Carnival Co. & (NYSE:CCL) Upgraded to Hold at HSBC

Carnival Co. & (NYSE:CCL) was upgraded by investment analysts at HSBC from a “reduce” rating to a “hold” rating in a report issued on Friday,Finviz reports. The brokerage currently has a $24.00 target price on the stock. HSBC’s target price would suggest a potential upside of 4.39% from the company’s current price.

A number of other research analysts also recently weighed in on the stock. Macquarie lowered their price objective on shares of Carnival Co. & from $31.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Tigress Financial reaffirmed a “buy” rating on shares of Carnival Co. & in a report on Wednesday, March 26th. Citigroup lowered their target price on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Barclays reduced their price target on shares of Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Finally, Truist Financial raised their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.68.

Carnival Co. & Stock Performance

Carnival Co. & stock opened at $22.99 on Friday. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $28.72. The business’s fifty day simple moving average is $19.36 and its two-hundred day simple moving average is $23.01. The company has a market capitalization of $26.82 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. 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. & (NYSE:CCL) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. During the same period last year, the firm posted ($0.14) earnings per share. Carnival Co. &’s revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts predict that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

A number of hedge funds have recently made changes to their positions in the business. Causeway Capital Management LLC bought a new position in Carnival Co. & in the 1st quarter worth approximately $518,816,000. Nuveen LLC purchased a new position in shares of Carnival Co. & in the first quarter worth $432,718,000. FMR LLC boosted its position in shares of Carnival Co. & by 186.6% during the fourth quarter. FMR LLC now owns 9,898,906 shares of the company’s stock worth $246,681,000 after acquiring an additional 6,444,444 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Carnival Co. & by 33.7% during the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock valued at $569,423,000 after acquiring an additional 5,761,489 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Carnival Co. & by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after acquiring an additional 4,458,329 shares during the last quarter. Institutional investors 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.