Carnival Co. & plc (NYSE:CCL) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Carnival Co. & plc (NYSE:CCL - Get Free Report) have received an average rating of "Moderate Buy" from the twenty analysts that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $26.53.

CCL has been the topic of a number of recent research reports. Morgan Stanley upgraded shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and dropped their price objective for the company from $25.00 to $21.00 in a research note on Thursday, April 10th. Loop Capital dropped their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Monday, March 24th. StockNews.com upgraded shares of Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. Stifel Nicolaus boosted their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. Finally, Citigroup dropped their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, March 24th.

Institutional Trading of Carnival Co. &

Several large investors have recently modified their holdings of CCL. Measured Risk Portfolios Inc. purchased a new stake in Carnival Co. & in the 4th quarter worth approximately $29,000. Crewe Advisors LLC boosted its holdings in shares of Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after purchasing an additional 888 shares during the last quarter. Orion Capital Management LLC acquired a new stake in shares of Carnival Co. & during the fourth quarter worth $30,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Carnival Co. & during the fourth quarter worth $34,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Carnival Co. & during the fourth quarter worth $34,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Stock Performance

CCL traded up $0.91 on Friday, reaching $18.89. The company had a trading volume of 7,472,220 shares, compared to its average volume of 24,700,332. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $28.72. The stock has a market capitalization of $22.04 billion, a PE ratio of 13.59, a P/E/G ratio of 0.73 and a beta of 2.42. 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 stock has a 50-day moving average price of $20.54 and a 200-day moving average price of $23.11.

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

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.