Carnival Co. & (NYSE:CCL) Shares Gap Down – Here’s What Happened

Carnival Co. & plc (NYSE:CCL)’s share price gapped down prior to trading on Friday . The stock had previously closed at $21.20, but opened at $20.39. Carnival Co. & shares last traded at $20.38, with a volume of 13,355,825 shares trading hands.

Analysts Set New Price Targets

CCL has been the subject of several research analyst reports. Mizuho upped their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Sanford C. Bernstein started 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. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Loop Capital began coverage on Carnival Co. & in a research note on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price objective on the stock. Finally, The Goldman Sachs Group raised their target price on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Stock Down 0.1 %

The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The company has a market capitalization of $24.65 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 0.73 and a beta of 2.66. The firm has a 50-day moving average price of $24.25 and a two-hundred day moving average price of $22.91.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the prior year, the company posted ($0.14) earnings per share. Carnival Co. &’s revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Institutional Trading of Carnival Co. &

Institutional investors and hedge funds have recently bought and sold shares of the business. Measured Risk Portfolios Inc. bought a new stake in Carnival Co. & in the fourth quarter valued at approximately $29,000. Orion Capital Management LLC acquired a new stake in Carnival Co. & during the fourth quarter worth approximately $30,000. Crewe Advisors LLC grew its position in Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after buying an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new stake in Carnival Co. & during the fourth quarter worth approximately $34,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Carnival Co. & in the 4th quarter valued at $34,000. 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.