Carnival Co. & (NYSE:CCL) Shares Gap Down - What's Next?

Carnival Co. & plc (NYSE:CCL - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $21.20, but opened at $20.39. Carnival Co. & shares last traded at $20.38, with a volume of 13,355,825 shares traded.

Wall Street Analyst Weigh In

Several research firms have commented on CCL. Citigroup decreased their price objective on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Monday. Wells Fargo & Company lifted their price target on Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Morgan Stanley upped their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a research note on Wednesday, January 8th. Mizuho lifted their target price on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Stifel Nicolaus increased their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Carnival Co. & has an average rating of "Moderate Buy" and a consensus target price of $26.72.

Carnival Co. & Trading Down 0.9 %

The stock has a market cap of $24.74 billion, a PE ratio of 15.29, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The firm has a 50-day simple moving average of $24.07 and a 200-day simple moving average of $23.11.

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Carnival Co. & (NYSE:CCL - Get Free Report) last issued its earnings results on Friday, March 21st. The company reported $0.13 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 business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the company earned ($0.14) EPS. The firm's revenue was up 7.5% compared to the same quarter last year. Equities analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Institutional Trading of Carnival Co. &

Hedge funds and other institutional investors have recently bought and sold shares of the company. Measured Risk Portfolios Inc. purchased a new position in shares of Carnival Co. & during the 4th quarter valued at $29,000. Crewe Advisors LLC boosted its stake in Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after buying an additional 888 shares during the period. Orion Capital Management LLC purchased a new position in Carnival Co. & during the fourth quarter worth about $30,000. New Wave Wealth Advisors LLC bought a new position in Carnival Co. & in the 4th quarter worth about $34,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Carnival Co. & in the 4th quarter valued at about $34,000. 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.