Carnival Co. & (NYSE:CCL) Sets New 1-Year High - Should You Buy?

Carnival Co. & plc (NYSE:CCL - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $22.39 and last traded at $22.14, with a volume of 4117831 shares traded. The stock had previously closed at $20.91.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Hsbc Global Res upgraded Carnival Co. & to a "moderate sell" rating in a research note on Tuesday, September 3rd. Truist Financial upped their price target on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a "hold" rating in a report on Tuesday, July 23rd. Morgan Stanley raised their price objective on Carnival Co. & from $15.00 to $16.50 and gave the company an "underweight" rating in a report on Tuesday, October 1st. Mizuho increased their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday, October 1st. Finally, Tigress Financial boosted their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $23.53.

Carnival Co. & Stock Performance

The firm has a fifty day moving average price of $18.19 and a 200 day moving average price of $16.76. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The firm has a market cap of $24.60 billion, a PE ratio of 32.17 and a beta of 2.69.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.10. The company had revenue of $7.90 billion for the quarter, compared to analysts' expectations of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm's revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. As a group, equities research analysts expect that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Institutional Trading of Carnival Co. &

Large investors have recently made changes to their positions in the company. Family Firm Inc. purchased a new stake in Carnival Co. & in the 2nd quarter valued at approximately $26,000. Hantz Financial Services Inc. acquired a new position in shares of Carnival Co. & during the 2nd quarter worth $30,000. BNP Paribas purchased a new stake in shares of Carnival Co. & in the first quarter valued at about $32,000. CVA Family Office LLC increased its position in 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. Finally, ORG Partners LLC acquired a new position in shares of Carnival Co. & in the second quarter valued at approximately $37,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Company Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.