Carnival Co. & (NYSE:CCL) Stock Rating Upgraded by Hsbc Global Res

Carnival Co. & (NYSE:CCL) was upgraded by research analysts at Hsbc Global Res from a “moderate sell” rating to a “hold” rating in a research report issued on Friday,Zacks.com reports.

A number of other brokerages have also recently issued reports on CCL. Citigroup cut their target price on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Loop Capital cut their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Monday, March 24th. Stifel Nicolaus raised their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, March 24th. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Finally, Barclays cut their target price on shares of Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.68.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $23.42 on Friday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & has a one year low of $13.78 and a one year high of $28.72. The company’s 50-day simple moving average is $19.45 and its 200-day simple moving average is $23.02. The stock has a market capitalization of $27.32 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 0.73 and a beta of 2.50.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. During the same quarter last year, the company posted ($0.14) earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts anticipate that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carnival Co. &

Large investors have recently made changes to their positions in the company. Woodline Partners LP increased its stake in shares of Carnival Co. & by 41.9% during the first quarter. Woodline Partners LP now owns 88,522 shares of the company’s stock valued at $1,729,000 after acquiring an additional 26,141 shares during the period. Empowered Funds LLC increased its stake in shares of Carnival Co. & by 61.6% during the first quarter. Empowered Funds LLC now owns 30,437 shares of the company’s stock valued at $594,000 after acquiring an additional 11,601 shares during the period. MBB Public Markets I LLC acquired a new position in shares of Carnival Co. & during the first quarter valued at approximately $290,000. Great Lakes Advisors LLC acquired a new position in shares of Carnival Co. & during the first quarter valued at approximately $228,000. Finally, Sciencast Management LP acquired a new position in shares of Carnival Co. & during the first quarter valued at approximately $1,344,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

About Carnival Co. &

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.