William Blair Reaffirms Outperform Rating for Carnival Co. & (NYSE:CCL)

Carnival Co. & (NYSE:CCL)‘s stock had its “outperform” rating reissued by stock analysts at William Blair in a research report issued to clients and investors on Monday,RTT News reports.

CCL has been the subject of a number of other research reports. Wells Fargo & Company upped their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Bank of America upped their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Morgan Stanley upped their target price on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Sanford C. Bernstein assumed coverage on Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective for the company. Finally, Mizuho increased their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Trading Up 0.0 %

NYSE:CCL opened at $19.09 on Monday. The company has a market capitalization of $22.22 billion, a P/E ratio of 13.73, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The stock’s 50 day moving average price is $24.83 and its 200 day moving average price is $22.82. Carnival Co. & has a 52 week low of $13.78 and a 52 week high of $28.72.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) earnings per share. On average, research analysts forecast that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hartford Investment Management Co. lifted its position in Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock worth $1,601,000 after purchasing an additional 387 shares during the period. Prestige Wealth Management Group LLC raised its stake in Carnival Co. & by 23.1% during the fourth quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company’s stock worth $54,000 after acquiring an additional 408 shares in the last quarter. Encompass Wealth Advisors LLC raised its stake in Carnival Co. & by 2.9% during the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after acquiring an additional 451 shares in the last quarter. Avidian Wealth Enterprises LLC raised its stake in Carnival Co. & by 4.6% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock worth $267,000 after acquiring an additional 468 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC raised its stake in Carnival Co. & by 3.3% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock worth $372,000 after acquiring an additional 475 shares in the last quarter. 67.19% of the stock is owned by institutional investors.

About Carnival Co. &

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.