Carnival Co. & plc (NYSE:CCL) Receives Average Rating of “Hold” from Analysts

Shares of Carnival Co. & plc (NYSE:CCL – Get Rating) have earned a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $11.68.

Several equities analysts have recently commented on the stock. Barclays upped their price objective on shares of Carnival Co. & from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, December 15th. Morgan Stanley increased their target price on shares of Carnival Co. & from $6.00 to $7.00 and gave the company an “underweight” rating in a research report on Tuesday. JPMorgan Chase & Co. restated a “neutral” rating and issued a $13.00 target price on shares of Carnival Co. & in a research note on Tuesday, December 6th. UBS Group reduced their price objective on shares of Carnival Co. & from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, January 9th. Finally, Truist Financial lifted their price target on shares of Carnival Co. & from $8.00 to $10.00 and gave the stock a “sell” rating in a report on Tuesday, September 20th.

Carnival Co. & Stock Up 2.2 %

Shares of NYSE CCL opened at $10.51 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 4.52. The stock has a market cap of $11.69 billion, a PE ratio of -2.03 and a beta of 2.14. The company has a 50-day moving average of $9.12 and a 200 day moving average of $9.16. Carnival Co. & has a 12-month low of $6.11 and a 12-month high of $23.86.

Institutional Investors Weigh In On Carnival Co. &

Several institutional investors and hedge funds have recently bought and sold shares of CCL. American Century Companies Inc. boosted its stake in Carnival Co. & by 13.3% during the 1st quarter. American Century Companies Inc. now owns 33,016 shares of the company’s stock valued at $667,000 after purchasing an additional 3,869 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Carnival Co. & by 7.2% during the first 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 during the last quarter. Yousif Capital Management LLC grew its stake in Carnival Co. & by 3.4% in the first quarter. Yousif Capital Management LLC now owns 137,825 shares of the company’s stock worth $2,787,000 after purchasing an additional 4,536 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Carnival Co. & by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,734,230 shares of the company’s stock valued at $95,697,000 after acquiring an additional 93,169 shares in the last quarter. Finally, Aviva PLC lifted its holdings in shares of Carnival Co. & by 25.5% during the 1st quarter. Aviva PLC now owns 152,741 shares of the company’s stock valued at $3,088,000 after purchasing an additional 31,037 shares during the last quarter. Hedge funds and other institutional investors own 49.87% of the company’s stock.

Carnival Co. & Company Profile

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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.