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

Carnival Co. & plc (NYSE:CCL) has earned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and sixteen have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $22.33.

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Argus upped their price objective on shares of Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research note on Monday, April 22nd. UBS Group boosted their target price on shares of Carnival Co. & from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCL. Prime Capital Investment Advisors LLC raised its holdings in Carnival Co. & by 25.9% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 16,566 shares of the company’s stock worth $307,000 after purchasing an additional 3,406 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Carnival Co. & by 1.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 147,632 shares of the company’s stock valued at $2,737,000 after acquiring an additional 1,521 shares during the period. Nisa Investment Advisors LLC increased its holdings in Carnival Co. & by 59.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 173,086 shares of the company’s stock worth $3,209,000 after acquiring an additional 64,266 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Carnival Co. & by 69.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 36,887 shares of the company’s stock worth $684,000 after acquiring an additional 15,109 shares during the period. Finally, Cerity Partners LLC purchased a new position in Carnival Co. & during the fourth quarter valued at $330,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

CCL opened at $15.46 on Friday. The firm has a market capitalization of $17.35 billion, a PE ratio of 23.78 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The business’s 50-day moving average is $16.80 and its two-hundred day moving average is $15.94. Carnival Co. & has a 1 year low of $10.84 and a 1 year high of $19.74.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.68 billion. During the same quarter in the previous year, the firm earned ($0.31) EPS. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. Research analysts anticipate that Carnival Co. & 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.