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

Shares of Carnival Co. & plc (NYSE:CCL - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $26.89.

Several research analysts have recently issued reports on the company. Barclays raised their price objective on Carnival Co. & from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Monday, December 23rd. 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. Loop Capital cut their price objective 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. Mizuho raised their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Morgan Stanley upped their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a report on Wednesday, January 8th.

Carnival Co. & Stock Down 0.6 %

NYSE CCL traded down $0.14 during trading on Monday, reaching $20.80. 13,834,518 shares of the company's stock traded hands, compared to its average volume of 25,982,732. Carnival Co. & has a 12-month low of $13.78 and a 12-month high of $28.72. The company's 50 day simple moving average is $23.99 and its two-hundred day simple moving average is $23.10. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The firm has a market cap of $24.21 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66.

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

Hedge Funds Weigh In On Carnival Co. &

Several hedge funds and other institutional investors have recently modified their holdings of the business. Measured Risk Portfolios Inc. purchased a new position in Carnival Co. & during the fourth quarter worth approximately $29,000. Orion Capital Management LLC acquired a new stake in Carnival Co. & during the fourth quarter worth about $30,000. Crewe Advisors LLC raised 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 worth $30,000 after purchasing an additional 888 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in shares of Carnival Co. & in the 4th quarter valued at approximately $34,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Carnival Co. & during the 4th quarter worth approximately $34,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

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.