Carnival Co. & plc (NYSE:CCL – Get Free Report) traded down 0.4% during mid-day trading on Wednesday . The stock traded as low as $16.56 and last traded at $16.88. 7,838,609 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 30,881,219 shares. The stock had previously closed at $16.94.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on CCL. The Goldman Sachs Group began coverage on shares of Carnival Co. & in a report on Wednesday, March 13th. They set a “buy” rating and a $20.00 price objective for the company. 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. Macquarie upped their target price on shares of Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Tigress Financial increased their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Finally, Argus reduced their price objective on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.53.
Carnival Co. & Stock Up 0.1 %
The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27. The company has a market cap of $19.02 billion, a PE ratio of 64.92 and a beta of 2.57. The company’s 50 day moving average is $15.07 and its 200 day moving average is $16.01.
Carnival Co. & (NYSE:CCL – Get Free Report) last posted its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.04. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.42 billion. During the same quarter in the previous year, the business posted ($0.55) EPS. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. As a group, analysts predict that Carnival Co. & plc will post 1 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Carnival Co. &
Large investors have recently modified their holdings of the business. Sunbelt Securities Inc. raised its stake in shares of Carnival Co. & by 4.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock worth $209,000 after acquiring an additional 601 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Carnival Co. & by 10.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,341 shares of the company’s stock worth $136,000 after purchasing an additional 689 shares during the last quarter. GAMMA Investing LLC grew its position in Carnival Co. & by 7.5% during the 1st quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock worth $169,000 after purchasing an additional 726 shares during the last quarter. Texas Permanent School Fund Corp grew its position in Carnival Co. & by 0.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock worth $3,379,000 after purchasing an additional 729 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in Carnival Co. & by 67.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after purchasing an additional 739 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.
About Carnival Co. &
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.