Citigroup Upgrades Carnival Co. & (NYSE:CCL) to “Buy”

Carnival Co. & (NYSE:CCL – Get Rating) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, The Fly reports. The firm presently has a $14.00 price objective on the stock, up from their previous price objective of $10.00. Citigroup’s price objective suggests a potential upside of 24.11% from the company’s current price.

Several other equities analysts have also weighed in on CCL. StockNews.com assumed coverage on Carnival Co. & in a research note on Thursday, May 18th. They issued a “sell” rating for the company. Credit Suisse Group lifted their price target on Carnival Co. & from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Monday, March 27th. Susquehanna upgraded Carnival Co. & from a “neutral” rating to a “positive” rating and set a $11.00 price target for the company in a research note on Wednesday, March 29th. Wells Fargo & Company upgraded Carnival Co. & from an “underweight” rating to an “equal weight” rating and set a $9.00 price objective on the stock in a report on Tuesday, March 28th. Finally, JPMorgan Chase & Co. initiated coverage on Carnival Co. & in a report on Friday, April 28th. They issued a “neutral” rating and a $11.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.51.

Carnival Co. & Stock Up 2.5 %

Carnival Co. & stock opened at $11.28 on Thursday. The business has a fifty day moving average of $9.87 and a two-hundred day moving average of $9.90. The company has a quick ratio of 0.60, a current ratio of 0.64 and a debt-to-equity ratio of 5.30. The firm has a market cap of $12.59 billion, a P/E ratio of -2.76 and a beta of 2.22. Carnival Co. & has a twelve month low of $6.11 and a twelve month high of $14.20.

Carnival Co. & (NYSE:CCL – Get Rating) last issued its quarterly earnings results on Monday, March 27th. The company reported ($0.55) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.05. Carnival Co. & had a negative return on equity of 57.75% and a negative net margin of 32.68%. The business had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the firm posted ($1.65) earnings per share. The business’s quarterly revenue was up 173.1% on a year-over-year basis. On average, analysts forecast that Carnival Co. & will post -0.29 earnings per share for the current fiscal year.

Institutional Trading of Carnival Co. &

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. increased 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 worth $667,000 after buying an additional 3,869 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Carnival Co. & by 7.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 108,222 shares of the company’s stock worth $2,188,000 after buying an additional 7,248 shares during the period. Yousif Capital Management LLC increased its stake in Carnival Co. & by 3.4% during the 1st quarter. Yousif Capital Management LLC now owns 137,825 shares of the company’s stock worth $2,787,000 after buying an additional 4,536 shares during the period. Dimensional Fund Advisors LP increased its stake 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 worth $95,697,000 after buying an additional 93,169 shares during the period. Finally, Aviva PLC increased its stake in Carnival Co. & by 25.5% during the 1st quarter. Aviva PLC now owns 152,741 shares of the company’s stock worth $3,088,000 after buying an additional 31,037 shares during the period. Institutional investors and hedge funds own 49.87% of the company’s stock.

About Carnival Co. &

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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.