Carnival Co. & (NYSE:CCL) Stock Price Down 0.4% - What's Next?

Carnival Co. & plc (NYSE:CCL - Get Free Report) was down 0.4% on Friday . The company traded as low as $20.74 and last traded at $20.82. 3,136,763 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 29,903,207 shares. The stock had previously closed at $20.91.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barclays increased their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Argus raised their price target on Carnival Co. & from $20.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, June 27th. Tigress Financial boosted their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Monday, October 7th. Bank of America increased their price target on Carnival Co. & from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Thursday, June 27th. Finally, Macquarie boosted their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $23.53.

Carnival Co. & Stock Down 0.1 %

The stock has a market capitalization of $23.45 billion, a P/E ratio of 32.15 and a beta of 2.69. The firm's 50-day simple moving average is $18.08 and its 200 day simple moving average is $16.70. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted 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. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business had revenue of $7.90 billion during the quarter, compared to analysts' expectations of $7.82 billion. During the same quarter last year, the company posted $0.86 earnings per share. Carnival Co. &'s quarterly revenue was up 15.2% on a year-over-year basis. As a group, research analysts expect that Carnival Co. & plc will post 1.33 EPS for the current year.

Hedge Funds Weigh In On Carnival Co. &

Several institutional investors and hedge funds have recently made changes to their positions in CCL. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Carnival Co. & in the 2nd quarter valued at $466,838,000. Marshall Wace LLP grew its stake in shares of Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company's stock valued at $193,398,000 after acquiring an additional 8,638,865 shares in the last quarter. Renaissance Technologies LLC increased its position in Carnival Co. & by 43.6% during the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company's stock worth $179,435,000 after acquiring an additional 2,911,100 shares during the period. Dimensional Fund Advisors LP raised its stake in Carnival Co. & by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company's stock worth $109,444,000 after purchasing an additional 473,848 shares in the last quarter. Finally, Earnest Partners LLC grew its position in shares of Carnival Co. & by 12.5% during the 1st quarter. Earnest Partners LLC now owns 4,567,402 shares of the company's stock worth $74,631,000 after purchasing an additional 507,045 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

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.