Carnival Co. & (NYSE:CCL) Cut to “Hold” at StockNews.com

Carnival Co. & (NYSE:CCL) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Other research analysts have also recently issued reports about the company. Northcoast Research assumed coverage on Carnival Co. & in a research note on Friday, April 25th. They set a “neutral” rating on the stock. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Loop Capital dropped their target price on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Monday, March 24th. Stifel Nicolaus increased their price target on shares of 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 lifted their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.53.

Carnival Co. & Price Performance

NYSE:CCL opened at $19.57 on Tuesday. Carnival Co. & has a 52 week low of $13.78 and a 52 week high of $28.72. The stock’s fifty day moving average is $19.46 and its two-hundred day moving average is $23.03. The company has a market capitalization of $22.83 billion, a P/E ratio of 14.08, a P/E/G ratio of 0.73 and a beta of 2.50. 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. & (NYSE:CCL) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period in the previous year, the firm earned ($0.14) EPS. Carnival Co. &’s revenue was up 7.5% on a year-over-year basis. Equities analysts expect that Carnival Co. & will post 1.77 EPS for the current year.

Institutional Investors Weigh In On Carnival Co. &

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Graybill Wealth Management LTD. acquired a new stake in shares of Carnival Co. & during the first quarter worth about $26,000. Measured Risk Portfolios Inc. acquired a new position in Carnival Co. & during the fourth quarter worth approximately $29,000. Crewe Advisors LLC lifted its stake in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after buying an additional 888 shares during the last quarter. Orion Capital Management LLC acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at approximately $30,000. Finally, New Wave Wealth Advisors LLC purchased a new position in shares of Carnival Co. & during the fourth quarter worth approximately $34,000. 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.