Carnival Co. & (NYSE:CCL) Shares Gap Down – Here’s What Happened

Shares of Carnival Co. & plc (NYSE:CCL) gapped down before the market opened on Thursday . The stock had previously closed at $19.61, but opened at $18.32. Carnival Co. & shares last traded at $17.81, with a volume of 9,972,594 shares.

Analyst Ratings Changes

CCL has been the topic of a number of research reports. StockNews.com cut Carnival Co. & from a “buy” rating to a “hold” rating in a research note on Tuesday. Mizuho boosted their price objective on Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. Stifel Nicolaus raised their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, March 24th. Loop Capital lowered their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Monday, March 24th. Finally, Tigress Financial restated a “buy” rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and an average price target of $26.84.

Carnival Co. & Trading Up 0.5 %

The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock’s fifty day moving average price is $21.74 and its two-hundred day moving average price is $23.13. The stock has a market capitalization of $20.64 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42.

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 analysts’ consensus estimates 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 period last year, the firm earned ($0.14) earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

Institutional Investors Weigh In On Carnival Co. &

Several hedge funds have recently made changes to their positions in CCL. Morse Asset Management Inc bought a new stake in shares of Carnival Co. & during the 3rd quarter valued at $46,000. Kovitz Investment Group Partners LLC purchased a new position in Carnival Co. & during the third quarter valued at $657,000. EP Wealth Advisors LLC raised its position in shares of Carnival Co. & by 42.0% in the 3rd quarter. EP Wealth Advisors LLC now owns 23,575 shares of the company’s stock worth $436,000 after purchasing an additional 6,972 shares during the last quarter. Orion Portfolio Solutions LLC bought a new position in Carnival Co. & in the 3rd quarter worth about $260,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in Carnival Co. & by 1.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 295,330 shares of the company’s stock valued at $5,458,000 after purchasing an additional 5,369 shares in the last quarter. 67.19% of the stock is currently 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.