Carnival Co. & (NYSE:CCL) Shares Down 0.1% - What's Next?

Carnival Co. & plc (NYSE:CCL - Get Free Report)'s share price fell 0.1% during trading on Thursday . The stock traded as low as $20.90 and last traded at $20.97. 4,059,151 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 29,975,041 shares. The stock had previously closed at $21.00.

Wall Street Analyst Weigh In

CCL has been the subject of a number of research reports. Barclays lifted their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Tigress Financial boosted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a "buy" rating in a report on Monday, October 7th. Macquarie increased 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. Stifel Nicolaus lifted their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Finally, Truist Financial increased their price target on Carnival Co. & from $17.00 to $20.00 and gave the stock a "hold" rating in a research report on Tuesday, July 23rd. One equities research 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.53.

Carnival Co. & Trading Down 0.4 %

The firm's 50-day simple moving average is $17.97 and its 200-day simple moving average is $16.67. The firm has a market capitalization of $23.47 billion, a PE ratio of 32.17 and a beta of 2.69. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10.

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

Institutional Investors Weigh In On Carnival Co. &

Several hedge funds have recently added to or reduced their stakes in CCL. Continuum Advisory LLC raised its position in Carnival Co. & by 22.1% in the 2nd quarter. Continuum Advisory LLC now owns 3,480 shares of the company's stock worth $65,000 after buying an additional 630 shares during the last quarter. PFG Investments LLC raised its holdings in shares of Carnival Co. & by 2.8% during the third quarter. PFG Investments LLC now owns 23,659 shares of the company's stock valued at $437,000 after purchasing an additional 641 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of Carnival Co. & by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company's stock valued at $3,379,000 after purchasing an additional 729 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Carnival Co. & by 2.9% during the second quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company's stock valued at $490,000 after purchasing an additional 737 shares during the period. Finally, Fidelis Capital Partners LLC boosted its holdings in Carnival Co. & by 6.6% in the second quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company's stock worth $232,000 after purchasing an additional 764 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

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.