Carnival Co. & (NYSE:CCL) Now Covered by Analysts at Loop Capital

Loop Capital assumed coverage on shares of Carnival Co. & (NYSE:CCL) in a research note released on Tuesday,Benzinga reports. The firm issued a hold rating and a $25.00 target price on the stock.

Other analysts have also issued research reports about the company. Barclays upped their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. The Goldman Sachs Group upped their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Mizuho increased their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Bank of America increased their price objective on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Wells Fargo & Company increased their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.11.

Carnival Co. & Stock Up 0.3 %

Shares of NYSE CCL opened at $27.13 on Tuesday. The stock has a 50 day moving average price of $25.62 and a 200 day moving average price of $21.32. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The firm has a market capitalization of $31.59 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 0.86 and a beta of 2.64. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $28.72.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) earnings per share. Sell-side analysts expect that Carnival Co. & will post 1.77 earnings per share for the current year.

Hedge Funds Weigh In On Carnival Co. &

Hedge funds have recently made changes to their positions in the company. Mizuho Securities USA LLC grew its position in Carnival Co. & by 8,431.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after purchasing an additional 6,566,120 shares during the period. International Assets Investment Management LLC grew its position in Carnival Co. & by 2,400.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock worth $556,280,000 after purchasing an additional 2,889,785 shares during the period. State Street Corp grew its position in Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after purchasing an additional 2,301,906 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Carnival Co. & during the 4th quarter worth about $53,636,000. Finally, Wedge Capital Management L L P NC grew its position in Carnival Co. & by 718.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock worth $53,976,000 after purchasing an additional 1,901,224 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

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.