Carnival Co. & plc (NYSE:CCL - Get Free Report) was up 5.6% during mid-day trading on Tuesday . The stock traded as high as $26.58 and last traded at $27.12. Approximately 4,456,623 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 19,223,791 shares. The stock had previously closed at $25.68.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Tigress Financial lifted their target price on Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Monday, October 7th. Morgan Stanley boosted 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. Macquarie raised their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. Truist Financial upped their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Friday. Finally, Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They set a "market perform" rating and a $26.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $27.24.
Check Out Our Latest Analysis on CCL
Carnival Co. & Price Performance
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 stock's fifty day moving average price is $25.35 and its 200-day moving average price is $20.99. The firm has a market cap of $32.02 billion, a PE ratio of 19.96, a P/E/G ratio of 0.80 and a beta of 2.64.
Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the firm earned ($0.07) EPS. As a group, equities analysts forecast that Carnival Co. & plc will post 1.74 EPS for the current fiscal year.
Institutional Trading of Carnival Co. &
Several institutional investors and hedge funds have recently modified their holdings of the business. Ashton Thomas Securities LLC purchased a new position in Carnival Co. & during the third quarter worth $25,000. Crewe Advisors LLC increased its position in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after purchasing an additional 888 shares in the last quarter. Assetmark Inc. raised its stake in Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company's stock valued at $31,000 after purchasing an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in shares of Carnival Co. & during the 4th quarter worth about $34,000. Finally, CVA Family Office LLC grew its holdings in shares of Carnival Co. & by 163.9% during the third quarter. CVA Family Office LLC now owns 1,940 shares of the company's stock worth $36,000 after buying an additional 1,205 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.
About Carnival Co. &
(
Get Free Report)
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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