Carnival Co. & (NYSE:CCL – Get Free Report) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.05 for the period, compared to the consensus EPS estimate of $0.07.
Carnival Co. & Stock Down 1.6 %
Carnival Co. & stock traded down $0.29 during mid-day trading on Monday, hitting $18.25. The company’s stock had a trading volume of 8,158,420 shares, compared to its average volume of 29,673,131. Carnival Co. & has a 52-week low of $10.84 and a 52-week high of $19.74. The firm’s 50 day moving average is $16.59 and its 200 day moving average is $16.23. 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 company has a market cap of $20.48 billion, a PE ratio of 28.52 and a beta of 2.68.
Analyst Ratings Changes
A number of research firms have recently weighed in on CCL. Stifel Nicolaus raised their price target on Carnival Co. & from $25.00 to $27.00 and gave the stock a buy rating in a research note on Friday, September 20th. Hsbc Global Res raised Carnival Co. & to a moderate sell rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. raised their price target on Carnival Co. & from $23.00 to $25.00 and gave the stock an overweight rating in a research note on Wednesday, July 24th. Morgan Stanley raised their price target on Carnival Co. & from $13.50 to $15.00 and gave the stock an underweight rating in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Carnival Co. & from $18.00 to $19.00 and gave the company a hold rating in a research note on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $22.63.
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.
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