Carnival Co. & (NYSE:CCL) Trading Down 8.6% – Should You Sell?

Shares of Carnival Co. & plc (NYSE:CCL) fell 8.6% during trading on Thursday . The company traded as low as $23.42 and last traded at $23.85. 14,139,885 shares were traded during mid-day trading, a decline of 26% from the average session volume of 19,194,982 shares. The stock had previously closed at $26.09.

Analyst Ratings Changes

A number of brokerages have recently commented on CCL. Wells Fargo & Company boosted their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Barclays boosted their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Mizuho upped their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Citigroup upped their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. 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 company’s stock. According to MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Price Performance

The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The company’s 50 day moving average is $25.64 and its 200 day moving average is $22.13. The firm has a market capitalization of $26.99 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 0.73 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the prior year, the company posted ($0.07) earnings per share. Carnival Co. &’s revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carnival Co. &

A number of large investors have recently bought and sold shares of CCL. Ashton Thomas Securities LLC acquired a new stake in Carnival Co. & during the third quarter worth about $25,000. Measured Risk Portfolios Inc. acquired a new stake in Carnival Co. & during the fourth quarter worth about $29,000. Crewe Advisors LLC grew its stake in Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after buying an additional 888 shares in the last quarter. Orion Capital Management LLC acquired a new stake in Carnival Co. & during the fourth quarter worth about $30,000. Finally, Assetmark Inc. grew its stake in Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after buying an additional 1,546 shares in the last quarter. 67.19% of the stock is currently 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.