Carnival Co. & plc (NYSE:CCL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Carnival Co. & plc (NYSE:CCL) has been given a consensus rating of “Moderate Buy” by the nineteen brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $27.11.

A number of equities research analysts recently weighed in on CCL shares. The Goldman Sachs Group boosted their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company boosted their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Morgan Stanley boosted their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, January 8th. Citigroup boosted their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Bank of America boosted their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Crewe Advisors LLC boosted its holdings in shares of Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after acquiring an additional 888 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Carnival Co. & during the third quarter valued at approximately $25,000. New Wave Wealth Advisors LLC acquired a new stake in Carnival Co. & during the fourth quarter valued at approximately $34,000. Assetmark Inc. lifted its stake in Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares during the last quarter. Finally, CVA Family Office LLC lifted its stake in Carnival Co. & by 163.9% during the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock opened at $27.46 on Friday. The firm has a market cap of $31.96 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 0.86 and a beta of 2.64. The firm’s 50-day simple moving average is $25.70 and its 200-day simple moving average is $21.42. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $28.72.

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

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.