Carnival (NYSE:CCL) Stock Rating Reaffirmed by William Blair

Carnival (NYSE:CCL)‘s stock had its “hold” rating restated by William Blair in a research note issued on Thursday, TipRanks reports.

CCL has been the subject of several other reports. Wolfe Research downgraded Carnival from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 27th. ValuEngine downgraded Carnival from a “sell” rating to a “strong sell” rating in a research note on Friday. UBS Group downgraded Carnival from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $60.00 to $47.00 in a research note on Friday. Wedbush reduced their price objective on Carnival from $50.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Berenberg Bank downgraded Carnival from a “hold” rating to a “sell” rating and set a $38.00 price objective for the company. in a research note on Friday. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. Carnival currently has a consensus rating of “Hold” and a consensus price target of $53.70.

CCL traded up $0.13 on Thursday, hitting $43.71. 4,733,400 shares of the company traded hands, compared to its average volume of 4,116,811. The company has a 50 day moving average of $45.86 and a 200-day moving average of $49.67. The company has a quick ratio of 0.22, a current ratio of 0.27 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $23.16 billion, a PE ratio of 10.26, a PEG ratio of 1.07 and a beta of 1.09. Carnival has a 12-month low of $42.42 and a 12-month high of $64.77.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Thursday, September 26th. The company reported $2.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.53 by $0.10. The firm had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.18 billion. Carnival had a return on equity of 12.80% and a net margin of 14.93%. On average, research analysts anticipate that Carnival will post 4.27 EPS for the current year.

In other Carnival news, Director Randall J. Weisenburger bought 20,000 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was acquired at an average cost of $46.50 per share, with a total value of $930,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 24.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in Carnival by 4.3% in the 1st quarter. Victory Capital Management Inc. now owns 7,549 shares of the company’s stock worth $383,000 after purchasing an additional 311 shares during the period. Buckingham Capital Management Inc. boosted its stake in Carnival by 6.3% in the 1st quarter. Buckingham Capital Management Inc. now owns 18,255 shares of the company’s stock worth $926,000 after purchasing an additional 1,080 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Carnival by 2.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 28,006 shares of the company’s stock worth $1,420,000 after purchasing an additional 724 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Carnival in the 1st quarter worth approximately $365,000. Finally, First Trust Advisors LP boosted its stake in Carnival by 8.9% in the 1st quarter. First Trust Advisors LP now owns 443,119 shares of the company’s stock worth $22,475,000 after purchasing an additional 36,353 shares during the period. Institutional investors and hedge funds own 75.18% of the company’s stock.

About Carnival

Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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