Carnival Co. & (NYSE:CCL) Rating Lowered to "Hold" at StockNews.com

Carnival Co. & (NYSE:CCL - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Tuesday.

Several other analysts have also commented on CCL. Stifel Nicolaus raised their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a report on Monday, March 24th. Morgan Stanley lifted their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a research note on Wednesday, January 8th. Mizuho upped their price objective on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. Truist Financial lifted their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Friday, January 24th. Finally, William Blair restated an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.84.

Carnival Co. & Stock Performance

Carnival Co. & stock traded up $0.10 during mid-day trading on Tuesday, hitting $17.70. The company had a trading volume of 18,733,314 shares, compared to its average volume of 26,413,808. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $20.64 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 0.73 and a beta of 2.42. The company's fifty day moving average is $21.74 and its 200-day moving average is $23.16. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $28.72.

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

Institutional Investors Weigh In On Carnival Co. &

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its holdings in Carnival Co. & by 186.6% in the 4th quarter. FMR LLC now owns 9,898,906 shares of the company's stock valued at $246,681,000 after purchasing an additional 6,444,444 shares during the last quarter. Nuveen Asset Management LLC grew its position in Carnival Co. & by 33.7% in the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock worth $569,423,000 after acquiring an additional 5,761,489 shares during the period. Vanguard Group Inc. increased its stake in Carnival Co. & by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock worth $2,918,022,000 after acquiring an additional 4,458,329 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in Carnival Co. & in the fourth quarter valued at $100,845,000. Finally, AQR Capital Management LLC lifted its stake in shares of Carnival Co. & by 228.8% in the 4th quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company's stock valued at $116,857,000 after purchasing an additional 3,263,204 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

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.