Loop Capital Has Lowered Expectations for Carnival Co. & (NYSE:CCL) Stock Price

Carnival Co. & (NYSE:CCL - Get Free Report) had its price objective cut by equities research analysts at Loop Capital from $25.00 to $21.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. Loop Capital's price target would suggest a potential upside of 5.82% from the company's current price.

Other analysts also recently issued reports about the company. The Goldman Sachs Group raised their target price on Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Wells Fargo & Company upped their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. 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 report on Wednesday, January 8th. Mizuho upped their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Finally, Truist Financial lifted their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $26.89.

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Carnival Co. & Stock Performance

Shares of Carnival Co. & stock opened at $19.85 on Monday. The business has a 50-day moving average price of $23.79 and a two-hundred day moving average price of $23.11. Carnival Co. & has a 1-year low of $13.78 and a 1-year high of $28.72. 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 cap of $23.10 billion, a P/E ratio of 14.28, a PEG ratio of 0.73 and a beta of 2.66.

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

Institutional Trading of Carnival Co. &

Several large investors have recently added to or reduced their stakes in the company. Hartford Investment Management Co. lifted its stake in Carnival Co. & by 0.6% during the fourth 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 boosted its holdings in Carnival Co. & by 23.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company's stock valued at $54,000 after acquiring an additional 408 shares during the period. Avidian Wealth Enterprises LLC grew its position 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 increased its stake in Carnival Co. & by 3.3% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock worth $372,000 after purchasing an additional 475 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of Carnival Co. & by 1.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company's stock worth $1,224,000 after purchasing an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Co. & Company Profile

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.