Barclays Issues Pessimistic Forecast for Carnival Co. & (NYSE:CCL) Stock Price

Carnival Co. & (NYSE:CCL) had its price target lowered by research analysts at Barclays from $32.00 to $26.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 40.66% from the stock’s previous close.

CCL has been the subject of several other research reports. StockNews.com raised shares of Carnival Co. & from a “hold” rating to a “buy” rating in a research report on Friday, April 18th. Tigress Financial reissued a “buy” rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Morgan Stanley raised Carnival Co. & from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $25.00 to $21.00 in a research report on Thursday, April 10th. Stifel Nicolaus lifted their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. Finally, Truist Financial upped their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.53.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $18.48 on Tuesday. The company’s fifty day moving average is $20.38 and its 200 day moving average is $23.08. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & has a 52 week low of $13.78 and a 52 week high of $28.72. The stock has a market cap of $21.56 billion, a PE ratio of 13.30, a PEG ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.14) EPS. Research analysts anticipate that Carnival Co. & will post 1.77 earnings per share for the current year.

Institutional Investors Weigh In On Carnival Co. &

Institutional investors have recently modified their holdings of the business. Western Wealth Management LLC lifted its stake in Carnival Co. & by 8.7% during the 1st quarter. Western Wealth Management LLC now owns 12,529 shares of the company’s stock valued at $245,000 after acquiring an additional 1,003 shares during the period. Golden State Wealth Management LLC lifted its position in Carnival Co. & by 77.4% during the first quarter. Golden State Wealth Management LLC now owns 6,699 shares of the company’s stock valued at $131,000 after purchasing an additional 2,922 shares during the period. Wealthquest Corp purchased a new stake in Carnival Co. & in the first quarter worth approximately $36,000. Golden State Equity Partners bought a new stake in Carnival Co. & in the 1st quarter worth approximately $471,000. Finally, Global Assets Advisory LLC purchased a new stake in Carnival Co. & during the 1st quarter valued at $295,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

About Carnival Co. &

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.