Carnival Co. & (NYSE:CCL) Shares Gap Down to $10.43

Carnival Co. & plc (NYSE:CCLGet Rating) shares gapped down prior to trading on Thursday . The stock had previously closed at $10.43, but opened at $10.11. Carnival Co. & shares last traded at $10.10, with a volume of 269,622 shares changing hands.

Wall Street Analyst Weigh In

CCL has been the topic of a number of analyst reports. Susquehanna reduced their price objective on shares of Carnival Co. & from $12.00 to $8.00 and set a “neutral” rating on the stock in a report on Monday, October 3rd. Tigress Financial reaffirmed a “buy” rating and issued a $13.00 target price on shares of Carnival Co. & in a research report on Thursday, October 27th. Stifel Nicolaus increased their target price on shares of Carnival Co. & from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, December 14th. Credit Suisse Group dropped their target price on shares of Carnival Co. & from $19.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, December 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $13.00 target price on shares of Carnival Co. & in a research report on Tuesday, December 6th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.68.

Carnival Co. & Price Performance

The company has a debt-to-equity ratio of 4.52, a current ratio of 0.71 and a quick ratio of 0.67. The company’s 50 day moving average is $9.24 and its 200 day moving average is $9.21. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of -2.02 and a beta of 2.14.

Institutional Trading of Carnival Co. &

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Lido Advisors LLC raised its position in Carnival Co. & by 0.4% during the first quarter. Lido Advisors LLC now owns 189,260 shares of the company’s stock worth $3,826,000 after acquiring an additional 803 shares during the last quarter. Ronald Blue Trust Inc. grew its holdings in Carnival Co. & by 4.6% in the fourth quarter. Ronald Blue Trust Inc. now owns 22,159 shares of the company’s stock valued at $155,000 after purchasing an additional 969 shares during the period. Retirement Systems of Alabama grew its holdings in Carnival Co. & by 0.4% in the second quarter. Retirement Systems of Alabama now owns 269,039 shares of the company’s stock valued at $2,327,000 after purchasing an additional 1,055 shares during the period. Lincoln National Corp grew its holdings in Carnival Co. & by 6.5% in the second quarter. Lincoln National Corp now owns 19,754 shares of the company’s stock valued at $171,000 after purchasing an additional 1,203 shares during the period. Finally, Global Retirement Partners LLC grew its holdings in Carnival Co. & by 10.4% in the third quarter. Global Retirement Partners LLC now owns 12,836 shares of the company’s stock valued at $116,000 after purchasing an additional 1,214 shares during the period. Institutional investors and hedge funds own 49.87% of the company’s stock.

Carnival Co. & Company Profile

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Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.

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