Loop Capital Initiates Coverage on Carnival Co. & (NYSE:CCL)

Stock analysts at Loop Capital assumed coverage on shares of Carnival Co. & (NYSE:CCL) in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm set a “hold” rating and a $25.00 price target on the stock. Loop Capital’s target price would indicate a potential downside of 7.86% from the stock’s previous close.

Several other equities analysts also recently commented on CCL. Truist Financial upped their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Wells Fargo & Company lifted their price objective on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. The Goldman Sachs Group raised their price target on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Citigroup upped their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, Mizuho lifted their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Trading Up 0.3 %

Shares of NYSE:CCL traded up $0.08 on Tuesday, reaching $27.13. 18,268,511 shares of the company traded hands, compared to its average volume of 21,514,457. The stock has a market capitalization of $31.59 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 0.86 and a beta of 2.64. The business’s 50-day simple moving average is $25.62 and its 200 day simple moving average is $21.32. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & has a 52 week low of $13.78 and a 52 week high of $28.72.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion for 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%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.07) EPS. As a group, equities analysts anticipate that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Carnival Co. &

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund grew its stake in shares of Carnival Co. & by 153.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock valued at $8,386,000 after purchasing an additional 203,710 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Carnival Co. & in the fourth quarter worth about $53,636,000. Bank of New York Mellon Corp raised its stake in shares of Carnival Co. & by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company’s stock worth $145,571,000 after buying an additional 19,768 shares during the period. IFP Advisors Inc lifted its position in shares of Carnival Co. & by 26.3% during the 4th quarter. IFP Advisors Inc now owns 7,599 shares of the company’s stock valued at $189,000 after buying an additional 1,580 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Carnival Co. & during the 4th quarter valued at approximately $52,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

About Carnival Co. &

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.