Carnival Co. & (NYSE:CCL) Lowered to Hold Rating by StockNews.com

Carnival Co. & (NYSE:CCL) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Other analysts have also recently issued reports about the company. Tigress Financial restated a “buy” rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. BNP Paribas began coverage on Carnival Co. & in a report on Thursday, March 27th. They issued an “outperform” rating and a $26.00 target price on the stock. Truist Financial raised their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Loop Capital lowered their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Monday, March 24th. Finally, Stifel Nicolaus boosted their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.53.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $18.61 on Friday. Carnival Co. & has a 1 year low of $13.78 and a 1 year high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The company’s fifty day moving average price is $20.09 and its 200 day moving average price is $23.08. The stock has a market capitalization of $21.71 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.73 and a beta of 2.42.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morse Asset Management Inc acquired a new stake in shares of Carnival Co. & in the third quarter valued at about $46,000. World Investment Advisors LLC bought a new stake in shares of Carnival Co. & during the third quarter worth approximately $252,000. Wilmington Savings Fund Society FSB acquired a new position in Carnival Co. & in the 3rd quarter valued at $87,000. Tidal Investments LLC grew its stake in shares of Carnival Co. & by 2.9% in the third quarter. Tidal Investments LLC now owns 73,147 shares of the company’s stock valued at $1,352,000 after acquiring an additional 2,033 shares in the last quarter. Finally, Synovus Financial Corp increased its holdings in shares of Carnival Co. & by 5.5% during the third quarter. Synovus Financial Corp now owns 13,456 shares of the company’s stock worth $249,000 after purchasing an additional 700 shares during the period. 67.19% of the stock is currently owned by 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.