Carnival Co. & plc (NYSE:CCL – Get Free Report) shares dropped 3.9% on Tuesday after Susquehanna lowered their price target on the stock from $17.00 to $16.00. Susquehanna currently has a positive rating on the stock. Carnival Co. & traded as low as $13.07 and last traded at $13.11. Approximately 4,579,115 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 36,745,824 shares. The stock had previously closed at $13.64.
Several other research firms have also weighed in on CCL. Argus upgraded shares of Carnival Co. & from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Tuesday, July 18th. Barclays cut their target price on shares of Carnival Co. & from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, September 21st. Tigress Financial raised their price objective on shares of Carnival Co. & from $13.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, June 29th. JPMorgan Chase & Co. raised their price objective on shares of Carnival Co. & from $16.00 to $18.00 in a report on Monday, July 3rd. Finally, William Blair began coverage on shares of Carnival Co. & in a report on Monday. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.71.
Institutional Trading of Carnival Co. &
Hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. raised its stake in Carnival Co. & by 13.3% in the 1st quarter. American Century Companies Inc. now owns 33,016 shares of the company’s stock worth $667,000 after purchasing an additional 3,869 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Carnival Co. & by 7.2% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 108,222 shares of the company’s stock valued at $2,188,000 after buying an additional 7,248 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of Carnival Co. & by 3.4% in the 1st quarter. Yousif Capital Management LLC now owns 137,825 shares of the company’s stock valued at $2,787,000 after buying an additional 4,536 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Carnival Co. & by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,734,230 shares of the company’s stock valued at $95,697,000 after buying an additional 93,169 shares in the last quarter. Finally, Aviva PLC raised its position in shares of Carnival Co. & by 25.5% in the 1st quarter. Aviva PLC now owns 152,741 shares of the company’s stock valued at $3,088,000 after buying an additional 31,037 shares in the last quarter. Institutional investors own 55.54% of the company’s stock.
Carnival Co. & Stock Performance
The stock’s 50-day moving average is $15.97 and its 200-day moving average is $13.78. The firm has a market capitalization of $14.48 billion, a price-to-earnings ratio of -10.10 and a beta of 2.40. The company has a current ratio of 0.43, a quick ratio of 0.38 and a debt-to-equity ratio of 4.24.
Carnival Co. & (NYSE:CCL – Get Free Report) last released its quarterly earnings data on Friday, September 29th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.11. The business had revenue of $6.85 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Carnival Co. & had a negative net margin of 8.11% and a negative return on equity of 15.00%. The firm’s quarterly revenue was up 59.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.58) EPS. On average, analysts predict that Carnival Co. & plc will post -0.15 EPS for the current fiscal year.
About Carnival Co. &
Carnival Corporation & plc engages in the provision of leisure travel services. The company operates a fleet of more than 90 ships visit approximately 700 ports under AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, Princess Cruises, P&O Cruises (Australia), P&O Cruises (UK), and Seabourn brand names.