Carnival Co. & plc (NYSE:CCL – Get Free Report)’s share price was up 0.5% during trading on Monday . The stock traded as high as $18.61 and last traded at $18.53. Approximately 4,176,689 shares traded hands during trading, a decline of 86% from the average daily volume of 30,683,027 shares. The stock had previously closed at $18.43.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Barclays raised their target price on shares of Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Mizuho initiated coverage on shares of Carnival Co. & in a research report on Tuesday, March 26th. They issued a “buy” rating and a $21.00 target price for the company. Tigress Financial raised their price target on Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a report on Monday, April 22nd. Finally, Bank of America increased their price objective on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $21.83.
Carnival Co. & Stock Down 0.1 %
The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. The stock’s 50-day moving average price is $16.64 and its two-hundred day moving average price is $16.07. The stock has a market capitalization of $20.67 billion, a PE ratio of 28.62 and a beta of 2.68.
Carnival Co. & (NYSE:CCL – Get Free Report) last posted its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.68 billion. During the same quarter in the prior year, the business posted ($0.31) EPS. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. As a group, analysts expect that Carnival Co. & plc will post 1.18 EPS for the current fiscal year.
Hedge Funds Weigh In On Carnival Co. &
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Richardson Capital Management LLC bought a new position in Carnival Co. & during the 1st quarter valued at about $26,000. Friedenthal Financial bought a new position in Carnival Co. & during the fourth quarter valued at approximately $28,000. ICA Group Wealth Management LLC purchased a new stake in Carnival Co. & in the fourth quarter worth approximately $31,000. BNP Paribas bought a new stake in Carnival Co. & in the 1st quarter worth approximately $32,000. Finally, YHB Investment Advisors Inc. purchased a new stake in Carnival Co. & during the 1st quarter valued at $34,000. 67.19% of the stock is owned by institutional investors.
Carnival Co. & Company Profile
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.