Carnival Co. & (NYSE:CCL) Upgraded at StockNews.com

StockNews.com upgraded shares of Carnival Co. & (NYSE:CCL) from a hold rating to a buy rating in a report published on Thursday morning.

A number of other equities analysts have also recently issued reports on CCL. Morgan Stanley increased their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Loop Capital reduced their price objective on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Monday, March 24th. BNP Paribas began coverage on Carnival Co. & in a research report on Thursday. They set an “outperform” rating and a $26.00 target price on the stock. Stifel Nicolaus lifted their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, March 24th. Finally, The Goldman Sachs Group upped their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.89.

Carnival Co. & Stock Down 4.5 %

Shares of Carnival Co. & stock opened at $19.85 on Thursday. The stock’s 50-day moving average is $23.79 and its 200 day moving average is $23.16. Carnival Co. & has a one year low of $13.78 and a one year high of $28.72. The firm has a market cap of $23.15 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. During the same period in the prior year, the business earned ($0.14) EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts anticipate that Carnival Co. & will post 1.77 EPS for the current year.

Hedge Funds Weigh In On Carnival Co. &

Several institutional investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC grew its position in shares of Carnival Co. & by 181.7% during the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock valued at $2,288,000 after acquiring an additional 79,857 shares during the period. Swedbank AB lifted its stake in Carnival Co. & by 5.5% in the third quarter. Swedbank AB now owns 250,235 shares of the company’s stock valued at $4,624,000 after purchasing an additional 13,137 shares during the last quarter. Fisher Asset Management LLC bought a new position in Carnival Co. & during the third quarter valued at $418,000. Truvestments Capital LLC purchased a new stake in Carnival Co. & in the third quarter worth $62,000. Finally, FMR LLC raised its stake in shares of Carnival Co. & by 3.2% in the third quarter. FMR LLC now owns 3,454,462 shares of the company’s stock valued at $63,838,000 after buying an additional 107,481 shares during the period. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Company Profile

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.