Carnival Co. & (NYSE:CCL) Raised to “Hold” at Hsbc Global Res

Carnival Co. & (NYSE:CCL) was upgraded by equities researchers at Hsbc Global Res from a “moderate sell” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

A number of other brokerages have also weighed in on CCL. Citigroup cut their price objective on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Loop Capital cut their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Monday, March 24th. StockNews.com raised shares of Carnival Co. & from a “hold” rating to a “buy” rating in a research report on Wednesday. Morgan Stanley raised shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $25.00 to $21.00 in a research report on Thursday, April 10th. Finally, Truist Financial boosted 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. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $26.68.

Carnival Co. & Trading Up 1.8%

NYSE CCL opened at $23.42 on Friday. Carnival Co. & has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock has a 50-day moving average of $19.45 and a 200-day moving average of $23.03. The firm has a market cap of $27.32 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the previous year, the company posted ($0.14) EPS. Carnival Co. &’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, sell-side analysts forecast that Carnival Co. & will post 1.77 EPS for the current year.

Institutional Trading of Carnival Co. &

Institutional investors have recently bought and sold shares of the company. Measured Risk Portfolios Inc. purchased a new stake in Carnival Co. & during the 4th quarter valued at about $29,000. Orion Capital Management LLC purchased a new stake in Carnival Co. & during the 4th quarter valued at about $30,000. Crewe Advisors LLC grew its position in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Carnival Co. & during the 1st quarter valued at about $25,000. Finally, Graybill Wealth Management LTD. purchased a new stake in Carnival Co. & during the 1st quarter valued at about $26,000. 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.