Loop Capital Begins Coverage on Carnival Co. & (NYSE:CCL)

Loop Capital began coverage on shares of Carnival Co. & (NYSE:CCL) in a research report released on Tuesday morning, MarketBeat reports. The firm issued a hold rating and a $25.00 price target on the stock.

Other equities research analysts also recently issued research reports about the company. Truist Financial increased their price target on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Tigress Financial raised their price target on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Citigroup increased their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Bank of America boosted their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Mizuho lifted their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.11.

Carnival Co. & Stock Performance

NYSE:CCL opened at $27.46 on Tuesday. The stock has a 50 day simple moving average of $25.70 and a 200 day simple moving average of $21.42. The stock has a market cap of $31.96 billion, a P/E ratio of 19.75, a PEG ratio of 0.86 and a beta of 2.64. 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.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter last year, the firm earned ($0.07) earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. Research analysts anticipate that Carnival Co. & will post 1.77 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp raised its holdings in shares of Carnival Co. & by 5.9% during the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after purchasing an additional 2,301,906 shares during the period. Geode Capital Management LLC raised its stake in Carnival Co. & by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock worth $442,515,000 after buying an additional 811,692 shares during the period. Mizuho Securities USA LLC boosted its holdings in Carnival Co. & by 8,431.1% in the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after acquiring an additional 6,566,120 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Carnival Co. & by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock valued at $155,745,000 after acquiring an additional 223,195 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Carnival Co. & by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company’s stock valued at $145,571,000 after acquiring an additional 19,768 shares in the last quarter. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Company Profile

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.