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

Carnival Co. & plc (NYSE:CCL) has been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $23.53.

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Bank of America boosted their price target on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Citigroup boosted their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Barclays boosted their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st.

Institutional Trading of Carnival Co. &

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Continuum Advisory LLC raised its position in Carnival Co. & by 22.1% in the 2nd quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock worth $65,000 after purchasing an additional 630 shares during the period. PFG Investments LLC raised its position in Carnival Co. & by 2.8% in the 3rd quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock worth $437,000 after purchasing an additional 641 shares during the period. Texas Permanent School Fund Corp raised its position in Carnival Co. & by 0.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock worth $3,379,000 after purchasing an additional 729 shares during the period. Sequoia Financial Advisors LLC raised its position in Carnival Co. & by 2.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock worth $490,000 after purchasing an additional 737 shares during the period. Finally, Fidelis Capital Partners LLC raised its position in Carnival Co. & by 6.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock worth $232,000 after purchasing an additional 764 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Trading Down 0.4 %

Shares of CCL stock opened at $20.91 on Friday. Carnival Co. & has a 1 year low of $10.95 and a 1 year high of $21.80. The firm has a fifty day moving average price of $17.97 and a 200-day moving average price of $16.67. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The company has a market cap of $23.47 billion, a price-to-earnings ratio of 32.17 and a beta of 2.69.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. Carnival Co. &’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 EPS. As a group, equities analysts predict that Carnival Co. & will post 1.33 earnings per share for the current year.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.