Carnival Co. & plc (NYSE:CCL) Receives $22.33 Average PT from Analysts

Shares of Carnival Co. & plc (NYSE:CCL) have been assigned an average recommendation of “Moderate Buy” from the nineteen ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and sixteen have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $22.33.

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company upped their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Morgan Stanley increased their price objective on Carnival Co. & from $13.50 to $15.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Bank of America boosted their target price on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Citigroup increased their price target on Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, Truist Financial boosted their price objective on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently modified their holdings of CCL. Continuum Advisory LLC increased its position in shares of Carnival Co. & by 22.1% in the second quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock valued at $65,000 after buying an additional 630 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Carnival Co. & by 10.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 7,341 shares of the company’s stock worth $136,000 after acquiring an additional 689 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Carnival Co. & by 7.5% in the first quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock valued at $169,000 after purchasing an additional 726 shares in the last quarter. Texas Permanent School Fund Corp grew its position in shares of Carnival Co. & by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock valued at $3,379,000 after purchasing an additional 729 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Carnival Co. & by 2.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock worth $490,000 after purchasing an additional 737 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Down 1.8 %

Shares of NYSE CCL opened at $15.46 on Friday. The business has a 50-day moving average price of $16.80 and a 200 day moving average price of $15.94. The stock has a market cap of $17.35 billion, a PE ratio of 23.78 and a beta of 2.68. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. Carnival Co. & has a 52-week low of $10.84 and a 52-week high of $19.74.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.12. The business had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company’s revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.31) earnings per share. Equities research analysts forecast that Carnival Co. & will post 1.18 earnings per share for the current year.

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.