Carnival Co. & plc (NYSE:CCL – Get Rating) gapped down before the market opened on Wednesday after Morgan Stanley lowered their price target on the stock from $17.00 to $13.00. The stock had previously closed at $13.78, but opened at $13.35. Carnival Co. & shares last traded at $13.34, with a volume of 190,639 shares traded.
A number of other equities research analysts have also issued reports on the company. Wells Fargo & Company started coverage on Carnival Co. & in a research note on Tuesday, March 29th. They issued an “underweight” rating and a $21.00 target price on the stock. Stifel Nicolaus cut their target price on Carnival Co. & from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, March 23rd. Deutsche Bank Aktiengesellschaft cut their target price on Carnival Co. & from $25.00 to $24.00 and set a “hold” rating on the stock in a research report on Wednesday, March 23rd. Truist Financial cut their price objective on Carnival Co. & from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, May 19th. Finally, Citigroup dropped their target price on Carnival Co. & from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 19th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Carnival Co. & presently has a consensus rating of “Hold” and an average target price of $24.79.
In other news, Director Randall J. Weisenburger bought 100,000 shares of the business’s stock in a transaction on Wednesday, May 25th. The stock was purchased at an average price of $11.76 per share, with a total value of $1,176,000.00. Following the transaction, the director now directly owns 870,950 shares in the company, valued at $10,242,372. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 12.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in CCL. American Century Companies Inc. raised its position in shares of Carnival Co. & by 26.8% during the third quarter. American Century Companies Inc. now owns 25,643 shares of the company’s stock valued at $641,000 after buying an additional 5,418 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Carnival Co. & by 126.6% during the third quarter. Macquarie Group Ltd. now owns 53,717 shares of the company’s stock valued at $1,344,000 after buying an additional 30,015 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Carnival Co. & by 36.5% during the third quarter. Franklin Resources Inc. now owns 38,904 shares of the company’s stock valued at $973,000 after buying an additional 10,408 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Carnival Co. & by 20.2% in the third quarter. Neuberger Berman Group LLC now owns 1,998,322 shares of the company’s stock valued at $49,480,000 after acquiring an additional 336,291 shares during the period. Finally, Dark Forest Capital Management LP bought a new stake in Carnival Co. & in the third quarter valued at about $160,000. 65.38% of the stock is owned by institutional investors and hedge funds.
The firm has a market cap of $13.30 billion, a P/E ratio of -1.66 and a beta of 2.03. The stock’s 50 day moving average is $16.44 and its two-hundred day moving average is $18.73. The company has a debt-to-equity ratio of 2.90, a current ratio of 0.74 and a quick ratio of 0.70.
Carnival Co. & (NYSE:CCL – Get Rating) last posted its earnings results on Tuesday, March 22nd. The company reported ($1.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.23) by ($0.42). The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $2.26 billion. Carnival Co. & had a negative net margin of 268.65% and a negative return on equity of 56.97%. The business’s revenue was up 6142.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.79) EPS. As a group, research analysts forecast that Carnival Co. & plc will post -2.3 EPS for the current fiscal year.
Carnival Co. & Company Profile (NYSE:CCL)
Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches.