Carnival Co. & plc (NYSE:CCL) Given Average Rating of “Moderate Buy” by Analysts

Carnival Co. & plc (NYSE:CCL) has earned a consensus rating of “Moderate Buy” from the nineteen brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $27.11.

CCL has been the topic of a number of recent research reports. The Goldman Sachs Group upped their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Barclays upped their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Truist Financial lifted their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Citigroup increased their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Finally, Morgan Stanley raised their price objective on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th.

Institutional Trading of Carnival Co. &

A number of institutional investors have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Carnival Co. & during the fourth quarter worth approximately $11,249,000. Jefferies Financial Group Inc. acquired a new position in shares of Carnival Co. & during the 4th quarter valued at $353,000. Advisor Resource Council purchased a new stake in Carnival Co. & during the 4th quarter worth $541,000. Forum Financial Management LP increased its holdings in Carnival Co. & by 12.7% in the 4th quarter. Forum Financial Management LP now owns 22,611 shares of the company’s stock valued at $563,000 after purchasing an additional 2,551 shares in the last quarter. Finally, Toronto Dominion Bank increased its holdings in Carnival Co. & by 4.8% in the 4th quarter. Toronto Dominion Bank now owns 584,639 shares of the company’s stock valued at $14,569,000 after purchasing an additional 26,828 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

CCL stock opened at $23.26 on Thursday. The stock’s 50 day moving average price is $25.40 and its 200 day moving average price is $22.61. The firm has a market cap of $27.08 billion, a P/E ratio of 16.73, a PEG ratio of 0.73 and a beta of 2.64. 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 1 year low of $13.78 and a 1 year high of $28.72.

Carnival Co. & (NYSE:CCL) last released its quarterly 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 analysts’ expectations of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) earnings per share. On average, sell-side analysts expect that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

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.