Carnival Co. & plc (NYSE:CCL) Receives $27.24 Consensus PT from Analysts

Shares of Carnival Co. & plc (NYSE:CCL) have been assigned an average recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $27.11.

CCL has been the topic of several analyst reports. Loop Capital initiated coverage on shares of Carnival Co. & in a report on Tuesday. They issued a “hold” rating and a $25.00 target price on the stock. Wells Fargo & Company raised their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Stifel Nicolaus boosted their target price on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Bank of America raised their price target on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Sanford C. Bernstein initiated coverage on Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective for the company.

Carnival Co. & Stock Performance

NYSE:CCL opened at $27.13 on Friday. Carnival Co. & has a 52 week low of $13.78 and a 52 week high of $28.72. The company has a fifty day simple moving average of $25.62 and a two-hundred day simple moving average of $21.32. 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 has a market cap of $31.59 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 0.86 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. The firm 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%. Carnival Co. &’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) EPS. As a group, equities analysts anticipate that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

Institutional Trading of Carnival Co. &

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCL. Mizuho Securities USA LLC increased its holdings in shares of Carnival Co. & by 8,431.1% in the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after purchasing an additional 6,566,120 shares during the period. International Assets Investment Management LLC grew its position in Carnival Co. & by 2,400.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock valued at $556,280,000 after buying an additional 2,889,785 shares during the last quarter. State Street Corp increased its stake in Carnival Co. & by 5.9% in the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after buying an additional 2,301,906 shares during the period. Los Angeles Capital Management LLC purchased a new position in Carnival Co. & during the 4th quarter worth $53,636,000. Finally, Wedge Capital Management L L P NC lifted its stake in shares of Carnival Co. & by 718.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock worth $53,976,000 after acquiring an additional 1,901,224 shares during the period. 67.19% of the stock is owned by hedge funds and other 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.