Carnival Co. & plc (NYSE:CCL) Given Average Rating of “Moderate Buy” by Analysts

Shares of Carnival Co. & plc (NYSE:CCL) have earned a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $23.53.

Several brokerages have recently commented on CCL. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Stifel Nicolaus lifted their price objective on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. lifted their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Tigress Financial lifted their price objective 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. Finally, Mizuho lifted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st.

Carnival Co. & Trading Up 0.8 %

Shares of CCL stock opened at $22.10 on Friday. The firm has a 50 day moving average price of $18.45 and a two-hundred day moving average price of $16.86. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $25.51 billion, a PE ratio of 19.73 and a beta of 2.69. Carnival Co. & has a 12-month low of $11.10 and a 12-month high of $22.39.

Carnival Co. & (NYSE:CCL) last announced 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 analysts’ expectations of $7.82 billion. During the same period last year, the firm earned $0.86 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, analysts predict that Carnival Co. & will post 1.33 earnings per share for the current year.

Hedge Funds Weigh In On Carnival Co. &

Several hedge funds and other institutional investors have recently bought and sold shares of CCL. Richardson Capital Management LLC acquired a new position in Carnival Co. & in the first quarter valued at $26,000. Family Firm Inc. acquired a new position in Carnival Co. & in the second quarter valued at $26,000. Hantz Financial Services Inc. acquired a new position in Carnival Co. & in the second quarter valued at $30,000. BNP Paribas acquired a new position in Carnival Co. & in the first quarter valued at $32,000. Finally, CVA Family Office LLC lifted its holdings in Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after buying an additional 1,205 shares during the period. 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.