Carnival Co. & plc (NYSE:CCL) Receives $21.61 Consensus Target Price from Analysts

Carnival Co. & plc (NYSE:CCL) has been assigned an average rating of “Moderate Buy” from the nineteen analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and sixteen have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $21.61.

A number of research analysts recently issued reports on CCL shares. Susquehanna restated a “positive” rating and set a $22.00 price target on shares of Carnival Co. & in a research note on Wednesday. The Goldman Sachs Group assumed coverage on Carnival Co. & in a research note on Wednesday, March 13th. They issued a “buy” rating and a $20.00 target price on the stock. Truist Financial decreased their price target on Carnival Co. & from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, May 29th. Wells Fargo & Company lifted their price target on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th.

Institutional Investors Weigh In On Carnival Co. &

Hedge funds and other institutional investors have recently made changes to their positions in the business. Richardson Capital Management LLC purchased a new stake in shares of Carnival Co. & in the first quarter valued at $26,000. Friedenthal Financial purchased a new stake in Carnival Co. & during the fourth quarter valued at about $28,000. Hanseatic Management Services Inc. purchased a new stake in Carnival Co. & during the third quarter valued at about $30,000. ICA Group Wealth Management LLC purchased a new stake in Carnival Co. & during the fourth quarter valued at about $31,000. Finally, BNP Paribas purchased a new stake in Carnival Co. & during the first quarter valued at about $32,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

CCL opened at $18.37 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27. The firm has a market cap of $20.62 billion, a price-to-earnings ratio of 28.26 and a beta of 2.57. The stock’s 50-day moving average price is $15.38 and its 200 day moving average price is $16.10. Carnival Co. & has a 12-month low of $10.84 and a 12-month high of $19.74.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. The company had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a return on equity of 15.20% and a net margin of 3.86%. Carnival Co. &’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.31) EPS. As a group, sell-side analysts expect that Carnival Co. & will post 1.18 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.