Carnival Co. & (NYSE:CCL) Price Target Cut to $27.00 by Analysts at Truist Financial

Carnival Co. & (NYSE:CCL) had its price objective reduced by Truist Financial from $30.00 to $27.00 in a research note released on Monday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Other analysts also recently issued research reports about the stock. Tigress Financial restated a “buy” rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Stifel Nicolaus boosted their price objective 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. Hsbc Global Res raised shares of Carnival Co. & from a “moderate sell” rating to a “hold” rating in a report on Friday. Macquarie reduced their price target on shares of Carnival Co. & from $31.00 to $26.00 and set an “outperform” rating for the company in a research report on Friday, May 9th. Finally, Northcoast Research assumed coverage on shares of Carnival Co. & in a research report on Friday, April 25th. They issued a “neutral” rating for the company. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus price target of $26.53.

Carnival Co. & Trading Down 0.0%

NYSE CCL opened at $23.38 on Monday. The firm has a 50 day simple moving average of $19.53 and a 200-day simple moving average of $23.05. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & has a one year low of $13.78 and a one year high of $28.72. The firm has a market cap of $27.28 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 0.73 and a beta of 2.50.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 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 business had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same quarter last year, the firm posted ($0.14) earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts anticipate that Carnival Co. & will post 1.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Carnival Co. &

A number of large investors have recently added to or reduced their stakes in CCL. Vanguard Group Inc. boosted its stake in shares of Carnival Co. & by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 119,505,754 shares of the company’s stock worth $2,333,947,000 after purchasing an additional 2,410,188 shares during the last quarter. Causeway Capital Management LLC purchased a new position in shares of Carnival Co. & during the 1st quarter worth about $518,816,000. Geode Capital Management LLC lifted its holdings in shares of Carnival Co. & by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company’s stock worth $627,053,000 after acquiring an additional 1,201,256 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Carnival Co. & by 33.7% during the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock worth $569,423,000 after acquiring an additional 5,761,489 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Carnival Co. & during the 1st quarter worth about $432,718,000. 67.19% of the stock is owned by institutional investors and hedge funds.

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.