Carnival Co. & (NYSE:CCL) Raised to Buy at StockNews.com

Carnival Co. & (NYSE:CCL) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

CCL has been the topic of several other research reports. Truist Financial raised their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Barclays increased their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Loop Capital cut their price target on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Monday, March 24th. Wells Fargo & Company increased their price target on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group boosted their price objective on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and an average price target of $26.89.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $19.85 on Thursday. Carnival Co. & has a 52-week low of $13.78 and a 52-week high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The stock has a market cap of $23.10 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. The business has a 50-day simple moving average of $23.79 and a 200-day simple moving average of $23.11.

Carnival Co. & (NYSE:CCL) last announced its quarterly 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. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the previous year, the company posted ($0.14) earnings per share. Carnival Co. &’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities analysts expect that Carnival Co. & will post 1.77 EPS for the current year.

Hedge Funds Weigh In On Carnival Co. &

Institutional investors and hedge funds have recently bought and sold shares of the business. Cerity Partners LLC grew its position in shares of Carnival Co. & by 181.7% in the third quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock valued at $2,288,000 after purchasing an additional 79,857 shares in the last quarter. Swedbank AB grew its holdings in Carnival Co. & by 5.5% in the 3rd quarter. Swedbank AB now owns 250,235 shares of the company’s stock valued at $4,624,000 after buying an additional 13,137 shares in the last quarter. Fisher Asset Management LLC acquired a new stake in shares of Carnival Co. & in the 3rd quarter worth $418,000. Truvestments Capital LLC purchased a new position in shares of Carnival Co. & during the 3rd quarter worth $62,000. Finally, FMR LLC raised its holdings in shares of Carnival Co. & by 3.2% during the 3rd quarter. FMR LLC now owns 3,454,462 shares of the company’s stock worth $63,838,000 after acquiring an additional 107,481 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

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.