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

Carnival Co. & plc (NYSE:CCLGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $23.53.

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Bank of America boosted their price target on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Citigroup boosted their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Barclays boosted their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st.

Read Our Latest Stock Analysis on CCL

Institutional Trading of Carnival Co. &

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Continuum Advisory LLC raised its position in Carnival Co. & by 22.1% in the 2nd quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock worth $65,000 after purchasing an additional 630 shares during the period. PFG Investments LLC raised its position in Carnival Co. & by 2.8% in the 3rd quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock worth $437,000 after purchasing an additional 641 shares during the period. Texas Permanent School Fund Corp raised its position in Carnival Co. & by 0.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock worth $3,379,000 after purchasing an additional 729 shares during the period. Sequoia Financial Advisors LLC raised its position in Carnival Co. & by 2.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock worth $490,000 after purchasing an additional 737 shares during the period. Finally, Fidelis Capital Partners LLC raised its position in Carnival Co. & by 6.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock worth $232,000 after purchasing an additional 764 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Trading Down 0.4 %

Shares of CCL stock opened at $20.91 on Friday. Carnival Co. & has a 1 year low of $10.95 and a 1 year high of $21.80. The firm has a fifty day moving average price of $17.97 and a 200-day moving average price of $16.67. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The company has a market cap of $23.47 billion, a price-to-earnings ratio of 32.17 and a beta of 2.69.

Carnival Co. & (NYSE:CCLGet Free Report) last issued its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. Carnival Co. &’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 EPS. As a group, equities analysts predict that Carnival Co. & will post 1.33 earnings per share for the current year.

Carnival Co. & Company Profile

(Get Free Report

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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Analyst Recommendations for Carnival Co. & (NYSE:CCL)

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