Truist Financial Cuts Carnival Co. & (NYSE:CCL) Price Target to $27.00

Carnival Co. & (NYSE:CCL) had its price objective cut by Truist Financial from $30.00 to $27.00 in a report published on Monday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other analysts have also recently issued reports on CCL. Loop Capital cut their price objective on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Monday, March 24th. Hsbc Global Res upgraded Carnival Co. & from a “moderate sell” rating to a “hold” rating in a research note on Friday, May 16th. StockNews.com upgraded Carnival Co. & from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Macquarie lowered their target price on Carnival Co. & from $31.00 to $26.00 and set an “outperform” rating for the company in a report on Friday, May 9th. Finally, Barclays lowered their target price on Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating for the company 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.53.

Carnival Co. & Trading Down 3.7%

Shares of NYSE CCL opened at $22.04 on Monday. The stock’s 50 day moving average price is $19.65 and its two-hundred day moving average price is $23.04. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $28.72. The stock has a market capitalization of $25.71 billion, a P/E ratio of 15.86, a PEG ratio of 0.73 and a beta of 2.50. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (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 firm had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. Carnival Co. &’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts anticipate 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 institutional investors and hedge funds have recently added to or reduced their stakes in CCL. Causeway Capital Management LLC bought a new position in Carnival Co. & in the 1st quarter worth approximately $518,816,000. Nuveen LLC bought a new position in Carnival Co. & in the 1st quarter worth approximately $432,718,000. FMR LLC boosted its stake in Carnival Co. & by 186.6% during the 4th quarter. FMR LLC now owns 9,898,906 shares of the company’s stock valued at $246,681,000 after purchasing an additional 6,444,444 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Carnival Co. & by 33.7% during the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock valued at $569,423,000 after purchasing an additional 5,761,489 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Carnival Co. & by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after purchasing an additional 4,458,329 shares in the last quarter. 67.19% of the stock is owned by institutional investors.

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.