Carnival Co. & (NYSE:CCL) Stock Rating Upgraded by Morgan Stanley

Carnival Co. & (NYSE:CCL - Get Free Report) was upgraded by equities research analysts at Morgan Stanley from an "underweight" rating to an "equal weight" rating in a research report issued on Thursday, MarketBeat reports. The brokerage presently has a $21.00 price target on the stock, down from their prior price target of $25.00. Morgan Stanley's price target indicates a potential upside of 18.51% from the company's previous close.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company raised their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. BNP Paribas started coverage on Carnival Co. & in a research note on Thursday, March 27th. They issued an "outperform" rating and a $26.00 target price on the stock. Citigroup decreased their price target on Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a report on Monday, March 24th. Tigress Financial reaffirmed a "buy" rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Finally, Truist Financial increased their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, January 24th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $26.84.

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Carnival Co. & Stock Up 0.5 %

CCL stock traded up $0.08 on Thursday, hitting $17.72. 12,324,522 shares of the company's stock were exchanged, compared to its average volume of 26,359,454. The firm has a 50 day moving average price of $21.74 and a two-hundred day moving average price of $23.16. 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 12-month low of $13.78 and a 12-month high of $28.72. The stock has a market cap of $20.67 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42.

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

Institutional Investors Weigh In On Carnival Co. &

Several large investors have recently added to or reduced their stakes in CCL. Hartford Investment Management Co. raised its stake in shares of Carnival Co. & by 0.6% during the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock valued at $1,601,000 after purchasing an additional 387 shares in the last quarter. Prestige Wealth Management Group LLC increased its holdings in shares of 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 purchasing an additional 408 shares during the period. Avidian Wealth Enterprises LLC increased 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 worth $267,000 after purchasing an additional 468 shares during the last quarter. Sound View Wealth Advisors Group LLC lifted its stake in shares of Carnival Co. & by 3.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock valued at $372,000 after purchasing an additional 475 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its position 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 period. 67.19% of the stock is 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.