Carnival Co. & plc (NYSE:CCL) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Carnival Co. & plc (NYSE:CCL – Get Rating) have received an average rating of “Hold” from the sixteen ratings firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $24.49.

CCL has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Carnival Co. & from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Wednesday, March 23rd. Citigroup decreased their price objective on shares of Carnival Co. & from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, April 19th. Jefferies Financial Group decreased their price objective on shares of Carnival Co. & from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, March 29th. Morgan Stanley decreased their price objective on shares of Carnival Co. & from $18.00 to $17.00 and set an “underweight” rating for the company in a research report on Thursday, March 24th. Finally, Truist Financial decreased their price objective on shares of Carnival Co. & from $20.00 to $17.00 and set a “sell” rating for the company in a research report on Thursday, March 17th.

Institutional investors have recently modified their holdings of the business. Gemmer Asset Management LLC raised its stake in Carnival Co. & by 150.7% in the 4th quarter. Gemmer Asset Management LLC now owns 1,331 shares of the company’s stock worth $27,000 after purchasing an additional 800 shares in the last quarter. Mogy Joel R Investment Counsel Inc. acquired a new stake in Carnival Co. & in the 4th quarter worth about $28,000. Private Capital Group LLC raised its stake in Carnival Co. & by 130.0% in the 1st quarter. Private Capital Group LLC now owns 1,520 shares of the company’s stock worth $31,000 after purchasing an additional 859 shares in the last quarter. Sierra Capital LLC raised its stake in Carnival Co. & by 1,304.3% in the 1st quarter. Sierra Capital LLC now owns 1,615 shares of the company’s stock worth $33,000 after purchasing an additional 1,500 shares in the last quarter. Finally, PSI Advisors LLC acquired a new stake in Carnival Co. & in the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 65.38% of the company’s stock.

Carnival Co. & stock opened at $15.92 on Monday. The company has a market cap of $15.76 billion, a P/E ratio of -1.92 and a beta of 2.02. Carnival Co. & has a 1-year low of $14.94 and a 1-year high of $31.52. The company has a fifty day simple moving average of $18.49 and a 200 day simple moving average of $20.08. The company has a current ratio of 0.74, a quick ratio of 0.70 and a debt-to-equity ratio of 2.90.

Carnival Co. & (NYSE:CCL – Get Rating) last released its earnings results on Tuesday, March 22nd. The company reported ($1.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.16) by ($0.50). Carnival Co. & had a negative net margin of 268.65% and a negative return on equity of 56.97%. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the business posted ($1.79) EPS. The firm’s revenue for the quarter was up 6142.3% on a year-over-year basis. On average, equities research analysts forecast that Carnival Co. & will post -2.22 EPS for the current year.

Carnival Co. & Company Profile (Get Rating)

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.

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