Carnival Co. & (NYSE:CCL) Trading Up 0.3% on Analyst Upgrade

Carnival Co. & plc (NYSE:CCL) was up 0.3% on Thursday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $18.00 to $19.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Carnival Co. & traded as high as $18.66 and last traded at $18.43. Approximately 13,132,753 shares were traded during trading, a decline of 58% from the average daily volume of 31,260,223 shares. The stock had previously closed at $18.37.

A number of other equities research analysts have also recently commented on the stock. Citigroup increased their price target on shares of Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company increased their price target on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 17th. JPMorgan Chase & Co. increased their price target on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Macquarie increased their price target on shares of Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, Stifel Nicolaus cut their price target on shares of Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.61.

Institutional Trading of Carnival Co. &

Several institutional investors and hedge funds have recently modified their holdings of the company. Keynote Financial Services LLC bought a new stake in shares of Carnival Co. & during the 1st quarter valued at $349,000. EverSource Wealth Advisors LLC increased its holdings in shares of Carnival Co. & by 5,317.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 112,259 shares of the company’s stock worth $1,834,000 after buying an additional 110,187 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Carnival Co. & by 72.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock worth $4,223,000 after buying an additional 103,501 shares during the last quarter. Tactive Advisors LLC bought a new stake in shares of Carnival Co. & in the 1st quarter worth about $232,000. Finally, Goldentree Asset Management LP bought a new position in Carnival Co. & during the 1st quarter valued at about $31,917,000. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Price Performance

The company has a market capitalization of $20.70 billion, a P/E ratio of 28.35 and a beta of 2.57. The firm’s fifty day moving average is $15.38 and its 200 day moving average is $16.10. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. The business had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.20%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.31) EPS. As a group, analysts predict that Carnival Co. & plc will post 1.18 earnings per share for the current fiscal year.

About Carnival Co. &

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.