Loop Capital Begins Coverage on Carnival Co. & (NYSE:CCL)

Loop Capital assumed coverage on shares of Carnival Co. & (NYSE:CCL) in a research report report published on Tuesday morning,Benzinga reports. The firm issued a hold rating and a $25.00 target price on the stock.

A number of other brokerages have also weighed in on CCL. Tigress Financial raised their price target 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. Bank of America raised their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Mizuho raised their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Citigroup raised their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, The Goldman Sachs Group raised their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. One investment 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. According to data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $27.11.

Carnival Co. & Price Performance

NYSE:CCL opened at $27.13 on Tuesday. 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 capitalization of $31.59 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 0.86 and a beta of 2.64. The stock’s 50-day moving average price is $25.62 and its 200-day moving average price is $21.32.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion for 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 quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm earned ($0.07) EPS. As a group, equities analysts expect that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Institutional Trading of Carnival Co. &

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings in shares of Carnival Co. & by 1.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after buying an additional 1,678 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Carnival Co. & by 72.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock worth $53,052,000 after buying an additional 1,204,500 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Carnival Co. & in the 3rd quarter valued at approximately $1,140,000. Commonwealth Equity Services LLC increased its holdings in Carnival Co. & by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock valued at $75,310,000 after purchasing an additional 39,491 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in Carnival Co. & by 10.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock valued at $4,892,000 after purchasing an additional 24,198 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

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.