Loop Capital Has Lowered Expectations for Carnival Co. & (NYSE:CCL) Stock Price

Carnival Co. & (NYSE:CCL) had its target price decreased by stock analysts at Loop Capital from $25.00 to $21.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Loop Capital’s target price suggests a potential downside of 1.18% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company lifted their price target on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Barclays boosted their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Stifel Nicolaus raised their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday. Citigroup boosted their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Finally, Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.72.

Carnival Co. & Stock Performance

Shares of CCL opened at $21.25 on Monday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & has a one year low of $13.78 and a one year high of $28.72. The stock has a market cap of $24.74 billion, a P/E ratio of 15.29, a P/E/G ratio of 0.73 and a beta of 2.66. The stock has a 50-day moving average of $24.07 and a two-hundred day moving average of $23.11.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.14) earnings per share. As a group, research analysts predict that Carnival Co. & will post 1.77 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CCL. PKO Investment Management Joint Stock Co purchased a new position in shares of Carnival Co. & in the 4th quarter valued at about $2,243,000. Centaurus Financial Inc. purchased a new stake in shares of Carnival Co. & during the 4th quarter worth approximately $348,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Carnival Co. & in the 4th quarter valued at $11,249,000. Jefferies Financial Group Inc. purchased a new position in shares of Carnival Co. & in the 4th quarter valued at $353,000. Finally, Advisor Resource Council acquired a new stake in Carnival Co. & during the 4th quarter worth $541,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.