Carnival Co. & (NYSE:CCL) Upgraded to Moderate Sell by Hsbc Global Res

Hsbc Global Res upgraded shares of Carnival Co. & (NYSE:CCL) to a moderate sell rating in a research note released on Tuesday morning, Zacks.com reports.

A number of other analysts have also issued reports on CCL. Susquehanna restated a positive rating and set a $22.00 target price on shares of Carnival Co. & in a research report on Wednesday, June 26th. UBS Group raised their target price on shares of Carnival Co. & from $20.00 to $21.00 and gave the stock a buy rating in a research report on Tuesday, May 14th. Argus raised their target price on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a buy rating in a research report on Thursday, June 27th. Citigroup increased their price target on shares of Carnival Co. & from $18.00 to $22.00 and gave the stock a buy rating in a research note on Wednesday, June 26th. Finally, Truist Financial increased their price target on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a hold rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Carnival Co. & currently has a consensus rating of Moderate Buy and a consensus price target of $22.33.

Carnival Co. & Stock Down 3.0 %

CCL stock opened at $15.67 on Tuesday. The company’s 50 day simple moving average is $16.63 and its 200-day simple moving average is $16.00. The firm has a market capitalization of $17.59 billion, a PE ratio of 24.11 and a beta of 2.68. Carnival Co. & has a 12 month low of $10.84 and a 12 month high of $19.74. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.12. The business had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.31) earnings per share. Equities analysts expect that Carnival Co. & will post 1.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carnival Co. &

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TCW Group Inc. acquired a new position in Carnival Co. & during the 4th quarter worth $280,000. Empowered Funds LLC grew its holdings in Carnival Co. & by 29.4% during the 1st quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock worth $269,000 after acquiring an additional 3,741 shares in the last quarter. Merit Financial Group LLC grew its holdings in Carnival Co. & by 29.4% during the 4th quarter. Merit Financial Group LLC now owns 12,956 shares of the company’s stock worth $240,000 after acquiring an additional 2,944 shares in the last quarter. AGF Management Ltd. acquired a new position in Carnival Co. & during the 4th quarter worth $435,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Carnival Co. & by 72.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock valued at $4,223,000 after buying an additional 103,501 shares during the period. Hedge funds and other institutional investors 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.