Carnival Co. & (NYSE:CCL – Free Report) Morgan Stanley raised its price target to $15.00 from $13.50 in a report published Wednesday morning, Benzinga reports. Morgan Stanley currently has an “underweight” rating on the stock.
Other equities analysts have also recently issued research reports on the company. Argus raised their price target on Carnival Co. & from $20.00 to $25.00 and gave the company a buy rating in a report on Thursday, June 27th. JPMorgan Chase & Co. raised their price target on Carnival Co. & from $23.00 to $25.00 and gave the company an overweight rating in a report on Wednesday, July 24th. Truist Financial raised their price target on Carnival Co. & from $17.00 to $20.00 and gave the company a hold rating in a report on Tuesday, July 23rd. William Blair reiterated an outperform rating on shares of Carnival Co. & in a report on Monday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Carnival Co. & from $18.00 to $19.00 and gave the company a hold rating in a report on Wednesday, June 26. One equities analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $22.33.
Read our latest research report on Carnival Co. &
Carnival Co. & Price History
NYSE CCL shares opened at $14.77 on Wednesday. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The stock has a 50-day moving average price of $16.96 and a 200-day moving average price of $15.98. Carnival Co. & has a 1-year low of $10.84 and a 1-year high of $19.74. The company has a market cap of $16.58 billion, a P/E ratio of 22.72 and a beta of 2.68.
Carnival Co. & (NYSE:CCL – Get Free Report) last released its quarterly earnings results on Tuesday, June 25. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company posted revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.68 billion. During the same period last year, the company posted earnings per share of ($0.31). The company’s revenue for the quarter increased 17.7% year-over-year. Sell-side analysts forecast that Carnival Co. & will report earnings per share of $1.18 for the current year.
Institutional trading of Carnival Co. &
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Family Firm Inc. acquired a new stake in Carnival Co. & in the 2nd quarter valued at about $26,000. Friedenthal Financial acquired a new stake in Carnival Co. & in the 4th quarter valued at about $28,000. Hantz Financial Services Inc. acquired a new stake in Carnival Co. & in the 2nd quarter valued at about $30,000. Richardson Capital Management LLC acquired a new stake in Carnival Co. & in the 1st quarter valued at about $26,000. Finally, ICA Group Wealth Management LLC acquired a new stake in Carnival Co. & in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 67.19% of the company’s shares.
Carnival Co. & Company Profile
(Get free report)
Carnival Corporation & plc provides 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 farm, and owns and operates hotels, lodges, glass-domed rail cars and coaches.
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