Carnival Co. & plc (NYSE:CCL – Get Free Report) shares rose 3.9% during mid-day trading on Tuesday . The stock traded as high as $17.26 and last traded at $17.25. Approximately 16,578,641 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 30,180,574 shares. The stock had previously closed at $16.60.
Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. UBS Group raised their price target on shares of Carnival Co. & from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Citigroup boosted their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Bank of America raised their target price on shares of Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Finally, Argus boosted their price target on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average target price of $22.33.
Carnival Co. & Stock Up 2.7 %
The firm’s 50 day simple moving average is $16.76 and its two-hundred day simple moving average is $15.93. The firm has a market cap of $19.13 billion, a price-to-earnings ratio of 26.22 and a beta of 2.68. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99.
Carnival Co. & (NYSE:CCL – Get Free Report) last released its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The company had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.68 billion. During the same period in the previous year, the business earned ($0.31) earnings per share. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. On average, equities analysts forecast that Carnival Co. & plc will post 1.18 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Continuum Advisory LLC increased its stake in shares of Carnival Co. & by 22.1% in the 2nd quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock valued at $65,000 after purchasing an additional 630 shares during the last quarter. GAMMA Investing LLC grew its position in Carnival Co. & by 7.5% in the first quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock valued at $169,000 after acquiring an additional 726 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in Carnival Co. & by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock worth $3,379,000 after acquiring an additional 729 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Carnival Co. & by 2.9% in the second quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock worth $490,000 after acquiring an additional 737 shares during the last quarter. Finally, Fidelis Capital Partners LLC boosted its stake in shares of Carnival Co. & by 6.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock valued at $232,000 after purchasing an additional 764 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.
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.