Carnival Co. & plc (NYSE:CCL - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $19.61, but opened at $18.32. Carnival Co. & shares last traded at $17.81, with a volume of 9,972,594 shares traded.
Analyst Ratings Changes
Several brokerages recently issued reports on CCL. Barclays lifted their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Monday, December 23rd. Wells Fargo & Company boosted their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Truist Financial raised their price target on Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a report on Friday, January 24th. BNP Paribas started coverage on Carnival Co. & in a research note on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price objective on the stock. Finally, StockNews.com lowered Carnival Co. & from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $26.84.
Check Out Our Latest Report on CCL
Carnival Co. & Price Performance
The company has a 50-day moving average of $21.74 and a 200-day moving average 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. The firm has a market capitalization of $20.78 billion, a price-to-earnings ratio of 12.81, 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 quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate 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%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.14) earnings per share. As a group, research analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. FMR LLC boosted its position in Carnival Co. & by 186.6% during the 4th quarter. FMR LLC now owns 9,898,906 shares of the company's stock worth $246,681,000 after acquiring an additional 6,444,444 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of 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 purchasing an additional 5,761,489 shares in the last quarter. Vanguard Group Inc. grew its position in Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after purchasing an additional 4,458,329 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Carnival Co. & in the 4th quarter valued at $100,845,000. Finally, AQR Capital Management LLC lifted its position in Carnival Co. & by 228.8% during the 4th quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company's stock worth $116,857,000 after buying an additional 3,263,204 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.
Carnival Co. & Company Profile
(
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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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