Barclays Issues Pessimistic Forecast for Carnival Co. & (NYSE:CCL) Stock Price

Carnival Co. & (NYSE:CCL - Get Free Report) had its price objective cut by equities research analysts at Barclays from $32.00 to $26.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target points to a potential upside of 45.37% from the company's previous close.

Several other research analysts have also recently commented on CCL. Mizuho raised their target price on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. Loop Capital decreased their price objective on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Truist Financial upped their price target on Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Friday, January 24th. Citigroup decreased their price objective on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Finally, Morgan Stanley upgraded Carnival Co. & from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $25.00 to $21.00 in a research report on Thursday, April 10th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & presently has a consensus rating of "Moderate Buy" and an average target price of $26.53.

Carnival Co. & Stock Up 3.7 %

NYSE:CCL traded up $0.65 during trading hours on Tuesday, hitting $17.89. 11,746,718 shares of the company's stock traded hands, compared to its average volume of 26,233,488. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & has a twelve month low of $13.78 and a twelve month high of $28.72. The stock's fifty day moving average price is $20.70 and its two-hundred day moving average price is $23.15. The firm has a market cap of $20.87 billion, a P/E ratio of 12.87, a P/E/G ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the company posted ($0.14) EPS. The firm's revenue was up 7.5% on a year-over-year basis. On average, research analysts expect that Carnival Co. & will post 1.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Carnival Co. &

Institutional investors have recently modified their holdings of the business. Hartford Investment Management Co. increased its holdings in Carnival Co. & by 0.6% during the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock worth $1,601,000 after purchasing an additional 387 shares in the last quarter. Prestige Wealth Management Group LLC raised its position in Carnival Co. & by 23.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company's stock valued at $54,000 after buying an additional 408 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its stake in Carnival Co. & by 4.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock valued at $267,000 after acquiring an additional 468 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its position in Carnival Co. & by 3.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock worth $372,000 after acquiring an additional 475 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of Carnival Co. & by 1.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company's stock valued at $1,224,000 after purchasing an additional 521 shares during the last quarter. Institutional investors own 67.19% of the company's stock.

About Carnival Co. &

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.

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