Carnival Co. & plc (NYSE:CCL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Carnival Co. & plc (NYSE:CCL) has been assigned a consensus recommendation of “Moderate Buy” from the twenty research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and fifteen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $26.89.

Several equities analysts recently issued reports on CCL shares. Truist Financial upped their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 24th. The Goldman Sachs Group increased their price objective on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. StockNews.com upgraded Carnival Co. & from a “hold” rating to a “buy” rating in a research note on Thursday. Citigroup dropped their target price on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Finally, Stifel Nicolaus raised 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, March 24th.

Hedge Funds Weigh In On Carnival Co. &

Large investors have recently bought and sold shares of the business. Measured Risk Portfolios Inc. purchased a new stake in shares of Carnival Co. & in the fourth quarter valued at approximately $29,000. Orion Capital Management LLC acquired a new stake in Carnival Co. & in the 4th quarter valued at $30,000. Crewe Advisors LLC grew its stake in Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after acquiring an additional 888 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in Carnival Co. & in the 4th quarter worth $34,000. Finally, Millstone Evans Group LLC acquired a new position in Carnival Co. & during the fourth quarter worth $34,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of CCL stock opened at $19.85 on Monday. The firm has a market capitalization of $23.10 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.73 and a beta of 2.66. 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 stock’s 50-day simple moving average is $23.79 and its 200-day simple moving average is $23.11. Carnival Co. & has a fifty-two week low of $13.78 and a fifty-two week high of $28.72.

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

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.