaf Asset Management LLC now owns 13,033 shares of the company’s stock valued at $259,000 after acquiring an additional 2,904 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

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.